A.M. Best Co. has placed the A (Excellent) rating of Independent Insurance Co. Ltd. under review with developing implications. The rating action reflects the release of a trading statement on Feb. 8 in which the company revealed an expectation of …
Experts agree that the world’s climate is changing, but the debate continues about the causes and consequences. Multiple interactive factors are involved. The oceans warm and cool, the sun goes through an 11-year cycle, high altitude winds and ocean currents …
France’s AXA Group confirmed the sale of wholly owned subsidiary Banque Worms to Germany’s Deutsche Bank for an undisclosed amount. The sale, scheduled to be completed before April 15, 2001, is ” in line with AXA’s original intention,” said the …
France’s AGF, 51 percent of which is owned by Germany’s Allianz, posted strong growth in premium income in all sectors for the year 2000. Overall premium income rose 17.8 percent in 2000 to €15.74 billion ($14.78 billion) led by a …
Last summer’s tragic Concorde crash continues to produce heartache as the lawsuits multiply and negotiations break down. Settlement talks between the lawyers for the victims’ families and Air France and its insurers, la Réuniuon Aerienne*, are currently stalled. Lawsuits have …
Last summer’s tragic Concorde crash continues to produce heartache as the lawsuits multiply and negotiations break down. Settlement talks between the lawyers for the victims’ families and Air France and its insurers, la Réuniuon Aerienne*, are currently stalled. Lawsuits have …
AGF, the French subsidiary of Germany’s Allianz, announced that its AGF MAT unit had purchased the remaining 51 percent of Westminster Aviation Insurance Group from France’s Groupama-Gan, giving it 100 percent of the specialist aviation insurance management company. WAIG is …
Britain’s Daily Telegraph reported that insurance giant CGNU has become disenchanted with is 7 percent holding in French Bank Société Générale, following failure to make further progress on an alliance, and will seek to dispose of part of its holdings. …
Jean Peyrelevade, the Chairman of French bank Credit Lyonnais, has indicated he will bring a libel action in a French Court against The Economist magazine over allegations that he was aware of irregularities involving the bank’s transactions concerning California’s Executive …
French aviation authorities have given Air France permission to fly one of its supersonic Concordes (at subsonic speeds) to an airbase near Marseilles for two weeks of intensive testing in the hopes that the aircraft can regain its airworthiness certificate. …
