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.
When it comes to business, it matters who you work with. Choosing the wrong business partner, whether it’s a supplier, customer, or key vendor, can be risky, disruptive, and costly. But how can you see the risk before it impacts your business? For 75 years, Coface has been a global leader in risk management and trade credit solutions. Building on and leveraging our risk expertise, we’re proud to announce a new business information platform designed to give global insights and risk decisions at the click of your fingers.
Leaving a substantial debt of $2.59 billion in its wake, the third-largest U.S. trucking company, Yellow, made headlines in August by filing for Chapter 11 bankruptcy protection, leading to the displacement of 30,000 workers and the announcement it will cease operations.
Coface North America Names Mark Jomaa Chief Operating Officer and Jacqui Jooste Coface Country Manager, Canada08/01/2023
Coface announced today Mark Jomaa has been appointed Chief Operating Officer for the North America region and Jacqui Jooste as Country Manager, Canada.
Both Mark and Jacqui bring proven track records of accomplishments which have raised the bar for customer experience in the risk management and trade credit insurance industries. Adding to the Coface North America leadership team, their work will help set a new standard for service delivery and operational excellence with North America.