Coface obtains Russian insurance licence

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10 June 2010

Coface has become the first international credit insurer to receive a Russian insurance licence.

The Russian state authority for insurance (FSSN) has granted a licence to Coface's Moscow-based subsidiary ZAO Coface Rus Insurance Company. Coface is the first international credit insurer to obtain its licence in Russia.

The Russian credit insurance market is estimated at Eu40 million and Coface is...

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