Euler Hermes ties up with Mapfre for Spain and Latin America push
Spanish insurer Mapfre and Allianz-owned credit insurer Euler Hermes have signed a 50/50 joint venture to develop their credit insurance business in Spain and four Latin American countries.
The joint venture will launch operations in the beginning of 2013, subject to regulatory approvals.
The firms will integrate their existing credit insurance activities in Spain, Argentina, Chile
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