The number of insolvencies decreased by 21% in 2016 compared to 2015, from 10,174 to 8,053 and with 54% compared to the average of the last 10 years. 2016 is the first year when the decrease frequency of the insolvencies phenomenon (their number) is accompanied by an decrease of its severity, according to the latest Coface study.
The Board of Directors of Coface announces the appointment of Xavier Durand as Chief Executive Officer01/15/2016
This appointment will become effective following the Board of Directors’ meeting to be held on 9 February to approve the accounts for fiscal year 2015. Jean-Marc Pillu will continue in his role as Chief Executive Officer of Coface until this date.