France News

News Briefs

EU Leaders Fiddle While Europe Burns: The crisis in the European Union, provoked when French and Dutch voters rejected the EU Constitution, is being largely ignored by Europe’s leaders. Instead of a bit of soul-searching and reassessment, they’ve chosen to …

Lawyers Overseeing Lawyers: Can lawyers police themselves? A new look at self-regulation

No country has as many lawyers as the United States – more than 152,000 in California alone – three times as many as in all of France. Nor does any other country rely as heavily on the legal profession to …

Lawyers Overseeing Layers

No country has as many lawyers as the United States — more than 152,000 in California alone — three times as many as in all of France. Nor does any other country rely as heavily on the legal profession to …

R&M Report on Policy Administration

Dublin-based Research and Markets has added a study on Policy Administration Spending in Global Non-Life Insurance (Databook) to their offering. “This databook provides top level data charts & tables to highlight policy administration opportunities and trends across the global Non-Life …

Liberty Mutual Buying Stake in Turkey’s Seker Sigorta

The Boston-based Liberty Mutual Group plans to enter the Turkish market with the purchase of a majority stake in Seker Sigorta A.S. Liberty Mutual signed an agreement on June 16 with Sert Holding A.S. for the acquisition of a majority …

Report AXA in Talks with Credit Suisse to Acquire Winterthur

Widely circulated reports indicate that France’s AXA Group has entered into serious negotiations with Credit Suisse aimed at acquiring the bank’s Winterthur Group of insurance companies. The reports from Agence France Presse, the Wall Street Journal and the New York …

Liverpool’s Manager Calls for FIFA to Pay Up for World Cup Injured Player

Liverpool, England, manager Rafael Benitez hit out at FIFA Saturday, saying clubs should be compensated when their players are injured while on international duty. Benitez’s outburst came days after France and Liverpool striker Djibril Cisse broke his leg in a …

World Cup Starts in Germany

5:00 p.m. on a Friday is usually associated with “TGIF” as the weekend begins. However, for much of the world this Friday at 5:00 p.m. (local time) it marks the beginning of a very special sporting event – the quadrennial …

S&P Affirms CCR’s ‘AAA’ Rating

Triple “A” ratings have been on the endangered species list for some time, but they do still exist. Standard & Poor’s Ratings Services has just affirmed its ‘AAA’ long-term counterparty credit and insurer financial strength ratings on French-based reinsurer Caisse …

AXA Concludes Deal with Paris Re to Cede AXA RE

France’s AXA Group has concluded a definitive agreement to cede its reinsurance operation – AXA Re and its subsidiaries – to Paris Re Holdings Limited. As previously reported (See IJ Website April 6 and10), AXA had recieved a definitive off …