Claude Bébéar, AXA’s founder and head of its advisory board, and its current CEO, Henri de Castries, were freed yesterday after each posted a 2 million franc ($258,000) bond. The two business leaders remain under investigation, however, in connection with …
The London insurance market achieved two significant milestones recently with the admission to Lloyd’s membership of three non-U.K.-based brokers, and the launch of Ins-sure Services, Ltd., which will assume the responsibility of managing back office procedures for both Lloyd’s and …
The ongoing negotiations between AXA, France’s largest insurer, and Germany’s Deutsche Bank have apparently ended without reaching any agreement for an alliance. I
SCOR, France’s largest reinsurer, announced that it had completed the purchase of Sorema S.A. and Sorema North American Reinsurance Co. from their parent company, French mutual insurer Groupama. Groupama will receive 6.37 million shares of SCOR, valued at € 54 …
The London insurance market achieved two significant milestones recently with the admission to Lloyd’s membership of three non-U.K.-based brokers, and the launch of Ins-sure Services Ltd., which will assume the responsibility of managing back office procedures for both Lloyd’s and …
The St. Paul Companies’ reinsurance unit, St. Paul Re, joined the inreon platform, launched last December by Munich Re and Swiss Re, to offer reinsurance products online. Initially, St. Paul Re will provide capacity for European facultative property risks supported …
France’s AXA Group and its U.S. Subsidiary, AXA Financial, Inc. announced that Christopher M. “Kip” Condron has been named to succeed Edward D Miller as the new President and CEO of U.S. operations. He will also become a member of …
France’s AXA Group posted total consolidated revenues of € 20.6 billion ($18.3 billion) for the first quarter of 2001 a 4.3 percent gain over last year. The company broke down its revenue streams as follows: – Life & Savings – …
Lawyers for the families of the victims of the Concorde crash near Paris last July have agreed on the terms of a settlement with Air France and its insurers La Réunion Aérienne. Although the exact terms haven’t been disclosed, most …
The St. Paul Companies’ reinsurance unit, St. Paul Re, has joined the inreon platform, launched last December by Munich Re and Swiss Re, to offer reinsurance products on-line. “Initially, St. Paul Re is providing capacity for European facultative property risks …
