France’s SCOR Group announced a capital increase of €376.744 million ($482.53 million) in the form of a subscription rights offer primarily in order to finance the acquisition of Revios Rückversicherungs AG. Present shareholders would have the right to purchase two …
Dr. Thomas Loster, a geographer who advises the Munich Re Foundation, told those attending the current United Nations Environment Program (UNEP) Conference in Nairobi that, “Most insurance and re-insurance companies have no doubt that the rising tide of losses from …
Swiss Re announced the successful placement of $442 million of securities covering catastrophic mortality experience in France, Japan and the United States for the benefit of AXA Cessions. Swiss Re said it “arranged the securitization for AXA and acted as …
Insurance and benefits broker William Gallagher Associates reports that Lyn Rossano has joined the Maryland office as senior vice president in the Property & Casualty area. She brings 20 years of risk advisory experience to the firm’s property and casualty …
As the Republican Neo-Con Light Brigade charged into the Democratic Valley of Death on Tuesday Nov. 7th, echoes of another far off war could be heard. It will be 88 years on Saturday that the guns finally fell silent, bringing …
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit rating (ICR) of “a” of France’s Groupama S.A. Best also affirmed the FSR of “A” (Excellent) and the ICR of “a” of Groupama …
France’s AXA Group reported gains in all sectors for the first nine months of 2006, with life and savings entities leading the way. New business volume in the sector rose 14 percent to €4.473 billion ($5.72 billion). France increased 17 …
Insurance agents and executives have a lot to worry about as the fast-paced virtual economy takes hold. According to futurist Edie Weiner, they are right to be worried. She says there are a lot of risks ahead and given the …
Insurance agents and executives have a lot to worry about as the fast-paced virtual economy takes hold. According to futurist Edie Weiner, they are right to be worried. She says there are a lot of risks ahead and given the …
France’ SCOR group announced that it has received the approval of the China Insurance Regulatory Commission (CIRC) for a reinsurance license in China “that will enable it to open a branch in Beijing with a view to conducting property & …
