An Air France plane with 228 people on board disappeared over the Atlantic Ocean on its way from Brazil to Paris on Monday after hitting strong turbulence and French officials said they feared a disaster. The Brazilian air force said …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Navigators Insurance Group, which is comprised of Navigators Insurance Company and its wholly owned and 100 percent reinsured subsidiary, Navigators …
Banks will be more closely scrutinized under European Union plans unveiled on Wednesday to apply lessons from the credit crunch and better protect investors shaken by the worst financial crisis in decades. The European Commission’s plans form a core plank …
France and Germany suggested on Monday that rich nations should collectively guarantee deep cuts in greenhouse gases by 2020 while giving flexibility to laggards such as the United States to catch up later. France said the idea, floated at talks …
The European Union and China hope to relaunch their political and economic relations at a summit on Wednesday and create a “new global order” to combat the financial crisis, dwindling world trade and climate change. The last scheduled EU-China summit …
With its acquisition in early 2009 of the international business of GAB Robins (excluding its UK operations) and the U.S. forensic engineering firm, EFI Global, Cunningham Lindsey became the second largest property casualty insurance claims adjusting and risk management firm …
The man who is letting insurance giant State Farm exit the state, which some fear will foster a property insurance disaster in Florida, gave the insurer an award this week for innovation and disaster mitigation. State Farm was recognized by …
More European insurers unveiled writedowns on their investments in a second wave of first-quarter results on Thursday, although some said sales were proving relatively resilient. Analysts said investors were left with something of a mixed picture, with signs of improving …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of AXA Assurances Inc. Of Montreal, Quebec and its wholly owned subsidiaries, AXA Insurance (Canada), AXA Pacific Insurance Company, AXA …
Munich Re announced first quarter 2009 profits of €420 million ($560 million), compared to €777 million ($1.035 billion) in the same period of 2008. However, the Group’s bulletin forecast premium increases in 2009. CFO Jörg Schneider stated: “In view of …
