“Sicko,” Michael Moore’s attack on the U.S. health care system, got a warm welcome at Cannes Saturday that marked the director’s triumphant return to the film festival and a respite from the controversy his work has started at home. More …
Financial executives at the world’s largest companies expect the severity of their most prevalent business risks to remain constant or intensify through 2009, according to the “Managing Business Risk Through 2009 and Beyond” study commissioned by commercial and industrial property …
A.M. Best Co. has placed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit ratings (ICR) of “a-” of France’s SCOR Group and its rated subsidiaries under review with negative implications, along with all of its debt …
AXA’s CEO Henri de Castries announced that the Paris-based financial services and insurance Group’s revenues had “increased by 34 percent in the first quarter of the year.” AXA profited, not only from organic growth in its three main activities – …
In two separate announcements Standard & Poor’s Ratings Services said it doesn’t contemplate making any changes in its ratings on Converium AG or France’s SCOR Group, following the announcement that Converium has urged its shareholders to accept SCOR’s takeover offer …
Allianz SE and its subsidiary Allianz Holding France SAS have confirmed that a squeeze-out will be launched on the remaining shares in AGF shares still held by minority shareholders. The announcement follows the official recognition of the French stock market …
According to a newly issued special report from A.M. Best Co., European life insurers have experienced strong growth over the past few years, due to strong demand for unit-linked products, good investment conditions and the companies’ focus on selling capital …
Germany’s Allianz SE (Societas Europaea) announced that upon the closing of the tender offer for the outstanding shares of its French subsidiary AGF, it will hold (directly and through its subsidiary Allianz Holding France SAS) 178,030,698 shares – representing 92.18 …
A moderate earthquake rattled parts of southeast England Saturday morning, toppling chimneys from houses and rousing residents from their beds. Several thousand people were left without power after the quake in the county of Kent. The only reported casualty was …
Testifying before the United States Senate Committee on Commerce, Science and Transportation on April 11, Arkansas Insurance Commissioner Julie Benafield Bowman, told lawmakers that insurance regulators have the dual responsibility of ensuring the solvency of insurance companies, and making sure …
