Appointment of Jay Malia as Coface country manager for India
Coface is pleased to announce the appointment of Jay Malia as Country Manager for India effective 1 May 2024. He reports to Hugh Burke, CEO of Coface for the Asia Pacific Region.
News, Economy and insights
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2024: a pivotal year, in Coface Country and Sector Risk Barometer – Q4 2023
After a somewhat turbulent 2023, which ultimately turned out much better than expected, 2024 is shaping up to be as decisive as it is uncertain, both in (geo)political terms, with more than 60 national elections - presidential and/or legislative - and in economic terms, with risks mounting on a still slowing global economy.
Coface joins the Net-Zero Asset Owner Alliance
Coface strengthens its commitment to the environment by joining the Net Zero Asset Owner Alliance (NZAOA) and signing the Principles for Responsible Investment (PRI) in line with the Paris Agreements aimed at limiting global warming to 1.5°C by the end of the century.
Xavier Durand: “We're plotting a course through a world that is harder to predict” – Part 2
L’assurance-crédit a plus que jamais un rôle à jouer dans un monde moins prévisible, plaide Xavier Durand, le directeur général de Coface, dans la suite de son grand entretien.
Xavier Durand: “We're plotting a course through a world that is harder to predict” - Part 1
At the end of November, Xavier Durand, CEO of Coface, gave a comprehensive interview to the newspaper L'Agefi. In this first part, he explains the consequences of conflicts around the world for companies, and what this means for Coface.
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Quadient and Coface join forces to offer an advanced customer risk management solution in France and other international markets
Quadient (Euronext Paris: QDT), a leader in helping businesses create meaningful customer connections through digital and physical channels, and Coface, a globally renowned trade credit insurer with over 75 years of experience, announce their strategic partnership to offer an advanced risk management solution.
Coface SA: Moody’s upgrades Coface's main operating company to A1 IFSR, stable outlook
The rating agency Moody’s, on 28th September 2023, has upgraded the financial strength rating (Insurance Financial Strength Rating – IFSR) for Coface to A1 from A2. The agency has also changed the outlook for Coface to stable from positive.
Coface launches API Portal, a new digital platform dedicated to API solutions
This new digital platform, designed by Coface, provides its customers and distribution partners with a full range of APIs (Application Programming Interfaces).
Appointment of Benoît Urbin as Coface Country Manager for the United Kindgom and Ireland
Coface is pleased to announce the appointment of Benoît Urbin as Country Manager for the United Kingdom & Ireland.
Coface and Credit Agricole sign a distribution agreement to accompany corporates in their international development
With this agreement, Crédit Agricole will be able to distribute Coface’s credit insurance products to its corporate clients that are involved in international trade and willing to secure their treasury.
"Debt against nature": Coface provides reinsurance in largest deal in history!
Ecuador, a country rich in biodiversity, has signed an agreement to reduce its debt while allocating several hundred million dollars to the marine conservation of the Galapagos Islands.
Coface launches Alyx, a new all-in-one credit management platform
Coface announces the launch of a new digital trade credit risk management platform for its policyholders. Named Alyx, it allows Coface's customers to automate and centralize their credit risk management from lead to cash.
Coface pledges to shrink its carbon footprint
Coface has set clear social and environmental responsibility (CSR) goals, especially for direct and indirect greenhouse gas emissions, with the first milestone in 2025.
Coface SA: Am Best affirms Coface’s main operating subsidiaries rating at A (Excellent) with a stable outlook
The rating agency AM Best affirmed on 19 May 2023 the A (Excellent) Insurer Financial Strength – IFS rating of Compagnie française d’assurance pour le commerce extérieur (la Compagnie), Coface North America Insurance Company (CNAIC) and Coface Re. The outlook for these ratings remain “stable”.
How has Coface managed and mitigated the impacts of Russia-Ukraine conflict in 2022?
The invasion of Ukraine by Russia on February 24, 2022 triggered one of the most important wars in Europe since the Second World War. This armed conflict and the numerous economic sanctions taken against Russia have created serious economic, financial and inflationary consequences for the whole world.
Our clients trust us: Denmaur renews and extends its long-term policy
Good response times, risk underwriting expertise, collaborative approach… Denmaur, one of the UK’s leading paper suppliers, recently renewed its credit insurance agreement with Coface, a long-term partner.
Coface X Rel8ed: “Nowadays, Data Science is a key component of Risk Management”
Recently acquired by Coface, Rel8ed is a specialized North American data analytics boutique, which develops innovative solutions leveraging Big Data and AI.
Coface increases its footprint in New Zealand with the opening of a local branch
Global Credit insurer Coface announces it has opened a branch in New Zealand after receiving the approval from the Reserve Bank of New Zealand on 1 April.
Appointment of Grishma Kewada as Coface country manager for Singapore
Coface is pleased to announce the appointment of Grishma Kewada as Country Manager for Singapore effective April 1st 2023. She reports to Graham Crozier, CEO of Coface South East Asia & India.
Coface celebrates its 100th anniversary in Germany
Coface Germany celebrates its 100th birthday! The company was founded in March 1923 in Mainz as the Rheinische Garantiebank Kautionsversicherungs-AG on the initiative of Isaac Fulda, a local banker. To mark this milestone, Coface is looking back on its history in the country.
Coface’s commitment to equity
Coface is stepping up initiatives to fast-track and support the development of women's careers in the company, with a particular focus on managerial decisions regarding promotion and recruitment.
Appointment of Jonathan Steenberg as Coface economist for the United Kingdom and Ireland
Coface is pleased to announce the appointment of Jonathan Steenberg as Economist for the United Kingdom and Ireland. He reports to Bruno De Moura Fernandes, head of macroeconomic Research at Coface and is based in London.
Coface acquires North America data analytics boutique Rel8ed
Coface announces today the acquisition of North American data analytics boutique Rel8ed. The acquisition brings new, rich data sets and analytics capabilities, which will benefit Coface trade credit insurance as well as the company’s business information customers and teams.
Fitch confirms Coface AA- rating
The rating agency Fitch, on 23 November 2022, affirmed Coface AA- Insurer Financial Strength (IFS) rating. The outlook remains stable. Fitch has also affirmed Coface SA's Long-Term Issuer Default Rating (IDR) at 'A+', with a stable outlook.
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