For the majority of Americans, June 9 is a Friday between June 8 and June 10. But for the rest of the world, that day marks the debut of a month-long football festival — not the kind played in the …
A.M. Best Co. has affirmed the financial strength rating of “B++” (Very Good) and the issuer credit rating of “bbb+” of Luxembourg domiciled Electro Re S.A., the reinsurance subsidiary of France’s Alcatel Group, with a stable outlook. “The rating action …
Global broker Willis Group Holdings has been named the “2006 European Commercial Broker of the Year” for the second consecutive year. The award was presented as part of the annual European Risk Management Awards conducted by StrategicRISK. It’s determined by …
France’s SCOR Group reported a healthy first quarter with net income rising 61 percent to €53 million ($68.34 million) from €33 million ($42.55 million) in Q1 2005. Gross written premiums rose 18 percent to €734 million ($946 million). “This growth …
France’s AXA Group announced that its “squeeze-out of the minority shareholders of its German subsidiary AXA Konzern AG” is proceeding. AXA announced last year that it planned to acquire the remaining 7.24 percent of the shares of the German subsidiary …
France’s AXA Group’s earnings figures for the first quarter of 2006 show strong growth in its three main sectors of operation – summarized as follows: — Life & Savings entities new business up 17 percent to €1.573 billion ($2 billion), …
It takes only a brief glance through a newspaper in the United States to see that multimillion dollar jury awards have become a fact of life in products liability cases. But U.S. companies doing business overseas need to be aware …
The Federation of European Risk Management Associations (FERMA) noted that over 460 risk managers across Europe have responded to its 2006 benchmarking survey, conducted in co-operation with Ernst & Young and AXA Corporate Solutions. “Toluna, an independent, online market research …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa” of France’s Caisse Centrale de Reassurance (CCR) with a stable outlook. “The ratings reflect CCR’s unique position as …
Success for the “Doha Round” of trade negotiations appears to be getting more and more remote. Several recent events have increased the likelihood that the talks – named after the city in Qatar, where they were launched in 2001 – …
