# Coface Co-opts Arch Mortgage Insurance's John Gaines to Board, Replacing Yves Charbonneau

> Coface co-opted John Gaines, Arch Mortgage Insurance's chief actuary, as a non-independent director, replacing Yves Charbonneau on a board that stays at 10 members.

- Published: 2026-11-02T17:09:01+00:00
- Section: Leadership
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-02/coface-board-john-gaines-charbonneau
- Source: [TradingView](https://www.tradingview.com/news/globenewswire:4b9872eaa094b:0-coface-sa-john-gaines-joins-the-board-of-directors/)

## Key takeaways

- Coface's board co-opted John Gaines, Executive Vice President and Chief Actuary at Arch Mortgage Insurance, as a non-independent director.
- Gaines replaces Yves Charbonneau, and the board remains at 10 members, 5 women and 5 men, with 6 independent directors.
- Coface reported turnover of about €1.84 billion in 2025 and employed 5,511 people.

[Coface](https://akta.pro/company-profiles/0000tol/coface)'s board of directors co-opted John Gaines, Executive Vice President and Chief Actuary at Arch Mortgage Insurance, as a non-independent director, replacing Yves Charbonneau, the company said in a statement published by [TradingView](https://www.tradingview.com/news/globenewswire:4b9872eaa094b:0-coface-sa-john-gaines-joins-the-board-of-directors/). The board remains at 10 members, 5 women and 5 men, including 6 independent directors.

## Gaines's Actuarial Background at Arch MI

At Arch MI, Gaines oversees the teams responsible for pricing, claims provisioning and business systems. Before joining Arch MI, he was Chief Underwriting Officer at United Guaranty Corporation, which Arch MI acquired in 2016. He earlier held senior management roles at United Guaranty, including Senior Vice President – Deputy Chief Risk Officer, Senior Vice President – National Accounts, Senior Vice President – Operations, and Senior Vice President and Chief Operating Officer of the group's Canadian operations.

Gaines holds a master's degree in mathematics from Clemson University in South Carolina and a bachelor's degree in mathematics from Bob Jones University in Greenville, South Carolina. He is a Fellow of the Casualty Actuarial Society.

## Coface's Board Composition After the Co-option

Coface's board keeps a majority of independent directors at 6 of 10 members following the change. According to akta.pro [company records](https://akta.pro/company-data), the insurer appointed Anne-Sophie Chauveau-Galas as an independent director for a four-year term in May 2026, maintaining a 10-member board with 50% gender parity and majority independence. The same records list Bernardo Sanchez Incera as Chairman of the Board and Xavier Durand as Chief Executive Officer.

Coface reported turnover of about €1.84 billion in 2025, with 5,511 employees serving 100,000 clients across some 200 markets, according to the same records.

## Earlier Leadership Appointments at Coface

Coface appointed Dr. Annette Peitz Orzeszko and Jola Shuli to new leadership roles in its Nordeuropa executive committee in October 2026, [Aktien](https://akta.pro/news-signals) reported. Peitz Orzeszko will lead communications and lead generation, while Shuli will drive product and innovation management.

Coface named Zach Spencer as Head of Risk Underwriting for Asia Pacific, effective 1 October 2026, with the role based in Singapore, ReinsuranceNe.ws reported. He will oversee underwriting policies, portfolio monitoring and operational performance, reporting to Raphael Rousselot and Anca Dan.

## Coface's 2027 Financial Calendar

Coface scheduled its 2026 annual results for February 18, 2027, after market close, and its general meeting for May 19, 2027. First-quarter 2027 results are due May 10, 2027, after market close.

## Companies in this story

- [Coface company profile](https://akta.pro/company-profiles/0000tol/coface) · website: http://www.coface.com

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