As announced in September, the French insurance company AGF and its parent company, Germany's ALLIANZ, are to merge their respective subsidiaries EULER and HERMES to create the world's biggest insurance credit company (with a 36% share of the world market). The deal involves EULER buying the 97.3% share of HERMES held by ALLIANZ. The deal will lead to AGF owning at least 56% of the new company (to be called EULER & HERMES) and ALLIANZ will hold 10%. The figures unveiled by AGF show that the...