About Allianz Trade in the UK

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 2016, we concluded new partnerships: 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, making it fully owned by the Allianz Group.

In 2022 Euler Hermes re-branded to Allianz Trade, creating even stronger synergies with Allianz, enabling technological advances to help customers trade with confidence.