Euler Hermes, the world chief in commerce credit score insurance coverage, has rebranded as Allianz Commerce.
The corporate described the title change as a pure transfer as a result of it has been “absolutely a part of the Allianz Group since 2018.”
“Altering model title to Allianz Commerce means reinforcing our place as a worldwide participant,” mentioned the corporate in an announcement.
The corporate mentioned its new model title will immediately help the implementation of its 2025 strategic plan, which is predicated on three pillars:
- Lengthen core companies. Allianz Commerce mentioned it would proceed to work to ship “top-level service in all market segments, constructing on unrivalled underwriting instruments, expertise and infrastructure, and on a multichannel distribution together with the Allianz brokers community. We additionally intention to speed up market penetration within the U.S.”
- Scale progress engines. Allianz Commerce additionally will proceed to develop its progress engines akin to surety and specialty options. “We’re already specialists in these strains of enterprise, and we are going to make investments to develop additional and shortly increase our market shares.”
- Put together for the brand new world. Specializing in the long run and put together for the way forward for commerce, Allianz Commerce mentioned it “should seize the chance given by the shift of B2B commerce on-line and turn into a key participant on this new ecosystem.”
“We’re excited to see Euler Hermes turn into Allianz Commerce and are satisfied that the change will result in many advantages by way of consciousness, enterprise growth, progress and innovation,” commented Chris Townsend, member of the Board of Administration of Allianz SE
Headquartered in Paris, Allianz Commerce is current in 52 international locations with 5,500 workers. In 2021, our consolidated turnover was €2.9 billion and insured world enterprise transactions represented €931 billion in publicity.
Supply: Allianz Commerce
Was this text helpful?
Listed below are extra articles it’s possible you’ll get pleasure from.
Fascinated with Carriers?
Get automated alerts for this matter.
