France News

Jackson’s Death and Event Cancellation; Max Cap Rejected; Still Searching Air France Crash Cause; Den Dekker is New FERM

Michael Jackson’s untimely death, barely two weeks before he was to begin a long awaited series of 50 concerts stretching over eight months, has been the world’s top story. It’s also a story in London, where rumors, announcements, speculation and …

Insurance Agency Sued by New York AG over Old Oil Spill on its Land

Donald Forsythe and Fred Wilder, founders of Wilder-Forsythe Inc. insurance agency, picked an awful location to sell insurance. The small office building they bought in 1974 in the far-northern New York city of Ogdensburg sits on land, formerly a gas …

Zurich Names Schiavone to Head Global M&A

Zurich Financial Services Group has appointed Paul Schiavone (40, US citizen) to the position of Global Head of Mergers and Acquisitions for Global Corporate, with immediate effect. He will be responsible for developing and implementing the global strategy of the …

French Official Says No ‘Black Box’ Signals from Flight 447

A French official said sounds detected by search teams in the Atlantic depths are not those of Flight 447’s black boxes. The aide to France’s top transport official, Jean-Louis Borloo, said the “black boxes have not been detected.” The aide …

Albaret Joins Hunter Insurance in Rhode Island

Emmanuel Albaret has joined Manville, Rhode Island-based insurance agency, Hunter Insurance, Inc. as an account executive. Albaret specializes in commercial lines of insurance. He has seven years of experience in the insurance industry, working previously for two insurance agencies and …

Ratings Recap: Continental Re, Best Meridian, Al Fajer, Caisse Centrale Re

A.M. Best Co. has affirmed the financial strength rating of ‘B’ (Fair) and issuer credit rating of “bb+” of Nigeria’s Continental Reinsurance Plc, both with stable outlooks. “The ratings reflect Continental Re’s insufficient although improving risk management and insufficient security …

Air France Preparing First Payment to Crash Victims’ Families

Air France will compensate the families of the victims of a June 1 crash in which 228 people died, the company’s chief executive said on Friday. Flight AF 447 from Rio de Janeiro to Paris crashed into the Atlantic after …

No Conclusions Yet in Air France Flight 447 Crash Probe

French investigators said Wednesday more than 400 pieces of Flight 447 have been recovered in a painstaking search in the Atlantic but no conclusions have yet been reached in the probe. “If we had concluded or excluded something, we would …

Mystery Surrounds Air France Crash

Liability Claims to Come Could Exceed $1 Billion, Some Experts Predict The tragic disappearance of Air France flight 447 over the Atlantic early on June 1 remains a mystery. The plane’s 216 passengers and 12 crew members perished as all …

The Globalized Broker Network

Assurex Global Struck Gold with Partners Around the World Assurex Global Year Founded: 1954 Locations: 500 offices on six continents Employees: 20,000 Annual Premium Volume: $28 billion Annual Revenue: $3.4 billion Assurex Global wasn’t fully “global” until the late 1990s, …