AXA and Coface sign credit insurance partnership agreement
In line with the terms of this agreement and following approval by the relevant authorities, Coface takes a 40% share in AXA
In line with the terms of this agreement and following approval by the relevant authorities, Coface takes a 40% share in AXA
Coface Scrl has just been accredited with ISO 9001 certification, version 2000, for the provision of economic, financial and commercial information deriving from its database on metropolitan French companies.
French manufacturers' confidence this month unexpectedly dropped to the lowest level since November 2001, increasing the chances that Europe's third-largest economy failed to grow in the second quarter.
The French credit insurance company Euler-Sfac said yesterday that the number of company defaults in France is likely to show a 7 per cent rise for 2003.
Valtech, the French global group of Advanced Technology Solution Centres, has transformed its main line of credit in France into a factoring agreement resulting in the level of financial debt reducing by Ђ1.1 million over the past 3 months.
France's main banking regulator approved a Ђ19.5bn (US$21.2 bn) merger between Credit Agricole and Credit Lyonnais on condition the banks sell branches and halt expansion in certain parts of France.
The Paris office of Mayer, Brown, Rowe & Maw has recruited a team of corporate lawyers from SG Archibald, a firm that has been part of the Arthur Andersen network since 1993.
A.M. Best Co. has affirmed the financial strength rating of A++ (Superior) of Assurances Generales de France (AGF), France, and its core subsidiaries, Assurances Generales de France IART and Assurances Generales de France Vie.
The Cabinet on Wednesday approved a proposal to spur business growth in France by tripling tax breaks for investors in small businesses and fostering cash injections to start-up firms.
Christian Rocheteau has been appointed chairman of the board of directors of Gras Savoye Langlois SA, the factoring and credit-insurance division of the Gras Savoye Langlois French insurance group.