{"id":464526,"date":"2021-03-24T15:59:19","date_gmt":"2021-03-24T19:59:19","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=464526"},"modified":"2021-03-24T15:59:19","modified_gmt":"2021-03-24T19:59:19","slug":"coface-north-america-insurance-company-am-best-affirms-cofaces-main-operating-subsidiaries-rating-at-a-excellent-with-a-stable-outlook","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/coface-north-america-insurance-company-am-best-affirms-cofaces-main-operating-subsidiaries-rating-at-a-excellent-with-a-stable-outlook\/","title":{"rendered":"COFACE NORTH AMERICA INSURANCE COMPANY: AM Best affirms Coface\u2019s main operating subsidiaries rating at A (Excellent) with a stable outlook"},"content":{"rendered":"

\nThe rating agency AM Best affirmed on 18th March 2021 the A (Excellent) Insurer Financial Strength \u2013 IFS rating of Compagnie fran\u00e7aise d\u2019assurance pour le commerce ext\u00e9rieur (la Compagnie), Coface North America Insurance Company (CNAIC) and Coface Re. The outlook for these ratings remain \u201cstable
\n<\/h2>\n
\n

Princeton, New Jersey, March 24, 2021 (GLOBE NEWSWIRE) — In its press release, the agency reminds that this rating reflects Coface\u2019s balance sheet strength, which AM Best assesses as \u201cvery strong\u201d. This strength is underpinned by a consolidated risk-adjusted capitalization at the strongest level as measured by the Best\u2019s Capital Adequacy Ratio (BCAR) score.\u00a0<\/p>\n

AM Best also acknowledges that despite deteriorated economic conditions, Coface has reported good technical results in 2020 with a net combined ratio at 79.8%.\u00a0<\/p>\n

Last, in its release, the rating agency underscores that this note reflects Coface\u2019s \u201cleading position in the global credit insurance market, which is characterised by high barriers to entry\u201d.\u00a0<\/p>\n

\n Carine Pichon, Coface SA Chief Finance & Risk Officer, commented:<\/strong>\u00a0
\u201cThis affirmation comes after a year 2020 that has been extraordinary by many aspects. Coface teams\u2019 commitment has allowed us to navigate through this first phase of the sanitary and economic crisis in a satisfactory manner. We continue to relentlessly implement our strategy to improve our agility and our resilience, which are at the heart of our culture.\u201d\u00a0<\/p>\n

\n

Click here to learn more about Coface USA<\/a> and here for Coface Canada<\/a>.\u00a0<\/p>\n


\n
\n \n <\/div>\n

\n
Alexa Dankowski\r\nCoface North America Insurance Company\r\n609-240-1568\r\nalexa.dankowski@coface.com\r\n<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
The rating agency AM Best affirmed on 18th March 2021 the A (Excellent) Insurer Financial Strength \u2013 IFS rating of Compagnie fran\u00e7aise d\u2019assurance pour le commerce ext\u00e9rieur (la Compagnie), Coface North America Insurance Company (CNAIC) and Coface Re. The outlook for these ratings remain \u201cstable Princeton, New Jersey, March 24, 2021 (GLOBE NEWSWIRE) — In its press release, the agency reminds that this rating reflects Coface\u2019s balance sheet strength, which AM Best assesses as \u201cvery strong\u201d. This strength is underpinned by a consolidated risk-adjusted capitalization at the strongest level as measured by the Best\u2019s Capital Adequacy Ratio (BCAR) score.\u00a0 AM Best also acknowledges that despite deteriorated economic conditions, Coface has reported good technical results in 2020 with a net combined … <\/p>\n
Continue reading “COFACE NORTH AMERICA INSURANCE COMPANY: AM Best affirms Coface\u2019s main operating subsidiaries rating at A (Excellent) with a stable outlook”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-464526","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCOFACE NORTH AMERICA INSURANCE COMPANY: AM Best affirms Coface\u2019s main operating subsidiaries rating at A (Excellent) with a stable outlook - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/coface-north-america-insurance-company-am-best-affirms-cofaces-main-operating-subsidiaries-rating-at-a-excellent-with-a-stable-outlook\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"COFACE NORTH AMERICA INSURANCE COMPANY: AM Best affirms Coface\u2019s main operating subsidiaries rating at A (Excellent) with a stable outlook - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"The rating agency AM Best affirmed on 18th March 2021 the A (Excellent) Insurer Financial Strength \u2013 IFS rating of Compagnie fran\u00e7aise d\u2019assurance pour le commerce ext\u00e9rieur (la Compagnie), Coface North America Insurance Company (CNAIC) and Coface Re. 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