AXA Financial, the U.S. subsidiary of France’s AXA Group, announced that it had completed the sale of its investment bank unit, Donaldson, Lufkin & Jenrette to Credit Suisse First Boston. There were no surprises. AXA Financial received approximately $2.3 billion …
The ongoing dispute between France’s AXA and its British policyholders took a new turn when a High Court judge upheld a consumer group’s right to challenge AXA’s proposed distribution of a portion of its “Orphan Assets, ” some £1.7 billion …
According to a BBC report, U.K. insurers’ preliminary estimates of the claims they may face from three days of high winds and rain, which have caused extensive damage in southern England, is put at around £200 million ($293 million). But …
In scenes reminiscent of last years deadly storms winds over 100 mph battered southern England Sunday night, downing trees and ripping the roofs off houses before moving across the channel to northern France with undiminished fury. Accompanied by heavy rains …
In a move calculated to streamline its operations in Australia and new Zealand, France’s AXA announced that it was combining the asset fund management operations of AXA Asia Pacific, in which it holds a 51 percent stake, with the Australian …
The annual summit meeting between the Chinese Government and the high level members of the European Union currently taking place in Beijing has so far failed to produce any new breakthrough which would assure China’s entry into the World Trade …
More trouble was announced this morning for Japan’s life insurance sector with the news that Kyoei Life Insurance, the nation’s 11th largest life insurer, is preparing to file for court protection. With total debts of $42.4 billion it becomes the …
François: Well, we’ve finally turned the corner this year. Premium rates are on the upswing—about time too, we couldn’t survive another 1999. Mike: C’mon François, you said the same thing last year and the year before that. Of course you …
The Department of Health’s Genetics and Insurance Committee (GAIC) has granted U.K. insurers permission to consider the results of genetic testing for Huntington’s Disease (also known as Huntington’s Chorea), a rare and usually fatal condition, that is genetically transmitted. The …
The week-long rains which caused heavy damages in Southern England have subsided there, but new storms over the weekend in the Alps caused swollen rivers to overflow and produced a number of mudslides destroying buildings and cutting transport links. The …
