Euler Hermes credit insurance AG is with a market share of approximately 40% of Germany of prominent credit insurers. The enterprise calls itself also as world-wide market leaders in this section. With 7 addresses and 21 offices the enterprise is country widely present. Altogether the company employs about 6,000 coworkers, of it about 2,125 in Germany (2004). 2002 summarized the German group of alliances and the French Assurances de France S.A. (AGF) its credit insurance activities in form getting thing (Euler Hermes S.A.). Seat that getting thing is Paris, the German head office (approximately 1,222 persons employed, 2004) has its seat in Hamburg Ottensen.

With the products consumption credit insurance, capital goods credit insurance, confidence indemnity insurance, bail insurance and consumer loan insurance offers Euler Hermes a broad spectrum at enterprise insurance. Beyond that Euler Hermes as well as the PricewaterhouseCoopers corporation company of auditors works on the national export credit warranties on behalf and to be paid by the Federal Republic of Germany.

Enterprise history

The German part of the enterprise developed from the 1917 created and since 1929 in this division working Hermes credit insurance, whose principal shareholder with 90% of the capital 1996 became the alliance, which was considerably involved in Hermes over the Munich reinsurance AG however already before. Since 1948 Hermes is in Hamburg resident, since 1981 in a salient, semicircular with 21 projectiles direct at the rapid-transit railway yard Bahrenfeld.

Export credit warranty

The terms Hermes endorsement or Hermesdeckung habitually one of the Hauptprodukte of the enterprise is named, the so-called export credit warranty, which completes the enterprise on behalf the Federal Republic. These export guarantees of the federation are offered German export your for the security of production insurance against risks during the production phase and export covering during the demand phase. The federation considers both the economical and the political risks. Also special covering forms for seizing of goods, which store abroad, before they are sold or removed from the importer, can over the Hermes credits become secured. The assignment of the credits can be coupled at conditions to the exporter concerning the agreement of the payments with the importer, and also a safety device of credits, which were approved by German banks for the execution of the export trade, is hereby possible.

see also credit insurance

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• Euler Hermes credit insurance AG, German-spoke. Firm side
• Export credit warranties of the federation

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