milievolution.blogg.se - Euler hermes

With the new brand name, we will benefit even more from the reputation and strength of the Allianz Group, which has an extensive global network of expertise. Changing our brand name to Allianz Trade means reinforcing our position as a global player. We are the world leader in trade credit insurance, operate in 52 countries and count over 5,500 employees. Our in-depth knowledge of markets and economic cycles, combined with our predictive analytics applied to the largest set of company data, allow us to position our clients one step ahead. Our goal has always been to anticipate and mitigate risks through business intelligence to help firms trade with confidence. PARIS, Ma(GLOBE NEWSWIRE) - Today marks a new chapter in our story: Euler Hermes, the world leader in trade credit insurance, becomes Allianz Trade – a natural move as we have been fully part of the Allianz Group since 2018.Ĭonfidently stepping into tomorrow, staying true to who we areįor over 100 years, we have been providing companies of all sizes with powerful tools to expand their business and protect their assets with trade credit insurance and surety bonds.

Becoming Allianz Trade will be a major asset to support our 2025 strategic plan.

Euler Hermes enters a new chapter and is now Allianz Trade.

To read the digital edition of IPE’s latest magazine click here. With the new plan, the Commission aims to make financing accessible to companies to support a green, digital, inclusive and resilient economic recovery after the COVID-19 crisis, deepen the integration of national capital markets, and offer a space for long-term investments. It adopted the first action plan in 2015. The European Commission outlined last year a further action plan to complete the CMU. Euler Hermes Ratings’ team of analysts has a long-standing experience in rating European SMEs and in particular mid-cap companies, which perfectly complements our own credit rating expertise.”

He added: “Our rating approaches and methodologies are based on a deep understanding of European realities. “In this context, we offer investors and issuers a European perspective on both credit and ESG,” said Scope’s chief operating officer Guillaume Jolivet.

Scope is now preparing to exploit opportunities that will be offered by the European Capital Market Union (CMU). The credit rating agency targets debt investors that look at project finance and SMEs for alternative assets and yield, it said.įounded in 2002, Scope has expanded its business over the last decade with the acquisition of PRS Ratings in 2012 and FERI EuroRating Services in 2016. Scholler added: “Given its focus, Euler Hermes Rating is well positioned in segments with rising investor demand, and offers clear synergies with Scope Group.” It analyses mainly small and medium-sized firms (SME) and infrastructure project finance. It was founded in 2001 in Hamburg as an independent rating agency for middle-sided firms.įlorian Schoeller, founder and chief executive office of Scope, said: “The acquisition of Euler Hermes Rating is another step towards consolidating the European ratings market and building a European rating heavyweight.”Įuler Hermes Rating assesses the risks that a company faces in sectors such as automotive, mechanical engineering, renewable energies and telecommunications, at a global or regional level. Credit rating agency Scope has taken over Euler Hermes Rating, a division of Allianz’s credit insurance arm Euler Hermes, for an undisclosed sum.Įuler Hermes Rating has renamed as Scope Hamburg following the takeover.