Germany Extends $37B Backstop for Credit Insurers to Keep Pandemic Trade Flowing December 4, 2020 Germany agreed to extend a backstop for commercial credit insurers by six months to keep trade flowing and prevent bankruptcies...
Insurers Face Big Investment Losses, Trade Credit Claims from Coronavirus Crisis March 12, 2020 By Carolyn Cohn Having initially brushed off the potential impact from coronavirus-linked claims, global insurers are waking up to the prospect of a...
Arch Capital to Buy 29.5% Stake in French Credit Insurer Coface February 25, 2020 Arch Capital Group Ltd. has entered into a share purchase agreement with Natixis regarding the acquisition of a 29.5% stake...
French Bank Natixis Denies Reports of Takeover Talks for Credit Insurance Unit Coface July 22, 2019 French bank Natixis said on Monday that it was not in talks over a possible takeover offer for Coface, the...
Coface Appoints Haigley as Vice President in Maryland March 27, 2019 Coface, a global credit insurer, has appointed Paul C. Haigley III as its vice president of broker and financial institutions...
Western Insurers Slowly Re-Enter Deals with Iran – a Market Valued at $9B October 21, 2016 By Jonathan Saul and Carolyn Cohn Western insurers are slowly reaching deals with Iran as they seek to re-enter a multi-billion dollar market although the pace...
Coface Appoints Murer as New Jersey Based CEO of North America September 23, 2016 Coface, a French trade credit insurer, has appointed Fredrik Murer as CEO of its North America region, which is headquartered...
Emerging Markets’ Claims Expected to Hit Coface’s 2016 Profit July 5, 2016 By Fabio Benedetti-Valentini Coface SA, a French export-credit insurer, warned Monday that higher-than-expected claims by companies trading with emerging markets may cut its...
Toys ‘R’ Us Facing Credit Insurance Woes As It Restructures July 28, 2015 By Lauren Coleman-Lochner and Jodi Xu Klein Insurance companies are cutting back on their coverage of Toys “R” Us Inc. suppliers, bringing another headache to a retailer...
Brokers Missing Out on Big Opportunities in Trade Credit Insurance Market February 21, 2014 By Amy O'Connor Agents and brokers who are not selling trade credit insurance – also known as receivables insurance – are missing huge...