Coface News

Western Insurers Slowly Re-Enter Deals with Iran – a Market Valued at $9B

Western insurers are slowly reaching deals with Iran as they seek to re-enter a multi-billion dollar market although the pace of business is hampered by banking restrictions 10 months on from the lifting of international sanctions. Shut out of international …

Coface Appoints Murer as New Jersey Based CEO of North America

Coface, a French trade credit insurer, has appointed Fredrik Murer as CEO of its North America region, which is headquartered in East Windsor, New Jersey. In his new role, Murer will report to Group CEO Xavier Durand. Murer is replacing …

Emerging Markets’ Claims Expected to Hit Coface’s 2016 Profit

Coface SA, a French export-credit insurer, warned Monday that higher-than-expected claims by companies trading with emerging markets may cut its 2016 annual profit. The Paris-based company also cited longer collection times in emerging regions, it said in a statement after …

Toys ‘R’ Us Facing Credit Insurance Woes As It Restructures

Insurance companies are cutting back on their coverage of Toys “R” Us Inc. suppliers, bringing another headache to a retailer that has suffered more than two years of losses, people familiar with the matter said. Coface SA and Euler Hermes …

Brokers Missing Out on Big Opportunities in Trade Credit Insurance Market

Agents and brokers who are not selling trade credit insurance – also known as receivables insurance – are missing huge opportunities but also opening themselves up to errors and omission (E&O) exposures, according to trade credit insurance experts. Worldwide capacity …