Coface: John Gaines of Arch Mortgage Insurance co-opted to the Board of Directors
The Board of Directors of Coface SA has co-opted John Gaines, executive of Arch Mortgage Insurance (United States), to replace Yves Charbonneau. The credit insurer announced this on November 2, 2026 at 5:45 p.m.
An actuarial career at Arch MI and United Guaranty
John Gaines serves as “Executive Vice President & Chief Actuary” of Arch Mortgage Insurance (Arch MI). There, he oversees the teams responsible for pricing, claims reserving and business systems.
He previously served as Chief Underwriting Officer of United Guaranty Corporation, a company acquired by Arch MI in 2016. There he held several executive positions, including Deputy Chief Risk Officer and Chief Operating Officer of the group's Canadian operations.
He holds a master's degree in mathematics from Clemson University (South Carolina) and a bachelor's degree in mathematics from Bob Jones University. He is also a Fellow of the Casualty Actuarial Society (FCAS).
A board still made up of 10 members, with an independent majority
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This co-optation does not change the composition of the Board of Directors of Coface SA. It still has 10 members, 5 women and 5 men, including a majority of 6 independent directors.
As Yves Charbonneau's seat goes to a non-independent director, the split between independent and non-independent directors remains the same as before this replacement.
« Coface anticipe que les défauts d'entreprise vont continuer à croître et a de nouveau augmenté le nombre de ses actions de prévention de manière significative » ; « Dans cet environnement toujours difficile Coface maintient un niveau de vigilance très élevé »
Risks mentioned
Corporate defaults remained at a record high, resulting in larger claims for credit insurance.
Rising interest rates and energy costs will continue to put pressure on the most indebted countries and companies.
Client activity continues to weigh on credit insurance and factoring, particularly in Poland.
Opportunities identified
Non-insurance activities growing by +10.0% with double-digit growth in Business Information (+15.3% with Cedar Rose acquisition).
New business reached a new record high of €105m, driven by increased demand and growth investments.
Client retention remains at a high level (93.1%) with improved client activity of +2.5% in 9M-26.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
