Arch Capital buys 29.5% stake in Coface

Bermuda’s Arch Capital has acquired a 29.5% stake in French trade credit insurer Coface from Natixis in a deal valued at €480m. Announcing the move, Arch said it does not intend to take a majority stake in Coface for 12 months after the current transaction closes. Commenting on the deal, ratings agency Moody’s said Arch’s investment is credit positive for…

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