For the insurance industry, global controversies tend to obscure some equally important debates going on in smaller forums around the globe. The principal controversy in the U.S. revolves around state vs. federal regulation of the industry, which poses fundamental questions. …
France’s AXA Group posted strong gains for the first six months of 2006 with net earnings up 20 percent (18 percent at constant exchange rates) to €2.7 billion ($3.45 billion). Underlying earnings, which excludes such items as capital gains and …
Bermuda’s XL Capital Ltd. announced plans to develop a new, integrated European platform for its reinsurance operations, centered around a new company, which it is establishing in Dublin. Branch offices will be located in the UK, France, Spain and Germany. …
Germany’s Hannover Re announced that Eurus Ltd., a special purpose vehicle, has issued a CAT bond with a volume of $150 million, giving the reinsurer windstorm protection with immediate effect for a term of approximately three years, covering seven European …
Insurance professionals 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 speed of …
The virtual, global economy humbles insurance leaders Insurance professionals 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 …
Starr Aviation Agency, Chubb Starr Aviation Agency Inc., a wholly-owned specialty subsidiary of C.V. Starr & Co. Inc. and The Chubb Corp. entered into an underwriting agreement under which Chubb will provide hull and liability coverage to Starr Aviation’s general …
France’s AXA Group announced the successful completion of the share capital increase with preferential subscription rights launched on June 14 to finance part of the acquisition of Winterthur (See IJ Website June 14). “The gross proceeds amount to €4.1 billion …
France’s SCOR Group announced that its Board of Directors has adopted plans to transform the Company into a Societas Europaea, or SE. SCOR SA – its current status – will become the first French listed company to do so. SCOR …
An impenetrable defense and a killer penalty goal from its 34-year old captain, Zinadine Zidane, propelled France into the World Cup Football (Soccer) final tonight. The final score – France 1/Portugal 0 – doesn’t do justice to a match played …
