François: Well, we’ve finally turned the corner this year. Premium rates are on the upswing—about time too, we couldn’t survive another 1999. Mike: C’mon François, you said the same thing last year and the year before that. Of course you …
As Internet use increases, both individuals and businesses face a growing number of legal dilemmas. Is lost electronic data “property damage” within the meaning of a standard insurance policy? What’s the extent of protection for copyrighted material when it’s disseminated …
At the end of August, AXA Financial (AXF), the unit of France’s AXA Group that controls its U.S. subsidiaries, agreed to sell its 71 percent stake in the investment bank Donaldson Lufkin and Jenrette (DLJ) to Credit Swiss First Boston …
Lloyd’s is adapting to modern business methods and upgrading its business systems so rapidly that it promises to meet, if not surpass, the vision that Chairman Max Taylor first set out in “Priorities for Growth” in 1999. Taylor shared other …
Last August, American Re, a subsidiary of Germany’s Munich Re-the world’s biggest reinsurer-agreed to acquire American Insurance Service Inc. (AIS) and its United National Group (UNG) with assets of an estimated $500 million. Although the all-stock deal was straightforward from …
As most people with experience in the movie industry could tell you, it’s an easy way to lose a lot of money. That may happen to several insurance companies, notably France’s AXA, if they lose the lawsuits that have been …
Ecoli bacteria in beverages, cyanide in capsules, salmonella contamination in meat, mislabeled products, threats to spread harmful rumors about a product-these and similar hazards create a crisis situation for a company and can result in serious consequences, forcing product recalls …
As most people with experience in the movie industry could tell you, it’s an easy way to lose a lot of money. That may happen to several insurance companies, notably France’s AXA, if they lose the lawsuits that have been …
Kidnapping, wrongful detention and all kinds of extortion demands are definitely on the rise. So says Diane Borden, AIG Europe Vice President and head of the crisis management unit at American International Underwriter’s Paris office. “It’s a growth industry throughout …
Kidnapping—seizing and holding people for a money payment; wrongful detention—when someone’s held for political reasons, and all kinds of extortion demands, are definitely on the rise,” said AIG Europe Vice President Diane Borden, head of the crisis management unit at …
