Continuing heavy rains have caused serious flooding in southern France and throughout Italy, with little letup in sight. In western England an horrendous crash on the M25 motorway in Somerset, involving 34 cars and trucks, left seven people dead and …
The leaders of Germany and France told Greece on Wednesday it would not receive another cent in European aid until it decides whether it wants to stay in the euro zone. They also made clear that saving the euro was …
Filhet Allard, the 6th largest corporate broker in France, has become a member of BrokersLink, the independent insurance broker network, whose members manage premium volumes in excess of $14 billion, as part of the network’s drive for growth across Europe. …
French reinsurer SCOR confirmed the targets of its strategic plan -‘Strong Momentum’ – at its annual Investors’ Day, held on Wednesday in Paris. An updated version of the ‘Strong Momentum’ plan, first established in 2010, “has been prepared to take …
The leaders of France and Germany face a stark choice in talks on Tuesday over whether to begin steering the embattled euro zone towards closer fiscal union or risk watching the bloc unravel. French President Nicolas Sarkozy and German Chancellor …
Oakland-based catastrophe modeling firm EQECAT has provided risk modeling services to Electricité Réseau Distribution France S.A. (ERDF) for the issuance of a €150 million [$216 million] catastrophe bond transferring European windstorm risk to the capital markets. ERDF is the largest …
Liberty International Underwriters in Europe (LIU Europe), a member of Liberty Mutual Group, has appointed Audrey Mondin as Environmental Impairment Liability Underwriter in its Paris Office. LIU said the move resulted from its conclusion that “the business looks to respond …
Standard & Poor’s Ratings Services has published a report – “French Insurance Industry Holds Up Under Pressure, But Challenges Still Lie Ahead” – on the challenges the French insurance industry is likely to face over the next two years. S&P …
Accounting issues remain a formidable obstacle facing private sector investors currently considering the French banking sector’s plan for restructuring Greek government debt. The plan’s focus was initially on how to avoid triggering credit default swaps written on Greece, and preventing …
Sex and power are no strangers. History is littered with tales of the powerful and privileged felled by sex scandals. But make no mistake. If IMF chief Dominique Strauss-Kahn is found guilty as charged of attempting to rape a hotel …
