BNP Paribas, the French bank embroiled in plans to carve up struggling rival Fortis, posted an expected fourth-quarter loss and said market conditions would remain tough in 2009. France’s biggest bank by market capitalisation on Thursday reported a net loss …
A storm swept across northern France on Tuesday, cutting off more than 600,000 homes from the power grid, while high winds and gales hit Britain and Switzerland. It was the second major storm to hit France in less than three …
Catastrophe risk modeling firm AIR Worldwide has given its preliminary estimates of insured losses in France from winter storm Klaus of between €350 million and €700 million ($465 to $930 million). AIR noted that the “strong extratropical cyclone (ETC) made …
Catastrophe risk modeling firm AIR Worldwide has begun analyzing the damages wrought by winter storm Klaus, which, AIR notes, “swept out of the Atlantic and across southern France and northern Spain Saturday, tearing off roofs, toppling electrical and telephone towers, …
The most violent cyclonic storm since 1999 roared across southwest France and Northern Spain over the weekend, causing the deaths of 15 people and inflicting heavy damages on infrastructure. Four children aged from nine to 12 years were killed on …
XL Insurance announced from its office in Hartford that the Company has hired eight new field engineers for its worldwide property loss prevention services business, XL Global Asset Protection Services (XL GAPS). “The new risk engineers will meet the global …
For the past 100 years or so the election of a new American President has been more than just a local event. But the inauguration of Barack Obama as the nation’s 44th president has taken on a special importance. It …
Standard & Poor’s Ratings Services has lowered to ‘A-‘ from ‘A’ its long-term counterparty credit and insurer financial strength ratings on German life insurer Nuernberger Lebensversicherung AG and P/C insurer Nuernberger Allgemeine Versicherungs-AG, the core operating entities of Germany’s Nuernberger …
U.K.-based Robertson Taylor, the specialist global music and entertainment subsidiary of Lloyd’s insurance broker Oxygen, has expanded its Fine Arts Division with the appointment of Victoria France as managing director of fine arts. Based in the Los Angeles office, France …
The former official who filed a $225 million racial discrimination and sexual harassment lawsuit against NASCAR is very pleased with her settlement and looking forward to moving on, her attorney said Friday. Mauricia Grant reached a confidential settlement with NASCAR …
