Coface
Government interventions to spare credit insurers the worst of pandemic losses
Credit insurers face pandemic-related claims continuing well into 2021 but will avoid losses on a similar scale to those seen after the 2008 global financial crisis thanks to government interventions, according to Fitch Ratings.
Trade credit claim rise 'no need for concern' experts say
The sharp rise in claims paid to businesses due to non-payment is “no need for concern”, experts have claimed.
Trade credit insurers paid equivalent of £4m a week in claims last year
Trade credit insurers paid businesses the equivalent of £4m in claims every week last year.
Coface 2014 turnover grows 1.6%
Coface has reported a 1.6% increase in its turnover for the year ending 31 December 2014 to €1.4bn (£1bn).
Germany and Austria upgraded by Coface as European growth is forecast
The Eurozone is slowly recovering from a serious double-dip recession, with growth of 1.1% expected in 2014, according to credit insurer Coface's latest country risk assessment.
Coface CEO eyes imminent IPO following 'good' 2013 results
Coface chief executive Jeam-Marc Pillu has turned his attention to launching an initial public offering in the first half of the year after achieving “strong” commercial growth in 2013.
Coface report highlights uneven growth in CEE markets
Most countries in Central and Eastern Europe are experiencing a slowdown in GDP growth, rising insolvency rates and high unemployment due to the economic crisis in the Eurozone, according to the latest Panorama report from credit insurer, Coface.
Coface to insure companies exporting to Croatia
Credit insurer Coface will start insuring companies exporting to Croatia following the country’s accession to the European Union.
Coface launches credit insurance in Croatia
Coface has started offering credit insurance services in Croatia following the country’s accession to the European Union.
Coface downgrades Eurozone GDP after Germany concerns
Economists at cred insurer Coface, are downgrading their GDP growth forecast for the Eurozone, reflecting concern about Germany, the largest EU economy.
Coface "not a strategic asset" says Natixis chief
French bank Natixis does not expect to put Coface up for sale but would consider reducing its stake in the credit insurer, chief executive Laurent Mignon reportedly told a shareholders meeting on Tuesday.
New risks threaten emerging market progress
Despite resilient growth, estimated at 5.1% in 2013, and improved sovereign and external fundamentals, emerging country risks have not disappeared altogether, according to Coface.
Coface premiums up 3.1% after strong Apac and Latam growth
Credit insurer Coface posted a 6.6% rise in net profit (excluding restructuring costs) to €129m in the first full year results since its re-brand.
Coface profits boosted by emerging markets growth
Credit insurer Coface Group has seen its full year profits bolstered by emerging markets performance, with net profits up 6.6% to €129m.
Coface restructure brings European branches under control of French regulator
French credit insurer Coface said today it had simplified and streamlined its European credit insurance activities in preparation for incoming Solvency II regulations.
From Paris with Snow
The title of this blog is slightly misleading as I am no longer in Paris and there is no longer snow. But before the thaw, I found myself in the Francophile’s playground, courtesy of Coface.
India's middle class boom not confined to megacities
Firms looking to supply goods and services to India’s growing middle classes should not ignore those in smaller towns and cities, according to Ambitabh Kundu, Professor of Economics, Jawakarlal Nehru university.
Corporates still at risk from Eurozone economic woes
The Eurozone's economic situation may be improving, but the environment for corporates remains very difficult, according to Coface chief economist Yves Zlotowski.
Germany-based businesses more likely to succeed, says Coface report
Corporate insolvency laws, profitability and stable sources of funding are among the reasons German companies are less likely to fail than those based in France, a Coface report has found.
Market moves: Fusion five mark the week's biggest move
Towergate-owned underwriter Fusion was the most active firm in the recruitment space this week, unveiling a new five-strong engineering team all joining from Aviva.
Economy is biggest underwriting concern for Europe's credit insurers
The main underwriting issue for credit insurers in the European markets is the worsening of the economic situation in the Eurozone, according to Mapfre director of credit insurance Felipe Buhigas.