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VR Factorem exceeds its 2010 goals

Cooperative Institute factoring company increases sales to € 2.3 billion (more…)

#bank#banks#insurance

Amerika Financiera SA to merge with its factoring subsidiary

Amerika Financiera SA merges with America Factoring Finance SA (more…)

#insurance


Coface won’t open European rating company

Coface SA, the credit-insurance unit of Natixis SA, dropped a plan to open a European ratings company... (more…)

#insurance#Natixis


More Chinese firms to adopt credit insurance

An increasing number of Chinese firms are adopting credit insurance as a tool to manage credit risk... (more…)

#credit risk#insurance#international


Clal Factoring appoints new CEO

Former CEO of Clal Financing Factoring Ltd., Shlomi Sarid, has been appointed as CEO of Clal Credit Insurance. His position…

#economy#i#insurance


BofA sells credit insurance arm

Bank of America Corp. said on Thursday it is selling its Balboa Insurance Co. business to QBE Insurance Group. (more…)

#bank#Bank of America#China Construction Bank


Tunisia Factoring ties with Ben Ali clan under investigation

Tunisia Factoring via its relationship with the Ben Yedder family is under investigation... (more…)

#insurance#investment


Huawei receives $270 million invoice discounting facility

Large, duel funded invoice discounting facility for Chinese telecoms firm Huawei announced. (more…)

#bank#Bank of China#insurance


Factoring leads Coface back to profit

All Coface indicators are green on the 3rd quarter: - net profit for 2010 at EUR 60m, including factoring at EUR…

#insurance#international#management


Number of insolvency procedures in Hungary grow at slower...

The number of insolvency procedures at Hungarian companies grew at a slower rate in January-September, climbing 18% to 24,376... (more…)

#conference#insolvency#insurance


Atradius announces a new commercial head of their UK...

Trade credit insurer Atradius announces Alun Sweeney as the new commercial head of their UK and Ireland business.Alun Sweeney brings…

#Atradius#insurance#international


Coface announces half year results

Coface has reported a positive result for the first half of the year, announcing an operating profit of (more…)

#crisis#insurance#management

Atradius announces new management board structure

Peter Ingenlath, currently Vice Chairman and Chief Risk Officer (CRO)... (more…)

#Atradius#credit protection#insurance

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