According to reports appearing in the Times of London, and France’s financial newspaper Les Echos, the world’s largest broker, Marsh & McLennan, plans to expand its operations in the U.K. and on the continent. The Times cited Dan Jones, head …
Plans to create a truly pan-European insurance company out of Eureko, up to now a rather loose partnership of eight European insurers, advanced significantly on Monday with the the announcement that Banco Commercial Portuges (BCP) and Holland’s Achmea will merge …
AGF’s announcement that it would launch an on-line p/c insurer, OKassurance, on July 3 validates the promise, made last March, to create France’s first such site The third largest French P/C insurer, which is 51 percent owned by Germany’s Allianz, …
Standard & Poor’s recently made announcements affirming the credit ratings of the French and U.K. insurers as follows: AXA – The report on France’s AXA Group affirmed its extremely strong financial position – Double A for both counterparty credit and …
According to reports which appeared in the Times of London, and France’s financial newspaper Les Echos, the world’s largest broker Marsh & McLennan (Marsh,Inc.) plans to expand its operations in the U.K. and on the continent. The Times cited Dan …
AXA Financial, Inc. (AXF) and Alliance Capital Management L.P. (AC), both U.S. based subsidiaries of France’s AXA Group, have entered into an agreement to acquire substantially all of the assets and liabilities of Sanford C. Bernstein, Inc., the largest value-oriented …
A veritable who’s who in the insurance industry attended the two day conference in Paris organized by Oakland based EQE International and EQECAT, Inc. its catastrophe modeling arm, to hear an exhaustive review of “Insurance Risk Quantification.” The 140 people …
Assurances Generales de France (AGF), a majority owned subsidiary of Germany’s Allianz, has signed an agreement with leading French Web service technology provider Fi SYSTEM to work on the insurer’s web site, OKassurance.com. Fi SYSTEM will be responsible for setting …
The passage of the Gramm-Leach-Bliley Act marked a watershed in U.S. financial regulation, opening up the banking, insurance and securities sectors to cross-holdings and business combinations after almost 70 years of separation. Most segments of the insurance industry praised the …
Sven Kado has been appointed chairman of MMC Germany, a subsidiary of MMC, the global Marsh operating company. He will be responsible for coordination between the heads of MMC’s German companies, Marsh GmbH, William M. Mercer GmbH and Mercer Management …
