Reinsurance News
Euler Hermes
Allianz renames Euler Hermes to Allianz Trade
29th March 2022
Global insurance carrier Allianz has renamed trade credit insurer, Euler Hermes to Allianz Trade, effective immediately. Allianz Group purchased the trade credit specialist in 2018. The company said: “We are the world leader in trade credit insurance, operate in 52 countries and count over 5,500 employees. Changing our brand name to Allianz ... Read the full article
Euler Hermes binds first policy on Dialogue platform
1st March 2022
Independent complex risks platform Dialogue Exchange Global (Dialogue) has announced that Euler Hermes, has bound its first policy on Dialogue’s electronic placing platform, arranged by specialist independent broker, Cofarco. The policy is the first excess-of-loss structure to be placed on the Dialogue platform. Dialogue received accreditation as a recognised Lloyd’s e-placement ... Read the full article
Euler Hermes promotes Sarah Murrow to CEO, UK&I
4th June 2021
Trade credit insurer Euler Hermes has appointed Sarah Murrow as CEO of its UK and Ireland business. Murrow will be transferred from her current role as the market management, commercial underwriting and distribution (MMCD) director for Northern Europe. She will be the first woman to head up Euler Hermes’ UK and Ireland ... Read the full article
Euler Hermes makes key changes within its Board of Management
25th May 2021
Trade credit insurer Euler Hermes group, has announced key changes within its Board of Management and Regional Management teams. Michele Pignotti, a member of the Group Board of Management who’s in charge of Market Management, Commercial and Distribution, will be leaving the company in June to pursue new challenges within Solunion ... Read the full article
Euler Hermes CEO to step down, Allianz’ Clarisse Kopff succeeds
1st October 2020
Trade credit insurer Euler Hermes Group has announced that Wilfried Verstraete, Chief Executive Officer and Chairman of the board of management, will be stepping down from his operational duties. Clarisse Kopff will succeed him as CEO and Chairperson of the Board of Management as of 1 January 2021. Kopff is currently Chief ... Read the full article
LiquidX, Marsh partner on electronic platform for trade credit insurance
2nd April 2019
LiquidX, the international network for illiquid assets, has partnered with global insurance and reinsurance broker Marsh, on the launch of a "next generation" platform for the trade credit insurance sector, called the Liquid Trade Credit Insurance Marketplace. The new electronic marketplace went live recently, with numerous transactions executed and underwritten by ... Read the full article
Allianz to squeeze-out and delist remaining Euler Hermes shares
25th April 2018
Allianz has announced that it will complete its acquisition of Euler Hermes minorities by implementing a squeeze-out of remaining shares, after which it will delist the company from the Euronext Paris stock exchange. The squeeze-out, which was first announced in February, is scheduled for April 27th, 2018, and will see ... Read the full article
Allianz grows Euler Hermes shareholding to 92.43%
15th February 2018
Allianz Group has increased its shareholding in credit insurer Euler Hermes to 92.43% after acquiring an additional 29.43% of Euler Hermes' share capital in a total investment of about €1.5 billion. The insurance giant announced last year that it was looking to gain 100% ownership of Euler Hermes, and filed Read the full article
Allianz files tender offer for Euler Hermes shares
2nd January 2018
Allianz has filed a tender offer for outstanding shares in trade credit insurer Euler Hermes in a EUR122-per-share bid with French markets regulator AMF. On approval, Allianz’s simplified cash tender offer is to open in early 2018, offering shareholders a 20.7% premium to the pre-announcement closing price on November 24, 2017 ... Read the full article
Euler Hermes appoints two executives in Asia Pacific region
18th August 2017
Trade credit insurer Euler Hermes has made two key appointments in its Asia Pacific region naming Clemens Philippi as chief executive officer (CEO) of Euler Hermes ASEAN and Benoit Ganzmann as CEO of China. Philippi will be based in Singapore and assume responsibility for the firms activities in Indonesia, Malaysia, the Philippines, ... Read the full article
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