Our history
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.
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.
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.
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.
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%.
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).
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.
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.
We protect your business and help you trade
Allianz Trade is the global leader intrade credit insuranceand a recognized specialist in the areas ofsurety, debt collection,fraud insurance, structured trade credit and political risk. Our proprietary intelligence network is based on instant access to data of 289 million corporates.
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.
Allianz Trade in figures
5,900+
employees in over 40 countries
75,000+
clients, big and small, around the world
1400 €
business transactions protected globally
Allianz named the world’s most valuable insurance brand
We have reaffirmed our position as the world’s most valuable insurance brand, achieving our highest-ever brand value of $28.2 billion, a 20% increase from last year’s $23.5 billion, according to Interbrand’sBest Global Brands 2025 ranking.
We also climbed two places to #27 among all global brands, driven by our strong financial performance, customer centricity, and consistently executed global brand strategy.
Discover the career opportunities at Allianz Trade
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.
Why work with us?
DEDICATION
75,000+
Corporate customers
INSIGHTS
€1,400 Billion
Business transactions protected globally
ASSURANCE
AA Rating
by Standard & Poor's
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