Insurance Post

Coface sees post-recession rise

Recession slump closing down sign

Recession-hit credit insurer Coface has said half year turnover rose 8% to €764m, compared to the 1st half of 2010 and its combined ratio improved by 12.5 points to 78.3.

It said its loss ratio continues to decrease. It reported a net income of €64m, which it described as "a significant increase of 121%".

It said had completed a strategic review of its business lines

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