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Two years later in 2002, Euler acquired Hermes, the German market leader in trade credit insurance. [7] In 2003, the Group and all its subsidiaries became Euler Hermes. Euler Hermes began to expand internationally in 2004, and opened offices in Latin America , Asia Pacific , and the Middle East ( United Arab Emirates , Kuwait , Oman , and Qatar ...
Hermes cover. A Hermes cover ( Hermesdeckung in German) is an export credit guarantee (ECG) by the German Federal Government. These guarantees are an important part of German foreign trade policy and protect German companies in the event of non-payment by foreign debtors.
Portal. v. t. e. An export credit agency (known in trade finance as an ECA) or investment insurance agency[ 1] is a private or quasi-governmental institution that acts as an intermediary between national governments and exporters to issue export insurance solutions and guarantees for financing. The financing can take the form of credits ...
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QBE was founded in 1886 as the North Queensland Insurance Co in Townsville, by two Scottish migrants, James Burns and Robert Philp, founders of shipping company Burns Philp to insure its ships.
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