Last January, Prudential plc Chief Executive Jonathan Bloomer indicated he was still looking for opportunities in the U.S. The search culminated March 12 in Houston, Texas, with the announcement that Britain’s venerable “Pru” (no connection to America’s Prudential Insurance Co.) …
Last January Prudential plc Chief Executive Jonathan Bloomer indicated he was still looking for opportunities in the U.S. The search culminated March 12 in Houston with the announcement that Britain’s venerable “Pru”—which has no connection with America’s Prudential Insurance Co.—would …
A recent study released by Swiss Re, confirms that insured catastrophe losses for 2000 totaled $10.6 billion, falling significantly below those in 1999, which reached $32.9 billion.The survey also concluded that p/c reinsurance rates were on the rise, but warned …
France’s AXA announced results slightly above analysts’ forecasts on Wednesday, stating: “Net income rose 21.2% to an all-time high of Euro 2,261 million {$2.07 billion} from Euro 1,865 million {$1.706 billion} in 1999 (including goodwill amortization, excluding one-off items).” The …
French insurer AGF, which is 51 percent owned by Germany’s Allianz, had a banner year in 2000 with net income rising 26.7 percent to top € 845 million ($785 million). The group saw growth in all sectors, due in part …
A spokesman for La Réunion Aèrienne, the group of insurers* which covers Air France confirmed an earlier report Monday that they were close to reaching a settlement with the lawyers for the victims of the Concorde crash last July. No …
Holland’s ING Groep NV reported strong earnings increases in all sectors for the year 2000 with overall operating profit rising 24.8 percent to €4.01 billion ($3.7 billion). The results were in line with analysts expectations, and reflected the company’s recent …
CGNU’s recent announcement that it was selling 2 percent of its 6.8 percent holding in French bank Société Générale to its new partner UniCredito Italiano, marked the end of the line for its hopes to build a bancassurance network in …
Farmers in Britain and continental Europe are facing extremely serious consequences following the outbreak of the highly contagious foot-and-mouth disease in the U.K. Herds of cattle, sheep and pigs have been slaughtered and burned in 11 different farming regions. On …
XL Capital Ltd has agreed to purchase Winterthur International from Winterthur Insurance, a subsidiary of the Credit Suisse Group. The all-cash transaction is valued at approximately $600 million and will be funded by XL out of current resources. Winterthur International …
