Coface reports jump in profit amid 2013 economy warning

Thumbs down

However, this growth was reduced to 6.6% when 2011 restructuring costs were factored into the comparison. 

Turnover increased slightly from €1.55bn in 2011 to €1.57bn last year, and combined ratio improved by 0.5% to 82.2%.

The credit insurer said it did not expect any improvement in the economic situation - particularly in Europe - in 2013 “even if emerging markets display strong vitality”.

The company added: “This will mean more strain and fewer opportunities for corporates.”

Jean-Marc Pillu

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: