Latest France Headlines
All the headlines from our France Topic Page, ordered by recency.
French Insurer AXA Plans to Cut Dividend by 50% on COVID-19 Impact
Jun 3 2020 // French insurer AXA plans to cut its dividend to 0.73 euros per share from a planned payout of 1.43 euros, the firm said on Wednesday, in order to preserve cash amid the coronavirus pandemic. AXA added that it could...
French Court Orders AXA to Pay Restaurant’s COVID-19 Business Interruption Losses; AXA Vows to Appeal
May 22 2020 // A Paris court ruled that insurer AXA must pay a restaurant owner two months’ worth of coronavirus-related revenue losses, the restaurateur’s lawyer said on Friday, potentially opening the door to a wave of...
Report: Financial Community Sees Climate Risk as Improperly Priced
May 21 2020 // Climate risk is widely seen in the financial community as being improperly priced. A recent survey with an emphasis on the financial sector shows the overwhelming majority of respondents think that climate risk has only...
Amazon’s French Warehouses to Reopen After Ending Virus Safety Dispute with Workers
May 18 2020 // Amazon’s French warehouses are set to reopen on Tuesday with about 30% of employees, three union officials said, ending a month-long dispute over whether the e-commerce giant was doing enough to protect workers from...
Ed Broking Launches E-Trading Platform Called ‘TradEd’ in Bermuda
May 18 2020 // Ed Broking, the London-based reinsurance, wholesale and specialty broker, announced the external launch of its TradEd portals for carriers and clients in Bermuda. TradEd, the e-trading platform that is used in-house by BGC...
Europe Faces Sweltering Summer with Below-Average Rainfall: Scientists
May 18 2020 // Europe is set for a sweltering and tinder dry summer this year, posing trouble for farmers, utilities and transportation on inland waterways. That’s the conclusion of scientists at the Copernicus Climate Change...
AXA Unit to Offer Medical Consultations to Guests of French Hotel Group Accor
May 15 2020 // AXA and French hotel group Accor have formed a strategic partnership to provide medical support to guests staying at Accor’s 5000 hotels worldwide. As soon as July 2020, Accor’s guests will be able to benefit...
Exor Plays Hardball with French Insurer Covéa as PartnerRe Deal Collapses: Opinion
May 14 2020 // Renege on a deal with the Agnellis and you can expect to pay for it. Scion John Elkann has refused to renegotiate the Italian family’s $9 billion sale of its reinsurance business after the buyer, French mutual...
French Mutual Covéa Scraps $9 Billion Purchase of PartnerRe from Exor
May 12 2020 // French insurer Covéa has walked away from its planned $9 billion purchase of PartnerRe, the Bermuda-based reinsurer owned by Exor, the holding firm of Italy’s Agnelli family, saying it could no longer buy under the...
French Court Keeps Limits in Place for Amazon Deliveries, in Victory for Its Workers
Apr 24 2020 // A French court on Friday rejected Amazon‘s appeal against a ruling that restricts what it can deliver during the coronavirus crisis, handing a victory to unions which had criticized the U.S. e-commerce giant’s...
French #MeToo Milestone: Court Orders Dentist to Pay Damages for Sexual Harassment
Apr 24 2020 // A dentist was ordered by France’s top court to pay damages for sexually abusing a female assistant after the man was cleared of related criminal charges. In a milestone ruling last month, the Cour de Cassation said...
Amazon Extends French Warehouse Closures on COVID-19 Safety Dispute with Workers
Apr 20 2020 // Amazon will keep its six warehouses in France closed until at least April 22 after a stand-off with unions over sanitary conditions amid the coronavirus outbreak, it said on Sunday. The Seattle-based e-commerce giant has...
Notre Dame Restoration Halted by France’s Coronavirus Lockdown
Apr 20 2020 // Notre Dame Cathedral stands crippled and alone, locked in a dangerous web of warped scaffolding one year after a cataclysmic fire gutted its interior, toppled its famous spire and horrified the world. Some of the 40,000...
Amazon Shuts Warehouses in France over Worker Safety During COVID-19 Crisis
Apr 17 2020 // Amazon has no clarity yet on when its warehouses in France might reopen, the head of its French business said on Thursday, after the e-commerce giant clashed with unions over the measures taken to limit the risks of...
French Insurers to Contribute $216M to Coronavirus Solidarity Fund for Businesses
Mar 23 2020 // French insurance lobby FFA said on Monday insurers would contribute up to 200 million euros ($216 million) to funds set up by the government to help companies deal with a significant drop in activity due to the coronavirus...
European Insurers’ Coronavirus BI Claims Likely to Be Limited: Moody’s, ABI
Mar 20 2020 // Insurers in the UK, France and Germany are likely to face only moderate business interruption (BI) claims as a result of the coronavirus outbreak because pandemic-related claims are excluded from most business interruption...
Coronavirus Drives Patients to Online Doctors, Spurring Telemedicine Sector
Mar 13 2020 // The new coronavirus that’s forcing lockdowns and roiling economies is spurring a silent revolution in the field of telemedicine. As COVID-19 spreads across Europe, leaving new patients in its wake, the fear of...
French Court Deals Blow to Uber by Giving Drivers Employee Status
Mar 5 2020 // France’s top court has recognized the right of an Uber driver to be considered an employee, a ruling that could upend the U.S. firm’s business model and potentially require it to pay more taxes and benefits...
EXOR to Sell PartnerRe to French Insurer Covea for $9 Billion
Mar 4 2020 // EXOR has agreed to sell PartnerRe to French mutual insurer Covéa, a move that is turning out to be a very profitable thing for the Italian investment firm. EXOR bought the Bermuda-based reinsurer in March 2016 for $6.72...
Arch Capital to Buy 29.5% Stake in French Credit Insurer Coface
Feb 25 2020 // Arch Capital Group Ltd. has entered into a share purchase agreement with Natixis regarding the acquisition of a 29.5% stake in Coface, a France-based trade credit insurer. The transaction will be completed at a price of...
