Euler Hermes SA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Euler Hermes SA and Mapfre SA's Joint Venture Solunion Officially Begins Operations
Euler Hermes SA announced that Solunion, jointly created by Euler Hermes SA and Mapfre SA to offer trade credit insurance solutions in Spain and Latin America, officially began operations in Spain and Argentina on January 29, 2013. Solunion became an official entity January 28, 2013, with the signing of the shareholders' agreement and official nomination of the Board of Management members. Mr. Ludovic Senecaut, Chief Executive Officer (CEO) of Euler Hermes SA in Northern Europe, was named Solunion Chairman, and Mr. Alfredo Castelo, Chairman of MAPFRE GLOBAL RISKS, became Vice Chairman. The company is owned equally by Euler Hermes and Mapfre SA. The Solunion group management team includes Mr. Fernando Perez Serrabona, CEO; Mr. Antoine George, Chief Financial and Administration Officer; Mr. Laurent Treilhes, Risk, Information and Claims director; and Mr. Felipe Buhigas, Market Management, Commercial and Distribution director. National CEOs include Mr. Pascal Personne in Spain and Mr. Juan Antonio Garcia Serrano in Argentina. Solunion offers trade-related credit insurance solutions and services for companies of all sizes in a range of trade sectors.
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