Results improve at Coface
Trade credit insurer Coface has announced an 8% increase in turnover to €764m (£672m) in the first half of 2011 (H1 2010: €708m).
The insurer said that its combined operating ratio improved to 78.3% in the first six months of 2011 compared to 90.8% in the same period of 2010.
It added that this had lead to an improvement in net income to €64m for the period (H1 2010: €29m).
In a statement the company said: "The results for the first half of 2011 confirm the recovery of Coface and the relevancy in the refocusing of credit insurance announced in March 2011.
"A complete strategic review of the business lines and activities
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