Euler Hermes North America’s “A+” rating reaffirmed by A.M. Best

31.07.2013
A.M. Best Company has reaffirmed the financial strength rating of A+ (Superior) and issuer credit ratings of "aa-" for Euler Hermes North America Insurance Company, a member company the world’s leading provider of trade credit insurance. The outlook for both ratings is stable.
 
“A.M. Best’s confirmation of our A+ rating supports our North American business strategy and demonstrates we are financially solid and well-equipped to meet the needs of our customers and partners,” said Jochen Duemler, CEO and head of Euler Hermes North America. “As the world’s largest and longest-established provider of trade credit insurance, Euler Hermes offers clients deep risk expertise and global experience to safely and strategically develop their businesses.”

According to A.M Best documentation, the ratings reflect Euler Hermes’ strong risk-adjusted capitalization, leading market position as the largest trade credit insurer in the United States, and its strong risk management practices. The ratings also reflect the support provided by Euler Hermes North America’s intermediate parent, Euler Hermes S.A. (ELE.PA, France), and the organization's ultimate parent, Allianz SE (Germany). This support includes reinsurance protection, infrastructure integration, enhanced marketing capabilities, and financial flexibility.

Standard & Poor’s (S&P) has also rated Euler Hermes a solid AA- based on its market leading position, strong operating performance and capitalization.

A.M. Best is the world's oldest insurance rating and information source.

Euler Hermes offers services for both domestic and export business trade transactions, protecting clients against commercial and political risk by monitoring and rating 245 countries and territories worldwide. The company also provides services to help companies of all sizes outsource their debt collection, risk management and credit management information needs. Customers can leverage Euler Hermes’ global database of more than 40 million buyers and local underwriting presence in 50 countries.
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