Hermes Kreditversicherungs-AG was founded in 1917 as a specialist for all branches of
credit, guarantee and fidelity insurance. Since 1949, when the Federal Republic of Germany
was founded, Hermes and C&L Deutsche Revision AG have been entrusted by the German Federal
Ministry of Economics with administering the federal government's Export Credit Guarantee
Scheme, for which purpose the two companies entered a consortium under the lead management
of Hermes. Hermes now has about 1,800 employees and the company has established 18 branch
offices, spread throughout Germany. There are also subsidiaries, branch offices and
representative offices in another nine European countries. Two major lines of business
serviced by Hermes are the business transacted on the company's own account and the
management of the federal government's Export Credit Guarantee Scheme. For own account
business, Hermes operates on a large scale in all fields of credit insurance commercial
credit; export credit; capital goods credit; consumer credit; fidelity insurance; and
guarantee insurance. On behalf of the German federal government, Hermes handles short-term
and medium-/long-term export credit guarantees, whole turnover policies and pre-shipment
risk cover.
Contact Points
Friedensallee 254, D-22763 Hamburg
Mailing address: PO Box, D-22746 Hamburg
Tel: +(49- 40) 8834 1055
Fax: +(49- 40) 8834 1059
E-Mail address: info@hermes-kredit.com
Internet-address: http://www.hermes-kredit.com
Senior Management
Other Management
Principal Shareholders
Major Facilities
EXPORT CREDIT INSURANCE
WOLF-INGO DARIUS, Chief Executive Officer, Chairman of the Board of Management; DR HANS JANUS, Member of the Board of Management, responsible for the Export Credit Guarantees Division.
JÜRGEN DIEDRICH, International Relations/Legal and Economic Affairs; VOLKMAR EULER, Credit Department; THOMAS GREUTER, Liaison Office, Bonn; PETER WACHSMAN, Accounting/Statistics/Services Department; DIETER WOJAHN, Claims and Rescheduling Department; HANNELORE B BERGS, BU Matters/Issues in General; LUDWIG R KRONITZ, Underwriting Matters/Issues; DETLEV MALZKUHN, Electronic Communication/Chief Economist; UWE STUMPENHUSEN, International Exchange of Information.
Allianz Aktiengesellschaft, Munich with more than 90 per cent. The German Government does not hold any Hermes shares.
Short-term (up to one-year) cover: commercial and political risks; pre-shipment; credit and domestic cover.
Medium- and long-term (over one-year): supplier and buyer creditfacilities.
PROJECT FINANCE
Special project finance facility available.
BONDS AND GUARANTEES
Cover against: unfair calling; advance payment bonds; bid bonds; performance bonds; surety bonds and retention payment bonds; bonds/guarantees issued.