For generations we’ve drawn on our financial strength to support global trade and economic development, continuously looking for new and innovative ways to enable our customers’ growth and confidence in tomorrow.
The origins

Our origin dates back from the creation of SFAC in France in 1927. During the following decades, SFAC prospered and started progressively to expand by acquiring COBAC in 1993 – a Belgian company created in 1929 – and Trade Indemnity in 1996 – a UK company created in 1918.

It allowed SFAC to become the world’s leader in trade credit insurance.

Settling as the world’s leader

In 1998, SFAC continued expanding by acquiring in ACI – created in the US back in 1883 – and SIAC – an Italian company created in 1927. The same year, Allianz bought AGF, shareholder of SFAC. SFAC became Euler-SFAC.

In 2000, Euler got listed on the Paris Stock Exchange and then acquired Hermes in 2002, the world’s fourth trade credit insurer.

Becoming Euler Hermes
Becoming Euler Hermes

In 2003, the Group and all its subsidiaries adopted the name Euler Hermes, before continuing to expand in Asia Pacific, Middle East and Latin America, but also in Europe by raising stake to COSEC, the market leader in Portugal to 50% in 2007.

In 2008, we created World Agency, a dedicated global entity working specifically for multinationals.

A strong expansion
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Between 2010 and 2014, we concluded a global distribution partnership with HSBC, BPI and BNP Paribas. Together with MAPFRE, we created a joint venture in Spain, Solunion, which quickly expanded to Latin America, and increased it interest equity in ICIC – the Israeli credit insurance specialist – to 50%.
Becoming more digital
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In 2015, we created the Digital Agency, an internal innovation “laboratory”, and concluded new partnerships the following year: with Moody’s as well as with Unicredit to provide tailored rating services to European SMEs. In 2016, we also created a new joint venture, China Pacific Property Insurance Company (CPPIC).
Acquisition by Allianz
Allianz flag
In 2018, Allianz Group successfully completed the acquisition of Euler Hermes’s outstanding shares. Euler hermes Group is now fully owned by the Allianz Group and is continuously investing to reinvent trade finance.
Becoming Allianz Trade
Allianz trade offices
On 28 March 2022, Euler Hermes changed its brand name to Allianz Trade. The new Allianz Trade brand name maintains our heritage, market acumen and tradition of excellence we are known for around the world.
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Allianz Trade is the global leader in trade credit insurance  and a recognized specialist in the areas of surety, debt collection, fraud insurance, structured trade credit and political risk. Our proprietary intelligence network analyses daily changes in corporate solvency representing 98% of global GDP.

We give companies the confidence to trade, and be paid. We compensate your company in the event of a bad debt, but more importantly, we help you avoid bad debt in the first place. Whenever we provide trade credit insurance, surety bonds or other finance solutions, our priority is predictive protection. And when the unexpected arrives, our AA credit rating (Standard and Poor’s) means we have the resources, backed by Allianz, to provide compensation to maintain your business.

Our global team of macroeconomists and sector analysts works on economic intelligence, market knowledge and industry risk analysis to help our customers better anticipate, analyse and respond to changes in market conditions and shape new opportunities ahead of the competition. 


We’re investing in data intelligence, advanced statistical tools, and state-of-the-art technologies such as AI to enable scalable access to the business data required to make sound underwriting decisions. We’re also proud of our many fintech partnerships that explore using block chain, smart algorithms and APIs to revolutionize factoring, trade and supply chain finance. 

Customer obsession is what leads us. We focus on understanding your needs, your markets, your challenges and your expectations for tomorrow. Our goal is to support your short and long term goals in order to help you make better-informed business decisions. 


5,500 +
employees in 50+ countries with 80 nationalities
clients, big and small, around the world
€1,057 billion
business transactions protected globally
Come and join a place of constant learning and development, where people are at the heart of each and every decision. A place where employees are encouraged to be ambitious and to continuously challenge themselves.
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