Coface Introduces New Syndicate at Lloyd’s for Trade Solutions
Coface's New Syndicate at Lloyd's: A Game Changer for Trade Credit
Coface recently announced exciting news about its new short-term trade credit syndicate at Lloyd’s, offering AA-rated solutions tailored for its clients. This step comes as part of Coface’s commitment to enhancing its services and addressing the ever-evolving needs of the market.
Details of the New Syndicate
The newly established syndicate, named Coface Lloyd's Syndicate 2546, is expected to begin underwriting activities soon. Coface envisions this syndicate as a crucial addition to its service portfolio, allowing the company to deliver robust trade credit insurance products to selected market segments. This move is also seen as a significant opportunity to tap into the growing demand for reliable credit insurance solutions within the Lloyd’s marketplace.
Leadership Insights
Xavier Durand, Coface’s Chief Executive Officer, expressed his enthusiasm regarding the syndicate's establishment. He remarked, "The creation of syndicate 2546 represents an important step for Coface. This project reflects our determination to improve support to our customers by offering them a broader range of solutions. We see growth potential for credit insurance at Lloyd’s. This new structure supports our ambition to develop a global ecosystem for credit risk management." Durand's vision underscores the strategic positioning of Coface as it navigates through the complexities of credit insurance.
Partnerships for Success
David Ibeson, CEO of Apollo Group, also shared his excitement about partnering with Coface as they embark on this new journey. He noted, "We are delighted to welcome Coface as a new Apollo Platform Partner, supporting and maximizing the delivery of their Lloyd’s aspirations. The combination of Coface’s market-leading trade credit expertise and Apollo’s track record in building innovative syndicates is incredibly promising for the Lloyd’s market." This partnership is anticipated to enhance the syndicate’s capacity to deliver top-notch insurance products.
The Strength of Coface in Trade Credit Insurance
Coface has been a leader in trade credit risk management for over 75 years, helping businesses navigate financial uncertainties. With around 100,000 clients across 200 markets, it offers a comprehensive range of solutions including Trade Credit Insurance, Business Information, and Debt Collection. In 2024, Coface's dedicated team of approximately 5,236 employees generated a turnover of €1.84 billion, solidifying its prominent position in the insurance industry.
Comprehensive Insurance Solutions
The firm is renowned for its innovative approach, leveraging cutting-edge technology and deep industry insights to provide tailored solutions designed for both local and international markets. Its offerings include various insurance products such as Single Risk insurance and Surety Bonds, ensuring that organizations of all sizes can find the support they need to thrive.
Collaborative Efforts with Gallagher Re
Coface has expressed gratitude for the support and guidance provided by Gallagher Re throughout this initiative. Gallagher Re is known for its exceptional analytical capabilities, providing clients with strategic insights and comprehensive advisory services that empower better decision-making in risk transfer and insurance.
Empowering Businesses
The collaboration between Coface and Gallagher Re is vital for the successful establishment of the syndicate, allowing both firms to enhance their offerings and better serve their clients in an increasingly complex economic landscape.
Connecting with Coface
If you have any inquiries regarding Coface's new syndicate or its offerings, the company provides dedicated contacts for both analysts and media relations. For investor inquiries, Thomas Jacquet can be reached at +33 1 49 02 12 58, and Rina Andriamiadantsoa at +33 1 49 02 15 85. For media relations, Saphia Gaouaoui is available at +33 1 49 02 14 91, while Adrien Billet can be contacted at +33 1 49 02 23 63.
Get the Latest Financial Information
Coface's financial calendar indicates that the H1-2025 results will be released after market close. Stay informed about the latest developments and updates by visiting Coface's website, where you can access all pertinent financial information.
Frequently Asked Questions
What is the purpose of Coface's new syndicate at Lloyd's?
The syndicate aims to enhance Coface's offerings in trade credit insurance, allowing the company to provide AA-rated solutions to clients.
When is the new syndicate expected to commence operations?
Coface anticipates that the syndicate will start underwriting in 2025.
Who leads Coface?
Xavier Durand is the Chief Executive Officer of Coface, guiding the company through its strategic initiatives.
What type of insurance solutions does Coface offer?
Coface provides a wide range of solutions including Trade Credit Insurance, Business Information, and Debt Collection services.
How can clients contact Coface for information?
Clients can reach out to dedicated representatives, such as Thomas Jacquet or Rina Andriamiadantsoa, for inquiries regarding the new syndicate or Coface's services.
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