Euler Hermes opens branch after notifying CSA - Azi

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Euler Hermes, a German group that specialises in commercial credit insurance, entered the local market by setting up a local branch, based on the establishment right that EU companies have, according to the Insurance Supervisory Commission (CSA).

Such branches have been set up on the Romanian market by insurers Coface (Austria), QBE (UK) and AIG Europe (France). The German group has Coface as a direct competitor, which also specialises in commercial credit insurance. In the first quarter of...

Read the whole story in: Ziarul Financiar