23.12.2021

Hesketh Henry assists Coface to obtain NZ insurance licence

Hesketh Henry is delighted to have assisted Compagnie Française D’assurance Pour Le Commerce Extérieur (Coface) with being granted a licence to carry on insurance business in New Zealand.  Our team, led by Senior Associate, Sarah Gibbs and supported by Solicitor, Christine Leung with critical oversight from Partner, Erich Bachmann and  Consultant, Brett Morley, worked closely with Coface and the Reserve Bank of New Zealand during the application process.  Hesketh Henry also advised Coface in relation to the structuring and establishment of its business in New Zealand together with associated advice on financial services compliance aspects.   

We take this opportunity to congratulate Coface and look forward to continuing to assist our client with the establishment and expansion of its business in the New Zealand market. 

This work continues Hesketh Henry’s leading role in the insurance sector.  Our internationally recognised insurance practice group is one of New Zealand’s largest and most experienced insurance advisory and litigation teams acting for a number of well-recognised local and offshore insurance companies together with smaller niche insurers.  If you would like to connect, please get in touch with our Business Advice or Insurance team or your usual contact at Hesketh Henry. 

About Coface: The Coface Group was established in 1946 as a specialist export credit insurance company and has provided trade credit insurance services for over 70 years.  Headquartered in France, Coface is a global Leader in credit insurance and has a presence directly or via strategic partnerships in 100 countries, with the ability to provide cover for its clients in approximately 200 countries by way of its worldwide network.  The Coface Group is also present in the factoring and surety bond markets in select countries and also sells information and debt collection products.  In New Zealand, Coface intends to offer credit insurance, information and debt collection products.

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