News and Publications
COFACE SA announces that it has received authorisation from the French Prudential Supervision and Resolution Authority (ACPR) to use the group’s Partial Internal Model for calculating its regulatory capital requirement under the Solvency II Directive as soon as at 31 December 2019.
Coface recorded yet another strong quarter despite an economic context that has continued to deteriorate in line with our expectations. Our strong performance illustrates the effectiveness of the transformation we have implemented within Coface over the past three years, which has notably resulted in the significant improvement of our risk management processes. Commercial momentum was positive this quarter, as new business is continuing to grow whereas our clients’ activity is slowing down. We are maintaining our selective underwriting policy, which is now bearing fruit in a more volatile environment.
Coface North America, a leader in Credit Insurance and Business Information services is pleased to announce the appointment of Paul Chun as Coface’s Western Region Vice President and General Manager of Sales, effective July 22, 2019. Paul is the perfect candidate to lead our newly formed team as we look to expand Coface’s presence in the western United States.