Insurance Post

'Debt-free' Coface enjoys turnover boost

results-up

Credit management solutions business Coface has reported it was "entirely debt-free" in 2011.

Insurance turnover rose from €1.4bn from €1.5bn in 2010, while the net combined operating ratio improved from 84.9% to 82.2%, according to its end of year results.

Current operating profit also

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