Reinsurance Agreement between NEXI
and Compagnie Française d’assurance pour le commerce extérieur (Coface)

Nippon Export and Investment Insurance (NEXI) signed a reinsurance agreement with Compagnie Française d'assurance pour le commerce extérieur (Coface), the French private credit insurance company, on April 1, 2014.

 

Coface is a major commercial insurer in the global credit insurance market that helps businesses to mitigate risks associated with their international transactions. Many of the Japanese companies expanding overseas are using services of private credit insurers including Coface.

 

Under the Coface/NEXI Reinsurance Agreement, NEXI and Coface create a comprehensive cooperation scheme on short-term credit insurance available for transactions in 96 countries outside Japan. This enables NEXI to provide with cover capacity in most of the countries where Japanese corporates operate with affiliates. This will be achieved by policies issued by Coface and partially reinsured by NEXI.

 

To promote the new service provided under the Reinsurance Agreement, Coface and NEXI are planning to hold joint seminars on a frequent basis in overseas countries as needed where Japanese affiliates are operating.

 

NEXI has reinsurance agreements with ECAs globally as well as Japanese and European private insurers. NEXI will continue to offer active support to global business of Japanese companies. For more information and inquiry on the Coface insurance supported by NEXI reinsurance, please contact Reinsurance Underwriting Group, Underwriting Department, NEXI.

 

(About Coface)
The Coface Group, a worldwide leader in credit insurance, offers companies around the globe solutions to protect them against the risk of financial default of their clients, both on the domestic market and for export. In 2012, the Group posted a consolidated turnover of €1.6 billion. 4,400 staff in 66 countries provide a local service worldwide. Each quarter, Coface publishes its assessments of country risk for 158 countries, based on its unique knowledge of companies' payment behaviour and on the expertise of its 350 underwriters located close to clients and their debtors. In France, Coface manages export public guarantees on behalf of the French state. Coface is a subsidiary of Natixis corporate, investment management and specialized financial services arm of Groupe BPCE.
www.coface.com