AXA’s U.K. operations will finally have a new CEO when Dennis Holt, currently the head of retail banking for Lloyds TSB, takes over as Group Chief Executive on September 1st. Holt’s selection ends a search for a new CEO which …
What did you know, and when did you know it?” Those questions from the Watergate era are increasingly being asked of the U.K.’s Financial Services Authority, which oversees the country’s insurance industry, in the wake of the spectacular meltdown of …
Standard & Poor’s today affirmed its “AA-” counterpary credit and insurer financial strength ratings on Dutch companies Royal Nederland Schadeverzekering N.V., Royal Nederland Levensverzekering N.V., and London Verzekeringen N.V. (together known as the Royal Nederland Verzekering Group; RNV). All ratings …
Tokio Marine & Fire Ins. Co, Japan’s largest p/c insurer, and global giant Swiss Re announced that they “have arranged a USD 450 million cat risk swap to cover losses from three natural perils.” The swaps, each of which is …
“What did you know, and when did you know it?” Those famous questions from the Watergate era could well be applied to the growing controversy between the U.K.’s Financial Services Authority and France’s Commission de Contrôle des Assurances (CCA) over …
On June 12, French police detained and questioned AXA’s Management Board Chairman Henri de Castries and his predecessor, the company’s founder Claude Bébéar, who now presides over its Supervisory Board, about a massive tax evasion scheme involving former AXA subsidiary …
CGNU, Britain’s largest insurer, is in talks with the French group Mutuelles du Mans Assurances aimed at establishing a partnership arrangement which would strengthen its position in the French life and pension market, and bolster MMA’s and its subsidiary MAAF’s, …
On June 12, French police detained and questioned AXA’s Management Board Chairman Henri de Castries and his predecessor, the company’s founder Claude Bébéar, who now presides over its Supervisory Board, about a massive tax evasion scheme involving former AXA subsidiary …
Newark, California-based Risk Management Solutions has released “two comprehensive data products designed to quantify the risks associated with European windstorms.” The heavy losses, $14.4 billion ($7.8 billion insured), caused by the storms Lothar and Martin at the end of 1999 …
California Attorney General Bill Lockyer’s lawsuit against Crédit Lyonnais (CL) and a number of other defendants, filed Tuesday in San Francisco, is the latest legal action involving the French bank and its business partners, who took over California’s failed Executive …
