Advertise Here
Icon

Directory

IconAccounting & Tax
IconActuaries
IconAdministrators
IconAppraisers & Valuers
IconArbitration Services
IconASIB
IconAssessors & Loss Adjusters
IconAssist and Lifestyle Benefits
IconAssociations & Institutes
IconAuditors
IconBBBEE Consulting and Verification Agencies
IconBroker Acquisition Financing
IconBrokers for Brokers
IconBusiness Process Management
IconBusiness Process Outsourcing
IconCall Centre Outsourcing & Sales
IconCompany Secretarial Services
IconCompliance
IconConsumer Protection
IconCorporate Governance
IconCredit Bureaus
IconDebit Order Collection Facilities
IconDefensive Driver Training
IconEducation and Training
IconEmergency Medical Rescue
IconFAIS
IconFire, Storm, Flood Damage Specialists
IconForensic Investigation Services
IconHuman Resources
IconIndustrial Cleaners
IconInformation Technology and Software Partners
IconInsurance Companies
IconLegal
IconLightning Damage & Surge Protection Specialists
IconNiche Insurance Products
IconOmbud
IconOutbound Sales
IconOutsourcing Companies
IconPolicy Administration
IconPremium Financing
IconPublic Loss Adjustors
IconPublications
IconRating Agencies
IconReference Books & Material
IconRegulatory Authorities
IconRisk Finance
IconRisk Management
IconRisk Surveyors
IconSalvage Operators
IconSpecialized Claims Investigations & Assessing
IconSurveys and Research
IconTraining Courses & Workshops
IconUnderwriting Managers
IconVehicle Accident Management
IconVehicle and Household Risk Inspection Services
IconVehicle Tracking
IconWellness Programs
IconWholesale Brokers
IconZZZZZZ
Image
  Subscribe To »

AM Best assigns A (Excellent) rating to Compagnie française d'assurance pour le commerce extérieur and to Coface Re SA

Published

2020

Tue

25

Feb

Rating agency AM Best has assigned a Financial Strength Rating (FSR) of A (Excellent) to Compagnie française d'assurance pour le commerce extérieur (la Compagnie) and to Coface Re. Both ratings have a stable outlook.

The  agency  has  also  affirmed  the  FSR  of  Coface  North  America  Insurance  Company  (CNAIC)  to

A (Excellent). The outlook remains stable.

 

La Compagnie is Coface main operating entity. Coface Re SA, domiciled in Switzerland, is a 100% subsidiary of

Coface SA.

 

The ratings of la Compagnie, CNAIC and Coface Re reflect their strategic importance to the Coface group. La Compagnie is the main insurance operating company of the group and the direct parent of all Coface insurance entities, whilst CNAIC is the group’s vehicle to access the North America market. Coface Re plays a central role in the internal reinsurance scheme.

 

In its press release, AM Best highlights that these ratings reflect “Coface group’s balance sheet strength, which AM Best categorises as very strong, as well as its adequate operating performance, favourable business profile and appropriate enterprise risk management”.

 

AM Best expects “the group’s operating performance to remain adequate over the medium term, supported by management’s ability to take prompt risk-mitigating actions on non-performing business when required”.

 
Source: Coface
 
« Back to previous page Print this page » |
 

Breaking News »

COVID-19 Vaccine: Trials and Tribulations

Even as countries hobble out of lockdown, coronavirus retains its firm grip on the planet. Dozens of vaccines against Covid-19 are being explored and tested. Can new methods accelerate the development of a solution ...
Read More »

  

COVID-19 Vaccine: Trials and Tribulations

Even as countries hobble out of lockdown, coronavirus retains its firm grip on the planet. Dozens of vaccines against Covid-19 are being explored and tested. Can new methods accelerate the development of a solution ...
Read More »

  

Catharina Richter to lead Allianz Cyber Center of Competence

Group-wide Cyber Center of Competence is embedded into Allianz Global Corporate & Specialty (AGCS) with a reporting line to AGCS Chief Underwriting Officer Corporate Thomas Sepp Catharina Richter joins from ...
Read More »

  

COVID-19 and Business Interruption Insurance

Johannesburg - The COVID-19 pandemic and the resultant lockdown has created unprecedented socio-economic challenges in the lives of South Africans. The South African Insurance Association (SAIA) supports the actions ...
Read More »

 

More News »

Image

Healthcare »

Image

Investment »

Image

Life »

Image

Retirement »

Advertise Here
Image
Image
Image
Image
Image
Advertise Here

From The Glossary »

Icon

Claims intimated but not finalised:

Amounts provided to cover the estimated ultimate cost of settling notified claims arising out of insured events that have occurred by the end of the accounting period, less amounts already paid in respect of those claims. Also referred to as outstanding claims but excluding IBNR's.
More Definitions »

 

Advertise

 

eZine

 

Contact IG

 

Media Pack

 

RSS Feeds

By using this website you agree to the Terms of Use.
Copyright © Insurance Gateway (Pty) Ltd 2004 - 2020. All Rights Reserved.