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United States: Stimulus plan paves the way for record trade deficit

April 6, 2021
As the world's largest importer, and second largest exporter of manufactured goods, the United States has had a trade deficit since the early 1970s. Using an analysis based on historical estimates of a potential trade balance, Coface estimates that the deficit could grow by 56 billion dollars as a result of the stimulus plan.

Governance change – Declan Daly appointed Coface Group COO

March 24, 2021
Coface is pleased to announce that Declan Daly has been appointed Chief Operating Officer of the Coface Group, effective as of April 1, 2021.

The paradox of corporate insolvencies in Europe: miracle and mirage

March 16, 2021
In 2020, and even if the real impact of the COVID-19 crisis remains uncertain, the number of insolvencies actually fell in all major European economies. According to our research, the gap between the expected deterioration of the companies’ financial health and the number of insolvencies suggests that there is a high number of “hidden insolvencies” that have been postponed, rather than prevented.

Diversification is one of the many effects of oil price volatility on Middle Eastern and African oil producers

March 11, 2021
The COVID-19 pandemic’s negative impact on global GDP growth and global trade volumes has caused a sharp drop in oil prices in the spring of 2020. This price drop, even if temporary, has affected Middle Eastern and African oil exporters differently, in line with their national output’s dependence on oil, as well as their fiscal strength and international reserves. Although Coface expects oil prices to average USD 60 per barrel in 2021, their volatility will remain a challenge for producing countries.

Poland: Payment delays between companies shorten during the pandemic

February 16, 2021
The year 2020 was marked by the COVID-19 pandemic. In order to mitigate the impact of this difficult economic situation on Polish companies, various liquidity-supporting aid measures were introduced, such as tax and contribution exemptions and deferrals. As a result, despite the extensive economic crisis, payment delays between companies have shortened – however, with these aid measures are to be phased out in 2021, two thirds of companies expect their business activities to deteriorate this year.

COFACE SA: Moody's raises the outlook for Coface to “stable”

February 14, 2021
The rating agency Moody’s, on 10th February 2021, has confirmed the financial strength rating (Insurance Financial Strength – IFS) for Coface at A2. The agency has also raised the outlook for Coface, which is now stable.

Coface FY-2020 results: Net income at €82.9m and 100% pay-out ratio

February 10, 2021
Coface releases its FY 2020 Financial Results.

Governance evolution – Bernardo Sanchez Incera appointed Chairman of the Board of Directors

February 10, 2021
Following the change in the shareholder base and the arrival of Arch Capital Group Ltd. in Coface's capital, COFACE SA's Board of Directors is evolving. Bernardo Sanchez Incera has been appointed Chairman of the Board of Directors.

Coface Barometer Q4 2020 - An uneven recovery

February 9, 2021
In its latest quarterly Barometer and on the occasion of the publication of the country and sector risk guide, Coface highlights an uneven recovery across countries, sectors of activity and income levels.

The political risks of lockdown in the Netherlands and Germany

January 28, 2021
Coronavirus containment measures are leading to social unrest in many countries, especially in the Netherlands and in Germany. Watch our video to learn more.

Attend our 25th Country Risk Conference 8-10 february

January 14, 2021
This year at our Country Risk Conference: 3 round tables to embrace the new business risks in a post-covid world.

UK-EU trade agreement: almost late, but worth the wait

January 7, 2021
After nine months of tense negotiations, the UK and the EU finally struck a post-Brexit agreement. Watch our video to learn some of the key points of the deal.

Coface signs an agreement with Dutch government to support the economy

December 28, 2020
Dutch State extends guarantee with Credit insurers by six months from the first of January 2021.

Coface wishes you the best for the holiday season

December 27, 2020
Happy new year from everyone at Coface !

Coface works with Italian government to support trade credit

December 22, 2020
With a view to support the Italian economy during this unprecedented sanitary and economic context, the Italian Government has set up a reinsurance programme to support the guarantees provided by credit insurers in the field of supplier credits.