Euler Hermes is a credit insurance company that offers a wide range of bonding, guarantees and collections services for the management of business-to-business trade receivables. A subsidiary of Allianz SE, Euler Hermes is listed on ELE.PA and is rated AA- by Standard & Poor's. The Group posted a consolidated turnover of €2.5 billion in 2013. Euler Hermes employs 6,140 employees in over 50 countries and insured global business transactions for €789 billion in exposure at the end of 2013.