News and Publications

News and Publications

News

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

02/05/2020

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.

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COFACE SA: Agreement to acquire GIEK Kredittforsikring

02/05/2020

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

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

02/04/2020

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.

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Turkey Payment Survey 2019: better picture in payment term but companies remain cautions regarding economic prospects

01/23/2020

Right after the recession that the economy went into during the second half of 2018 the private sector remains mixed in terms of the economic outlook.

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AM Best affirms A (Excellent) rating to Coface North America Insurance Company, with stable outlook

12/20/2019

Rating agency AM Best, on 17 December 2019, has affirmed Coface North America Insurance Company’s ‘A’ (Excellent) Insurer Financial Strength (IFS) rating, with a stable outlook.

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