SCOR Group, France’s largest reinsurer, posted impressive 45 percent premium income gains for the third quarter to € 3.477 ($3.1 billion). The figures include premiums attributable to the recently acquired SCOR LIFE RE, and Sorema which were consolidated with SCOR’s …
As the reinsurance industry gears up to replace a good portion of the capital lost in the Sept. 11 attacks, companies are seeking to place themselves in a position to profit from the expected surge in demand and resulting increases …
France’s AXA reported that global consolidated revenues for the first nine months of the year totaled €55.539 billion ($49.429 billion), a 2.5 percent increase over last year’s comparable figures, despite a marked slowdown in the U.S. during the third quarter. …
The reinsurance industry is gearing up to replace a good portion of the capital lost in the Sept. 11 attacks, and companies are also seeking to place themselves in a position to profit from the expected surge in demand and …
Standard & Poor’s announced that it has affirmed all of its ratings on French composite insurer Groupama, except for two units which remain on CreditWatch with developing implications. S&P affirmed the single-‘A’ counterparty credit and insurer financial strength on the …
France’s AXA announced that it would reorganize its Investor Relations Department, following the announcement that longtime head Greg Wilcox will retire, effective January 1, 2002. Wilcox managed AXA’s acquisition of the minority shares of its U.S. subsidiary AXA Financial, and …
15 Months after a fiery crash in a Paris suburb brought its flights to an abrupt halt, Concorde, the world’s only supersonic commercial aircraft, took to the skies again on two celebrity flights from London’s Heathrow and France’s Charles De …
Major reinsurer Swiss Re released findings from its latest sigma study, “Profitability of the Non-Life Insurance Industry: It’s Back to Basics Time,” which showed that the slumping non-life insurance market must improve premium rates and underwriting results in order to …
According to a report in London’s Financial Times Switzerland’s Winterthur, the insurance arm of Credit Suisse First Boston, has reached an agreement to acquire the general insurance business of Prudential U.K. for around £450 million ($653 million). Winterthur has apparently …
Five months after an initial public stock offering, the controlling shareholders of international insurance broker Willis Group Holdings, led by management buyout firm Kohlberg Kravis Roberts & Co., have filed a registration statement with the SEC for a secondary public …
