To read the digital edition of IPE’s latest magazine click here. Euler Hermes is a credit insurance company and subsidiary of Allianz SE.

With the new plan, the Commission aims to make financing accessible to companies to support a green, digital, inclusive and resilient economic recovery after the COVID-19 crisis, deepen the integration of national capital markets, and offer a space for long-term investments.

It adopted the first action plan in 2015. The European Commission outlined last year a further action plan to complete the CMU. Euler Hermes Ratings’ team of analysts has a long-standing experience in rating European SMEs and in particular mid-cap companies, which perfectly complements our own credit rating expertise.” He added: “Our rating approaches and methodologies are based on a deep understanding of European realities. “In this context, we offer investors and issuers a European perspective on both credit and ESG,” said Scope’s chief operating officer Guillaume Jolivet. Scope is now preparing to exploit opportunities that will be offered by the European Capital Market Union (CMU). The credit rating agency targets debt investors that look at project finance and SMEs for alternative assets and yield, it said.įounded in 2002, Scope has expanded its business over the last decade with the acquisition of PRS Ratings in 2012 and FERI EuroRating Services in 2016. And whilst the Euler Hermes UK name may have now changed, our century-long commitment to our customers remains the same. On 28 March 2022 we at Euler Hermes UK entered an exciting new phase in our global evolution with the launch of our new brand name, Allianz Trade.

Scholler added: “Given its focus, Euler Hermes Rating is well positioned in segments with rising investor demand, and offers clear synergies with Scope Group.” The world leader in trade credit insurance. It analyses mainly small and medium-sized firms (SME) and infrastructure project finance. It was founded in 2001 in Hamburg as an independent rating agency for middle-sided firms.įlorian Schoeller, founder and chief executive office of Scope, said: “The acquisition of Euler Hermes Rating is another step towards consolidating the European ratings market and building a European rating heavyweight.”Įuler Hermes Rating assesses the risks that a company faces in sectors such as automotive, mechanical engineering, renewable energies and telecommunications, at a global or regional level. In this video, Antoine Larmanjat, chief information officer at Euler Hermes, shares the story of the company’s journey to the cloud and explains why it decided on a serverless-first policy.Credit rating agency Scope has taken over Euler Hermes Rating, a division of Allianz’s credit insurance arm Euler Hermes, for an undisclosed sum.Įuler Hermes Rating has renamed as Scope Hamburg following the takeover. To maintain its position and drive innovation, Euler Hermes moved to Amazon Web Services (AWS) and saw faster time to market for new services, more control over costs, and greater ability to integrate with new market entrants’ services via APIs. Recently, new platforms and marketplaces have been launched that threaten to disrupt the credit insurance industry. Euler Hermes receives 600,000 credit limit requests each month relating to 30 million businesses, 82 percent of which must be dealt with in real time. Protecting clients at this scale requires a high-performing infrastructure. In 2019, the company covered more than €950 billion of transactions, resulting in a turnover of €2.9 billion. Headquartered in Paris, France, Euler Hermes provides trade credit insurance, protecting more than 66,000 clients against bad debt.

Euler hermes