By ICBA staffICBA Chairman Emmanuel Portier & Michel Mollard EULER HERMES GROUP Board Member (click on the photo to see a slideshow of the evening)

Paris au Printemps! What better place to celebrate the 10^th anniversary of the ICBA than by returning to the city where it all began. Taking time out from their annual general meeting & conference ICBA members hosted executives from leading insurance companies at the George V Hotel in an evening celebrating the growth and success of the ICBA, a unique group of individually owned and operated credit insurance brokerages.

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Excerpt from ICBA Advantage Issue 5 – Winter 2009/10Corine Troncy

Coface, based in Paris, France, with 130,000 clients worldwide and a direct presence in 67 countries, recently introduced its “New Deal” giving clients more flexibility in the managment of portfolios and increasing dialogue among risk underwriters and clients. Improved transparency allows Coface to show clients how the company monitors accounts, identifies portfolio quality, and helps Coface be extra agressive in underwriting clients’ limits. Corine Troncy is Global Sales & Business Development Director, Coface Holding.

Question: Since the credit crisis began in 2007, Coface has maintained excellent guarantees, totalling €364 billion mid-way through 2009. Coface also reports improvements to its risk profile. How do these measures benefit customers?  

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Excerpt from ICBA Advantage Issue 2

At the 2009 Coface Country Risk Conference, corporate, governmental and financial executives, who make decisions about export and risk in new markets, discussed the effects of downgraded country credit ratings across the globe.

Coface defines a credit crisis as a significant worsening in companies’ payment behaviour.

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