Credit Insurers Raise Rates in Germany as ‘World Is on Fire’

Credit insurers have raised premiums by as much as 20 percent this year and may increase them more as defaults climb.

Credit insurance growing in popularity

More companies are turning to credit insurance to protect themselves during the economic downturn

News > Newsitems

Intrum and Coface join forces

11-12-2009

Debt collection business Intrum Justitia has entered a joint venture with credit insurer Coface in France to collect debts from consumers.

The purpose is to jointly run a consumer collection business in the country, which is currently owned by French Coface subsidiary Coface Services. The joint venture will be based in Lyon and have 50 employees. Coface Services provides credit information and credit services.

"This alliance is in line with our growth strategy and gives us an excellent opportunity to further strengthening our position in the French market," said Lars Wollung, chief executive and president of Intrum Justitia.

"This strategic alliance allows us to even better meet market requirements for effective and innovative solutions. It will lead to improved anticipation of consumer payment behaviors and thus bring enhanced performance to our clients in debt collection services", added Pascal Labrue, regional managing director, Southern Europe.

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News

Intrum and Coface join forces

Intrum Justitia and Coface, joint venture in France to collect debts from consumers

German buyers call on credit insurers to provide capacity

The German commercial insurance buyers' association says that while it would welcome any move by the government to provide additional credit insurance capacity, it would prefer that insurers address the tightening conditions on their own.

Soaring insolvencies strike UK businesses (Credit Today)

The number of company liquidations rose by 15 %.

Heaviest Impact of the Credit Crisis yet to Come - Atradius

Awareness of the potential risks that can damage your business is essential to maintaining a healthy company. The credit crisis is highlighting the importance of protecting the most important organ of financial fitness, your cash flow.

Builders, shops and entertainment hit by downturn in UK

The construction and retail sectors, followed by leisure, have been picked by insolvency specialists as the sectors suffering most in the economic downturn.

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Our services News Newsitems In the press Credit Management & Economic News (RSS) Faq About us Contact Press Credit Insurers Raise Rates in Germany as ‘World Is on Fire’ Credit insurers have raised premiums by as much as 20 percent this year and may increase them more as defaults climb. Read more Credit insurance growing in popularity More companies are turning to credit insurance to protect themselves during the economic downturn Read more	News > Newsitems Intrum and Coface join forces 11-12-2009 Debt collection business Intrum Justitia has entered a joint venture with credit insurer Coface in France to collect debts from consumers. The purpose is to jointly run a consumer collection business in the country, which is currently owned by French Coface subsidiary Coface Services. The joint venture will be based in Lyon and have 50 employees. Coface Services provides credit information and credit services. "This alliance is in line with our growth strategy and gives us an excellent opportunity to further strengthening our position in the French market," said Lars Wollung, chief executive and president of Intrum Justitia. "This strategic alliance allows us to even better meet market requirements for effective and innovative solutions. It will lead to improved anticipation of consumer payment behaviors and thus bring enhanced performance to our clients in debt collection services", added Pascal Labrue, regional managing director, Southern Europe. < Terug	News Intrum and Coface join forces Intrum Justitia and Coface, joint venture in France to collect debts from consumers Read more German buyers call on credit insurers to provide capacity The German commercial insurance buyers' association says that while it would welcome any move by the government to provide additional credit insurance capacity, it would prefer that insurers address the tightening conditions on their own. Read more Soaring insolvencies strike UK businesses (Credit Today) The number of company liquidations rose by 15 %. Read more Heaviest Impact of the Credit Crisis yet to Come - Atradius Awareness of the potential risks that can damage your business is essential to maintaining a healthy company. The credit crisis is highlighting the importance of protecting the most important organ of financial fitness, your cash flow. Read more Builders, shops and entertainment hit by downturn in UK The construction and retail sectors, followed by leisure, have been picked by insolvency specialists as the sectors suffering most in the economic downturn. Read more
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