France’s SCOR Group has received final approval to start operating a Property and Casualty branch in Beijing from the China Insurance Regulatory Commission (CIRC). The endorsement of SCOR’s request to set up a nationwide non-life reinsurance operation will enable the …
Zurich Financial Services Group announced that it will expand its services for corporate customers in Norway and Denmark through the establishment of two new branches of Zurich Insurance Ireland Limited (ZIIL), its principal subsidiary for the European Union. ZIIL, which …
International professional services firm Towers Perrin announced that it is expanding its reinsurance intermediary business to serve the French domestic market. It has appointed Serge Mussard as Managing Director of its new reinsurance operation, and Daniel Schlegel as Executive Director. …
$6.5 Billion Amount U.S. property casualty insurers are expected to pay homeowners and businesses for property losses last year from 23 catastrophes — the eighth lowest cost in a decade, according to Insurance Services Office. Forty-one states were affected by …
The main management consultant and contractor on Boston’s $15 billion Central Artery/Tunnel Project (Big Dig) has agreed to pay more than $407 million to resolve civil and criminal liabilities in connection with the partial ceiling collapse and other defects in …
Risk Management Solutions gave details of the recent analysis it conducted for a securitization of windstorm risk in France. The securities were issued through Green Valley Ltd., a special purpose vehicle (SPV), and provide €200 million ($298 million) of collateralized …
Allstate Insurance Co. has agreed to pay $995,000 to a Brooklyn couple who claimed their house was badly damaged by vibrations caused by an Air France Concorde jet nearly five years ago. The couple, John and Annette Ferranti, initially won …
Swiss Re announced that it has successfully structured and placed €200 million ($294 million) of securities covering windstorm events in France. The deal forms part of a three-year reinsurance agreement between Swiss Re and Groupama S.A. Swiss Re Capital Markets …
France’s SCOR Group announced that it has opened a representative office in Johannesburg, South Africa, as part of its “strategic development plans for the English and Portuguese speaking markets on the African continent.” SCOR said the new facility is “in …
Dublin-based Research and Markets has added “Insurance in Europe” to their offering. The study gives an industry profile, which R&M describes as “an essential resource for top-level data and analysis covering the insurance industry. It includes detailed data on market …
