News and Publications

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07/25/2019
Corporate news

All the News

07/22/2019
Corporate news

Paul Chun To Lead Coface Western Region

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.

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07/10/2019
Corporate news, Product news

Coface fills key executive roles to position for future growth in the United States and Canada

Coface North America, a leader in Credit Insurance and Business Information Services, is pleased to announce several key leadership appointments as it realigns the organization for growth. Lee Spurrier has been named to lead US Sales, Benoit Urbin will serve as Canada Country Manager, Paul Haigley will head North America Commercial Underwriting and Daniel Franca will oversee our focused efforts in the Financial Institutions & Structured Products markets. “Ensuring we have the best leaders in the right roles is a priority for me as we work to best serve our current and prospective clients, distributors, and partners,” said Oscar Villalonga, CEO of Coface North America.

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06/14/2019
Corporate news

COFACE SA enters into the SBF120 index

The SBF 120 is one of the leading Paris stock market indices. It tracks the top 120 companies, in terms of market capitalization and liquidity.

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05/28/2019
Corporate news, Product news

Coface Launches New and Enhanced Credit Information Reports

Coface is pleased to announce it has launched an array of new and enhanced credit information products under its Business Information Services line.

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04/24/2019
Corporate news

Coface delivers a strong first quarter 2019

Net income at €36.4m and RoATE at 9.0%, supported by full impact of Fit to Win plan, portfolio growth and sound underwriting management

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04/15/2019
Corporate news

Coface strengthens its market position in the Adriatic region by acquiring SID - PKZ, the leading credit insurance company in Slovenia

Coface announces today the acquisition of SID - PKZ, the market leader in credit insurance in Slovenia with a high market share. As Coface has acquired all SID - PKZ shares, the business will operate under the new brand name Coface PKZ. The acquisition supports Coface’s strategy of profitable growth in Central & Eastern Europe region.

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04/03/2019
Corporate news

Coface announces the publication of its 2018 Registration Document

The 2018 Registration Document includes the following information: The 2018 Annual financial report; The Report on corporate governance (attached to the management report); The Statutory Auditors’ reports and the news release concerning their fees; The description of the share buyback program; The draft resolutions submitted to the vote of the Combined Shareholders’ Meeting of May 16th 2019; The Non-Financial Performance Statement.

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03/28/2019
Corporate news

COFACE SA: Dividend per share at 0.79€, representing 100% of EPS. Nathalie Bricker and Nicolas Moreau are proposed as new directors.

The Board of Directors of Coface SA met on 27th March 2019 and has decided to propose a dividend of €0.79 per share (representing a payout of 100%). Subject to approval of this proposal by the Annual General Meeting on 16th May 2019, the ex-dividend date will be on 22nd May 2019 and the payment date will be on 24th May 2019.
The Board also decided, on the recommendation of the Compensation & Nomination Committee, to propose to the Annual General Meeting of Shareholders, the appointment of two new Board members, Nathalie Bricker (non- independent), CFO of Natixis and Nicolas Moreau (independent).

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03/26/2019
Corporate news

Coface appoints Paul Haigley to lead its US Broker and Financial Institutions Markets

Coface announces the appointment of Paul C. Haigley, III as its new Vice President of Broker and Financial Institutions Relationship Management in the United States. In this new role, Paul will be leading a team that is focused on driving strong engagement with, and providing outstanding support for, these important business partners.

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03/26/2019
Corporate news

Coface launches credit-insurance offer in Greece

Local companies set to benefit from Coface’s expertise in risk prevention and payment protection.

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03/08/2019
Corporate news

Coface appoints Oscar Villalonga to lead its North America region

Coface announces today the appointment of Oscar Villalonga, 52, as the new CEO, North America Region.

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02/26/2019
Country risk and economic studies

Turkish economy: domestic demand still waning but exports fuelled by the lira’s depreciation

Stagflation becoming a reality, exports are a key-source of revenues for economy, especially in the automotive sector
Exporters are flexible; government support is vital for exporters to gain new market shares

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02/11/2019
Corporate news

FY-2018 results: net income up 47% at €122.3M and pay-out of 100% of net income

Our good 2018 results show the relevance of our Fit to Win strategic plan in a now more volatile economic environment. Our net income of €122 million is up 47% and corresponds to a return on equity close to our average through the cycle objective excluding further capital optimisation actions

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02/05/2019
Country risk and economic studies

Two pitfalls for businesses in 2019: the economic downturn and political risks

Coface will be sharing its vision of the major trends in the world economy in 2019 with businesses at its annual conference on country and sectoral risks.

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12/04/2018
Corporate news

Coface upgraded to ‘Prime’ status by ISS-oekom agency in its 2018 Corporate Social Responsibility rating

ISS-oekom, one of the world's leading rating agencies in the area of sustainable investment, has awarded for the first time ‘Prime’ status to Coface for its social responsibility performance (...)

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11/13/2018
Corporate news

Coface: Keyvan Shamsa appointed Business Technology Director

Keyvan, 56, holds a PhD in computer science and brings broad experience in financial market information systems and knowledge of new technology approaches to Coface.

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11/02/2018
Corporate news

A.M. Best Assigns A (Excellent) Rating to Coface North America Insurance Company

Rating agency A.M. Best has just assigned Coface North America Insurance Company the A (Excellent) Insurer Financial Strength (IFS) rating, with stable outlook.

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10/10/2018
Corporate news

Coface and Tradeshift announce strategic partnership

Global credit insurer to make risk indicators available to a network of 1.5 million businesses in 190 countries.

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09/06/2018
Corporate news

Coface announces the signature of an agreement to acquire PKZ, the credit insurance subsidiary of SID Bank

Coface announces today that it has signed a binding agreement with SID Bank, a Slovenian public bank, to acquire 100% of PKZ capital, a credit insurance subsidiary of SID Bank.

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09/05/2018
Country risk and economic studies

Coface announces CEE Top 500 companies: Household consumption boosts economic activity in CEE

The international credit insurance company Coface presents its tenth annual study on the biggest 500 companies in Central and Eastern Europe – the Coface CEE Top 500. It ranks the businesses by their turnover and additionally analyses further facts such as the number of employees, the framework of the companies, sectors and markets as well as the new Coface company credit assessments. The trend of the CEE Top 500 reflects developments in the region.

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