Allianz Trade

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) between 2004 and 2009.

[8] In 2013, Solunion, a joint venture between Euler Hermes and MAPFRE, was created covering Spain and Latin America.

Should their customers become insolvent or fall into protracted default, it includes indemnification for the values of goods or services delivered.

A bond, or financial guarantee, protects the contractual obligations between businesses and a customer, supplier or partner.

In the event of non-performance of the specified obligations, the surety bond company or guarantor is there to provide compensation for loss and damage.