When the AXA Supervisory Board met on February 27, 2008 to review AXA’s 2007 financial statements, prepared by the Management Board (see related article), its members received official confirmation that Board Chairman Claude Bébéar has decided not to seek the …
Australia’s QBE Insurance Group announced that operating profit after tax for the year ended 31 December 2007 was up 30 percent to a record A$1.925 billion ($US1.786 billion). Other key highlights for the year were listed as follows: — Gross …
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) announced that the Irish government has approved a $2.4 million contribution to the Caribbean risk pooling fund. “The contribution is the latest addition to the donor fund supporting the CCRIF, which was launched …
AXA Art, the specialty branch of France’s AXA Group that offers coverage for art works, has issued a bulletin “offering to conduct security protocol assessments of museums in its key markets. The goal is to identify weaknesses and to provide …
A.M. Best Co. and Standard & Poor’s Ratings Services have taken slightly different views of France’s AXA Group’s agreement to purchase 100 percent of the share capital of the ING Group’s Mexican insurance subsidiary ING Seguros, for $1.5 billion (app. …
Risk Management Solutions (RMS) announced the launch of “the first parametric index for assessing insured industry losses from windstorms in Europe.” The new model -” Paradex Europe Windstorm” – combines “wind speed measurements in specific locations with industry exposure data, …
France’s SCOR Group said it has reached its objective for “successfully consolidating two strong independent reinsurance groups into one leading franchise at this year’s January renewals.” 78 percent of the Group’s combined non-life reinsurance treaties were successfully renewed. SCOR listed …
France’s AXA Group has concluded an agreement to purchase 100 percent of the share capital of the ING Group’s Mexican insurance subsidiary ING Seguros, for $1.5 billion (app. €1 billion). ING Seguros is the third largest Mexican insurer with approximately …
Marsh has appointed Jonathan Groves as Leader of its Captive Consulting Practice for Europe, Middle East and Africa (EMEA). He will be based in London, and will have overall responsibility for new business, team management and the development of captive …
France’s AXA Group announced that it has entered into an agreement to acquire its Turkish partner OYAK’s fifty percent share in AXA OYAK Holding A.S., a company they established jointly in 1999. AXA said it will pay a purchase price …
