Deborah Senn, Insurance Commissioner of Washington State, announced that she will hold a public hearing on Nov. 20 to assess the progress that European insurance companies are making in the international effort to compensate Holocaust victims and their heirs. Allianz …
As representatives from 150 governments gather in the Dutch capital, The Hague, to examine and discuss the state of the world’s weather, insurers are already taking note of the increasing instability in the global climate. The conference will review progress …
Local authorities believe at least 155 people, mostly young skiers, perished in a disastrous fire on Saturday in an Alpine tunnel in the Austrian Ski resort of Kaprun, near Salzburg. Flames from an unknown cause broke out when the train …
With the fast approaching Nov. 20 cutoff date for bids to acquire Equitable Life, the U.K.’s oldest mutual life insurer, it appeared that only one company, the U.K.’s Prudential, remained in the running. Its main rival, CGNU, apparently pulled out …
Chinese authorities have indicated they intend to license up to 12 foreign insurance groups upon China’s accession to the World Trade Organization (WTO). Under terms China agreed to in negotiations with the U.S. and the EU the insurance market was …
CGNU, the U.K.’s largest general insurer, reported mixed results for its activities during the first nine months of the year. Overall it posted a net pretax loss of £630 million ($914 million), compared to a net pretax profit of £844 …
AGF, the French subsidiary of Germany’s Allianz, reported gains in premium income in all sectors for the first nine months of the year. Numerous changes in accounting methods, and the composition of the group make it difficult to make an …
AXA Financial Group (AXF), the U.S. subsidiary of France’s AXA, which controls Equitable Life, Alliance Capital Management and AXA’s other U.S. interests, posted a 45 percent gain in operating earnings for the third quarter to $241 million on strong earnings …
Risk Management Solutions (RMS) of Menlo Park announced the creation of “Exposure Plus(TM),” which it describes as, “a tool for the creation of property exposure data for catastrophe risk analysis of European insurance portfolios” “Both insurers and reinsurers suffer from …
Deborah Senn, Insurance Commissioner of Washington, announced that she will hold a public hearing on Nov. 20 to assess the progress that European insurance companies are making in the international effort to compensate Holocaust victims and their heirs. Allianz AG …
