Euler Hermes · Paris France ·(Euronext Paris: ELE)
Company Description
Phone: +33-1-40-70-50-50
Fax: +33-1-40-70-50-17
Rankings
- SBF 120
- CAC Mid100
- SBF 250
View Euler Hermes Locations On A US Map
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This link will open in a new window Been given enough credit lately? Who has, right? Well, Euler Hermes, one of the world's largest credit insurers, provides credit insurance, receivables management, and risk management services. With operations worldwide, the company's credit insurance products provide customers with trade debt collection and financing of trade receivables, as well as bonding, fidelity insurance, and evaluation of trade receivable portfolios. These products offer both commercial and political coverage. Euler Hermes is a subsidiary of French insurer Assurances Générales de France , which owns a 68% stake, and a member of the German powerhouse Allianz Group. To read the full description, subscribe now.
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Key Euler Hermes Financials
| Company Type | Public - Euronext Paris: ELE Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $171.4 |
| Employees | 2 |
Euler Hermes Executives
30 executives listed for Euler Hermes's Paris, location.
| Title | Name & Bio | Contact |
| Chairman, Chairman-CEO of AGF | Jean-Philippe Thierry | Network |
| Vice-Chairman, General Manager of AGF | François Thomazeau | Network |
| CEO | Wilfried Verstraete | Network |
Competition
Competitive Landscape for Euler Hermes
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top Euler Hermes Competitors
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