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In 2007, Euler Hermes increased its shareholding to 50% in COSEC, the market leader in Portugal. [8] In 2013, Solunion, a joint venture between Euler Hermes and MAPFRE, was created covering Spain and Latin America. [9] In the same year, Euler Hermes increased its shareholding in ICIC, a credit insurer in Israel, to 50%. [10]
Mapfre Internacional becomes the majority shareholder of Middlesea Insurance (Malta). [14] Mapfre and Euler Hermes sign a memorandum of understanding to jointly develop their credit and bond insurance businesses in Spain, Portugal and Latin America. Mapfre Asistencia sets up a subsidiary in Australia for travel insurance on line distribution.
Euler Hermes, merger of the two credit insurance companies of the Allianz Group. Euler Hermes is the world's number one credit insurance provider. [3] Coface, a wholly owned subsidiary of Natixis, the financing, asset management and financial services arm of the BPCE Group. Coface has the largest direct presence in the world.
Before that he was the Chief Economist of Allianz Trade (formerly: Euler Hermes) and a board director of Solunion, the joint venture company for Spain and Latin America between Allianz Trade and Mapfre. [1]
Share of the Allianz Versicherungs-AG, issued 5 February 1890 An early Allianz agent's plaque. Allianz AG was founded in Munich in 1889, but started its activities in Berlin on 5 February 1890, by the then-director of the Munich Reinsurance Company Carl von Thieme (a native of Erfurt, whose father was the director of the Thuringia insurance company) and Wilhelm von Finck (co-owner of the Merck ...
MAPFRE Insurance writes property and casualty insurance in 19 states across the United States through a network of more than 4,200 independent agents and brokers. The company provides a full range of insurance products, including coverage for automobiles, homes, motorcycles, watercraft, and businesses, as well as term life insurance in several ...
The management of the guarantees is in the hands of Euler Hermes (which is the lead) and PricewaterhouseCoopers.Decisions on matters of principle and the underwriting of large export transactions are made by an inter-ministerial committee comprising representatives not only of the German Federal Ministry of Economics and Technology but also of the Federal Ministry of Finance, the German ...
Germany – Euler Hermes Kreditversicherungs-AG, AuslandsGeschäftsAbsicherung der Bundesrepublik Deutschland Greece – Export Credit Insurance Organisation Hungary – Hungarian Export Credit Insurance Ltd , Hungarian Export-Import Bank India – Export-Import Bank of India, ECGC Limited Iran-Export Guarantee Fund of Iran,(EGFI)