Compagnie Française D'Assurance Pour Le Commerce Extérieur
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Compagnie Française D'Assurance Pour Le Commerce Extérieur
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 Kre ...
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Société Anonyme
The abbreviation S.A. or SA designates a type of limited company in certain countries, most of which have a Romance language as their official language and employ civil law. Originally, shareholders could be literally anonymous and collect dividends by surrendering coupons attached to their share certificates. Dividends were therefore paid to whoever held the certificate. Share certificates could be transferred privately, and therefore the management of the company would not necessarily know who owned its shares. As with bearer bonds, anonymous unregistered share ownership and dividend collection enabled money laundering, tax evasion, and concealed business transactions in general, so governments passed laws to audit the practice. Nowadays, shareholders of S.A.s are not anonymous, though shares can still be held by a holding company in order to obscure the beneficiary. In different countries S.A. can be an abbreviation of: * in Galician and European Portuguese (used in Portug ...
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Paris
Paris () is the capital and most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), making it the 30th most densely populated city in the world in 2020. Since the 17th century, Paris has been one of the world's major centres of finance, diplomacy, commerce, fashion, gastronomy, and science. For its leading role in the arts and sciences, as well as its very early system of street lighting, in the 19th century it became known as "the City of Light". Like London, prior to the Second World War, it was also sometimes called the capital of the world. The City of Paris is the centre of the Île-de-France region, or Paris Region, with an estimated population of 12,262,544 in 2019, or about 19% of the population of France, making the region France's primate city. The Paris Region had a GDP of €739 billion ($743 billion) in 2019, which is the highest in Europe. According to the Economis ...
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Insurance Companies Of France
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ...
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Financial Services Companies Established In 1946
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessment ...
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Servizi Assicurativi Del Commercio Estero
SACE is the Italian export credit agency. It is wholly-owned by Ministry of Economy and Finance and governed by Filippo Giansante, as Chairman, and Alessandra Ricci, as CEO. History * 1977 - establishment of Sezione speciale per l'Assicurazione del Credito all'Esportazione - SACE as public entity under the surveillance of the Italian Ministry of the Treasury * 1990 - establishment of Società Italiana per le Imprese Miste all'Estero - SIMEST as public entity under the surveillance of the Italian Ministry of Foreign Trade * 1998 - Sezione speciale per l'Assicurazione del Credito all'Esportazione was transformed into Istituto per i Servizi Assicurativi del Commercio Estero - SACE as an entity with legal personality under public law, under the supervision of the Ministry of the Treasury, Budget and Economic Planning * 2004 - SACE is transformed into a joint-stock company, whose capital is wholly-owned by Ministry of Economy and Finance and enters the short-term credit insurance ma ...
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UK Export Finance
, type = Department , logo = UK Export Finance logo.svg , logo_width = 150 , logo_caption = , seal = , seal_width = , seal_caption = , picture = Government Offices Great George Street.jpg , picture_caption = Government Offices, Great George Street , formed = 1919 , jurisdiction = United Kingdom , headquarters = 1 Horse Guards RoadWestminster, London , employees = , budget = , minister1_name = , minister1_pfo = Secretary of State for International Trade , chief1_name = , chief1_position = , chief2_name = , chief2_position = , child1_agency = , child2_agency = , website = , footnotes = UK Export Finance (UKEF) is the operating name of the Export Credits Guarantee Department (ECGD), the United Kingdom's export credit agency and a ministerial department of His Majesty's Government. It has been awarded the best global export credit agency for 2019. In 1920 ...
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Atradius
Atradius provides trade credit insurance, surety and collections services worldwide through a presence in more than 50 countries around the globe. It is the credit insurance arm of Grupo Catalana Occidente (GCO.MC). Credit insurance, bonding and collections products help protect companies throughout the world from payment risks associated with selling products and services on trade credit. In 2021 the company had revenues of EUR 2.1 billion. The company is rated ‘A (excellent) outlook stable’ by AM Best  and ' A2 outlook stable’ by Moody's. History The roots of Atradius can be found in the 2001 acquisition by German insurer Gerling-Konzern Speziale Kreditversicherung (Gerling Credit) of Dutch insurer Nederlandsche Credietverzekering Maatschappij (NCM). The company was then branded as GERLING NCM. Gerling Credit was established in 1954 as the credit insurance arm of the Gerling-Konzern insurance group of Cologne. In 1962 it opened its first international branch office in Swi ...
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Euler Hermes
Allianz Trade is an international insurance company that offers a range of services including trade credit insurance, debt collection, surety bonds and guarantees, business fraud insurance and political risk protection. A subsidiary of Allianz SE, Euler Hermes is rated AA by Standard & Poor's. It monitors the financial health of over 80 million companies. Headquartered in Paris, the company is present in more than 50 countries with more than 5,500 employees, and has a global market share of 34%. They posted a consolidated turnover of €2.9billion in 2021, and insured global business transactions representing €931billion in exposure. History Creation of credit insurers around the world * 1883: ACI in the United States * 1917: Hermes Kreditversicherungsbank in Germany * 1918: Trade Indemnity in United Kingdom * 1927: SFAC in France and SIAC in Italy * 1929: COBAC in Belgium Birth of Euler Hermes In 1993, SFAC started to acquire the different local market leaders in t ...
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La Défense
La Défense () is a major business district in France, located west of the city limits of Paris. It is part of the Paris metropolitan area in the Île-de-France region, located in the Departments of France, department of Hauts-de-Seine in the Communes of France, communes of Courbevoie, La Garenne-Colombes, Nanterre, and Puteaux. La Défense is Europe's largest purpose-built business district, covering , for 180,000 daily workers, with 72 glass and steel buildings (of which 19 are completed skyscrapers), and of office space. Around its Grande Arche and Parvis de la Défense, esplanade ("le Parvis"), La Défense contains many of the Paris Paris aire urbaine, urban area's tallest high-rises. Les Quatre Temps, a large shopping mall in La Défense, has 220 stores, 48 restaurants and a 24-screen movie theatre. The district is located at the westernmost extremity of the ''Axe historique'' ("historical axis") of Paris, which starts at the Louvre in Central Paris and continues along t ...
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