Euler Hermes Canada announces the launch of a new Credit Insurance policy designed for smaller businesses called Trade Secure



    MONTREAL, Feb. 4 /CNW Telbec/ - Euler Hermes Canada, a company of Allianz
and Canada's leading private credit insurer, has today launched a new Credit
Insurance policy today designed with smaller or starting businesses in mind.
    The new policy is a radical departure from the standard policy in that it
eliminates the majority of administration and reporting obligations of
standard Credit Insurance policies.
    Euler Hermes Canada's CEO, Paul Flanagan, explained the thinking behind
the new policy :

    "Most Credit Insurance polices are designed for larger companies who have
    the resources to handle the administration involved in policy management.
    However smaller businesses do not have the infrastructure of larger
    companies and so they have not found the standard offering suitable. Our
    Trade Secure policy eliminates most of the administration and all of the
    reporting requirements. In addition, the innovative pricing structure
    lets small businesses pay only for the cover they need and when they need
    it, giving them total control over the cost.

    I'm confident that this new product will make Credit Insurance available
    to a population of smaller businesses previously excluded and offer them
    the protection they need."

    If you would like to know more about Euler Hermes Canada and our Trade
Secure insurance and would like a free quote, please download our Trade Secure
application form at www.eulerhermes.ca and return it to us completed.

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    Euler Hermes is the worldwide leader in Credit Insurance and one of the
    leaders in the areas of bonding, guarantees and collections. With
    6,000 employees in 50 countries, Euler Hermes offers a complete range of
    services for the management of B-to-B trade receivables and posted a
    consolidated turnover of 2.01 billion euros in 2006. Euler Hermes,
    subsidiary of AGF and a member of the Allianz group, is listed on
    Euronext Paris. The group and its principal credit insurance subsidiaries
    are rated AA- by Standard & Poor's.

    With more than 80 years of experience, Euler Hermes Canada is the first
    private trade credit insurer in Canada and offers both domestic and
    export trade credit insurance in more than 200 countries. For more
    information visit: www.eulerhermes.ca
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For further information:

For further information: Paul Flanagan, CEO, Euler Hermes Canada, (514)
876-7050, paul.flanagan@eulerhermes.com; Louis Planté, Marketing Manager,
Euler Hermes Canada, (514) 876-7044, louis.plante@eulerhermes.com

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EULER HERMES CANADA

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