October 01, 2016 7:37 AM ET

Insurance

Company Overview of Coface SA

Company Overview

COFACE SA, through its subsidiaries, provides credit insurance products and related services for small and medium enterprises, and multinational companies. Its solutions include risk prevention, receivables management and debt collection, single risk insurance, and public procedures management. The company also offers additional services comprising factoring and surety bond, and business information services. It operates in Northern Europe, Western Europe, Central Europe, the Mediterranean and Africa, North America, Latin America, and the Asia-Pacific. The company was founded in 1946 and is headquartered in Bois-Colombes, France.

1, place Costes et Bellonte

Bois-Colombes,  92270

France

Founded in 1946

3,410 Employees

Phone:

33 1 49 02 20 00

Key Executives for Coface SA

Coface SA does not have any Key Executives recorded.

Coface SA Key Developments

Coface SA Appoints Fredrik Murer to Lead its North America Region

Coface SA continues to strengthen its senior management team, with the appointment of Fredrik Murer as CEO of the North America region. A member of Coface's Executive Committee, reporting to Xavier Durand, Group CEO, Fredrik takes over from Juan Saborido. Juan will transition into the newly created position of Senior Advisor to Xavier Durand, after 18 years in various leadership positions in the Coface Group in Europe and in North America. Before joining Coface, Fredrik was Head of Americas, Political Risk & Credit at Ace-Chubb Corporation. Fredrik has had a long and distinguished career in the insurance sector, having held senior political risk underwriting roles in Zurich Financial Services Group (2002-2004), the Chubb Group of Insurance Companies (1997-2002) and the American International Group, where he started his career in 1993.

Coface SA Reports Consolidated Earnings Results for the Second Quarter and First Half of 2016

Coface SA reported consolidated earnings results for the second quarter and first half of 2016. For the quarter, the company reported consolidated revenues of EUR 351.7 million compared to EUR 370.7 million reported in the same period last year. Operating income was EUR 15.5 million against EUR 42.1 million reported last year. Operating income excluding restated items was EUR 12.0 million against EUR 37.6 million a year ago. Net result (group share) was EUR 3.3 million against EUR 25.8 million a year ago. Net income (group share), excluding restated items was EUR 3.6 million against EUR 26.5 million reported last year. For the first half, the company reported consolidated revenues of EUR 716.7 million compared to EUR 760.3 million reported in the same period last year. Operating income was EUR 51.8 million against EUR 102.6 million reported last year. Operating income excluding restated items was EUR 50.1 million against EUR 95.5 million a year ago. Net result (group share) was EUR 25.6 million against EUR 66.1 million a year ago. Net income (group share), excluding restated items was EUR 30.5 million against EUR 68.3 million reported last year.

Coface SA, H1 2016 Earnings Call, Jul 27, 2016

Coface SA, H1 2016 Earnings Call, Jul 27, 2016

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