On March 28, 2022, the world leader in credit insurance, Euler Hermes announced its name change."We are very happy to see Euler Hermes become Allianz Trade, and are convinced that this change will bring many benefits in terms of brand awareness, business development, growth and innovation. Allianz Trade is a unique company, oriented data and technology, of which we are very proud" says Chris Townsend, member of the Board of Management of Allianz SE.
Subsidiary of the Allianz Group since 2018, this new name is part of the Allianz Group's strategic plan for 2025, which includes three components: strengthening leadership in the main activities, development in high-potential activities and reinforcement of the positioning on B2B online commerce.