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COFACE engages to support Belgian companies alongside the state

May 20, 2020
During the current, unprecedented health and economic crisis, the Belgian government, in collaboration with credit insurers, is setting up a reinsurance program to sustain the economy during this difficult period.

Coface appoints Guilherme Spadinger as Sales Director of France & Western Europe

May 6, 2020
Within his new role, Guilherme will be responsible for defining, leading, and supervising Coface's commercial strategy for France and the Western Europe region. His mission will be to support business development and growth, and to cultivate Coface's success in these markets.

COVID-19 swings the spotlight back onto emerging countries’debt

April 29, 2020
While the focus has mainly been on China, Europe and the USA so far, the consequences of the Coronavirus pandemic are likely to be even more severe in emerging countries.

First quarter shows solid operational performance but is impacted by the initial effects of the COVID-19 crisis

April 23, 2020
Xavier Durand, Coface CEO, commented: “The coronavirus crisis presents an unprecedented shock for our economies and for the credit insurance industry. First and foremost, I am very proud of our teams’ successful efforts to continue supporting our customers despite the containment measures (...)"

Coface supports protection shield for German companies

April 17, 2020
Together with the credit insurers, the German government is setting up a protective shield to support the economy in these difficult times.

Coface SA publishes its 2019 Universal Registration Document

April 17, 2020
Communication setting out the arrangements for the supplying of the Universal Registration Document .

Can China shield its economy from the impact of COVID-19?

April 14, 2020
Due to the current coronavirus (COVID-19) pandemic and its impact on the global economy, it is unlikely that China will be able to achieve its 2020 growth target. Coface forecasts a growth rate of 4% for the Chinese economy in 2020.

Coface Barometer: COVID-19 - heading towards a sudden global surge in business insolvencies

April 6, 2020
At first, the COVID-19 epidemic in China only affected a limited number of value chains – but it has since turned into a global pandemic. Its repercussions have created a double shock – supply and demand – that is affecting a large number of industries in all over the world.

COFACE SA: Announcement regarding the dividend

April 1, 2020
COFACE SA’s Board of Directors met on 1st April 2020 to look at the group’s activity in the current economic environment.

Fitch places Coface on Rating Watch Negative

March 31, 2020
The rating agency Fitch has, on 31 March 2020 placed Coface on Rating Watch Negative. This includes Coface’s Insurer Financial Strength (IFS) rating.

Covid-19, A triple shock for the world economy

March 30, 2020
In this webinar focusing on the global impact, our Chief Economist Julien Marcilly explain what can already be expected from this health and economic crisis on a global scale.

Review of the credit insurance sector by Moody's

March 27, 2020
The rating agency Moody's confirmed Coface’s Insurance Financial Strength (IFS) A2 rating on 27 March 2020. The outlook for this rating has been changed to negative.

Poland Payment Survey: reduced payment delays, but a challenging outlook

March 6, 2020
Despite the economic slowdown, Coface’s latest survey on business payments in Poland shows that payment delays have systematically shortened since 2017 – but the impact of the coronavirus outbreak on the Polish economy remains to be seen.

Coface capitalizes on its strategic successes and launches Build to Lead, its new 2023 strategic plan

February 25, 2020
Build to Lead will broaden and deepen the business and cultural transformation initiated in Fit to Win. In particular the new plan will: Continue to strengthen risk management and underwriting discipline; Improve service, and commercial and operational efficiency; Invest in select growth initiatives in trade credit insurance as well as in specialty lines; Maintain balance sheet strength.

COFACE SA: Shareholding evolution

February 25, 2020
COFACE SA (“COFACE”) acknowledges the announcement made today by Natixis of its sale of 29.5% of the share capital of COFACE to Arch Capital Group Ltd (“Arch”) as well as Arch’s affirmed support of COFACE’s current management and of its new 2023 strategic plan Build to Lead.

AM Best assigns A (Excellent) rating to Compagnie française d'assurance pour le commerce extérieur and to Coface Re SA

February 24, 2020
Rating agency AM Best has assigned a Financial Strength Rating (FSR) of A (Excellent) to Compagnie française d'assurance pour le commerce extérieur (la Compagnie) and to Coface Re. Both ratings have a stable outlook. The agency has also affirmed the FSR of Coface North America Insurance Company (CNAIC) to A (Excellent). The outlook remains stable.

COFACE SA: Agreement to acquire GIEK Kredittforsikring

February 5, 2020
COFACE SA announces that it has signed an agreement with the Norwegian ministry of Trade, Industry and Fisheries regarding the acquisition of GIEK Kredittforsikring.

FY-2019 results: Record net income up 20% at €146.7m and proposed dividend per share of €1.0

February 5, 2020
We have completed our Fit to Win plan with record results, despite a riskier economic environment. Our net income is up by 20%, to €147m. The tangible return on equity comes in at 9.1%, excluding non-recurring items. Record retention and a pick-up in new business boosted growth to 5.9%. Finally, in terms of capital, the French regulator authorised our usage of our internal model to calculate the solvency requirement. Our solvency ratio stands at 190%, up 21 points, which allows us to propose a payment of a dividend of €1.0 per share to the Shareholders Annual General Assembly.

Political and environmental risks are the main threats facing businesses in 2020

February 4, 2020
As Coface launches the 2020 edition of its Country & Sector Risks Handbook, Chief Economist Julien Marcilly today presents the main threats for the global economy in 2020 at the Coface Country Risk Conference in Paris. The US-China trade agreement will not be enough to rekindle international trade.