Compagnie Française d'Assurance pour le Commerce Extérieur (Coface) is a credit insurer that operates worldwide' in addition to offering debt collection services, factoring and business information, and bonds.
Created in 1946, Coface was listed on the Euronext Paris Stock Exchange in 2014. Coface employs 4,100 staff in 66 countries. Each quarter, Coface publishes its assessments of country risk for 160 countries, based on its knowledge of companies' payment behavior and on the expertise of its underwriters.
History
Coface was founded in 1946 as the French specialist export credit insurance company.
During the 1990s, Coface developed internationally through internal and external growth, by acquiring credit insurance companies and by creating new subsidiaries or branches. External acquisitions included La Viscontea in 1992 (Italian safety and credit insurance company), London Bridge Finance in 1993 (UK financial company providing credit insurance services), Allgemeine Kredit in 1996 (German company providing domestic and export credit insurance options) and Osterreichische Kreditversicherung in 1997 (Austrian credit insurer) along with the acquisition of the Continental portfolio in the US in 2002. The Group's international development also involved the creation of the Coface Partner network in 1992, which enabled it to conclude partnerships with general insurance groups and banks, notably in emerging markets.
In 2002, Natixis became the majority shareholder of Coface.
In 2014, Coface was listed on the Paris stock exchange (Euronext Paris, CAC Small.