Coface: Key Facts
The Coface Group, a worldwide leader in credit insurance, offers companies around the globe solutions to protect against the risk of financial default of their clients, both on the domestic market and for export. Coface, founded in France in 1946, is a subsidiary of Natixis, whose share capital (Tier 1) was $23 billion at the end of December 2011.
- Revenue of $2.2 billion in 2011, up 7.4% from 2010
- Net profit of $169 million, up 21% compared to 2010
- Net combined ratio of 82.2%, compared to 84.9% in 2010
- One of the largest credit insurers in the world, with $518 billion in insured receivables
- Offices in 66 countries. Credit insurance available in a total of 95 countries through Coface offices and partners
- 4,600 employees including 350 risk underwriters
- Database tracking over 55 million companies worldwide
- Leading credit insurer in Latin America and Asia; first international carrier to receive domestic licenses in Russia and mainland China
- Over 45% of Fortune Global 500 companies are clients of Coface
- Country risk assessments for 157 countries available online at no charge
Coface in North America
- Coface North America Insurance Company, focused exclusively on commercial credit insurance, has over 100 years of experience underwriting domestic and international trade risk (including predecessor companies.)
- Domestic and global credit information and scores provided by Coface Services North America, Inc.
- Domestic and global collections and receivables management services provided by Coface Collections North America, Inc.
Insurance Financial Strength Ratings
Fitch Ratings: AA-*
*Rating applies to Coface SA (parent company), its German, Austrian and
Italian subsidiaries, and to Coface North America Insurance Company in the US.