Euler Hermes UK was previously known as Trade Indemnity Plc (founded in 1918), who were the largest domestic credit insurance underwriter within the UK, and is now part of Allianz. A global power in Credit Insurance, Euler Hermes is present in 51 countries employing over 6,000 staff and underwriting approximately 36% of the global Credit Insurance market. Euler Hermes, together with ECGD, monopolised the UK bad debt protection market for many years before new underwriting companies started entering this class of insurance during the 1970’s and 1980’s. As a result of this heritage, Euler Hermes UK offer probably the widest spread of cover options available and account for the largest share of domestic Credit Insurance policies underwritten today. Euler Hermes, known and respected throughout the banking and finance sectors, provides bad debt protection through Whole Turnover and Excess of Loss policies for both domestic and export sales.
Strengths and Differentiators
The largest European and worldwide regional risk office network of analysts dedicated to proactive proprietary information gathering in aid of underwriting on behalf of its clients.
Comprehensive range of credit insurance policy wordings to cover a wide variety of trade credit patterns.
Products and Services
Credit Insurance: Whole turnover, Specific account, Top account, Top Up, Excess of loss.
Bonds & Guarantees: Performance, Advance Payment, Retention, Road & Sewer, HM Revenue & Customs & Construction.
Additional Services: Debt Collection, Credit Information, EOLIS.
Despite strong competition Euler Hermes UK have maintained their position as market leader for most classes of business.
*approximate amount only for information purposes. Not published by underwriter.