FRANCE: UNISTRAT'S 2000 RESULTS AND ITS GOALS
Article Abstract:
Unistrat, a small player on the political risk scene in France, posted a turnover of EUR 33.2mn in 2000, up 20.2%. Backed by Coface, the credit insurance company, and by Scor, the French reinsurance giant, which each control half if its equity, Unistrat can have outstanding risk guarantees which are well above its turnover which come to EUR 2.5bn. Unistrat, which specialises in political risk, has extended its commercial risk activity thanks to Coface's support. According to Patrick Jolibert, the vice-president and managing director of Unistrat, the economic risk for an investment is covered by the contractors, while Unitstrat covers all outside events which could hinder the companies, deprive them of assets, or endanger the profitability of their investments. Although it is receiving requests from a growing number of small and medium-sized companies, Unistrat is especially targeting operations representing a large amount of money, which means that the risks shared with the London co-insurance and reinsurance market represent 40% of Unistrat's portfolio. It has a capacity of EUR 30mn per dossier, but it is still a lightweight in this sector, where AIG can have up to US$ 150m, and Lloyd's has a capacity of US$ 800mn.
Publication Name: MOCI
Subject: Business, international
ISSN: 0026-9719
Year: 2001
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FRANCE: MANAGERS OF INTERNET AND CLIENTS
Article Abstract:
The development of the Internet has led those managing clients (credit insurance and factoring) to create new tools and new services and to re-energise their marketing policy. Coface will offer less expensive rates on Internet, an @rating and Pack credit guarantee rating, a joint product with SCRL which includes information, collection, and credit insurance. Euler offers global credit insurance policies for marketplace organisers and is beginning to introduce packaged solutions. There are more extensive functions available on the Internet than on the Minitel. In the information and collection sector, the players positioned on added value services have developed services on the Internet. For factoring, Internet also offers on-line consultation and follow-up of client portfolios and accounts. In this domain, the purpose of geclic.com which GE Capital Finance launched in March 2001 is to enable its clients to obtain information which is vital for them.
Publication Name: MOCI
Subject: Business, international
ISSN: 0026-9719
Year: 2001
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FRANCE: AIG EUROPE, DUN & BRADSTREET PARTNER
Article Abstract:
AIG Europe, the Paris-based, European operation of the US insurance company, AIG, will launch a package including a credit insurance product and information services on companies. A specialist in large and medium businesses, AIG Europe targets small firms in France with this new offer, designed in partnership with Dun & Bradstreet which brings its skills in business information.
Publication Name: MOCI
Subject: Business, international
ISSN: 0026-9719
Year: 2000
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