Coface UK

The annual Trade Credit, Bond and Political Risk Insurance Dinner – hosted by leading credit insurer Coface – has raised over £15,000 for education charity SkillForce.

Coface notes a deterioration of the average strength of companies in Europe and in the United States and is placing on negative watch, or removing positive watch of, 8 developed countries.

The results for the first half of 2011 confirm the recovery of Coface and the relevancy in the refocusing of credit insurance announced in March 2011.

Despite a slowdown compared with 2010, Coface expects the steady pace of growth of emerging countries to continue, forecasting their economies to grow at 5.7%, in 2011.

Against the recent backdrop of the most severe economic crisis of the past 60 years, Coface created this conference to help companies and their advisers be aware of both the opportunities and risks of trading at home and overseas.

After upgrading many of its country ratings in 2010, Coface is now downgrading 10 country ratings, including those for Japan and several countries in the Middle East/North Africa region.

Coface - UK & Ireland, the leading provider of country, sector and business climate ratings and a world leader in credit management services, has announced a five-strong line-up of renowned speakers for its Country Risk Conference in London.

The turnover for 2010 amounted to €1,622 million, up 3.8% from 2009. Turnover growth accelerated in the second half of the year, reaching 10% in the fourth quarter, driven by credit insurance and factoring. Net profit came to €61 million.

Coface UK & Ireland, the leading provider of country, sector and business climate ratings and a world leader in credit management services, will stage its Country Risk Conference at The Emirates Stadium, home of Arsenal FC on Wednesday 8th June 2011.

In its December 10th meeting, the Board of Directors of Coface, chaired by François David, announced the appointment of Jean-Marc Pillu as Chief Executive Officer of Coface.