The American Insurance Association has issued a bulletin commending outgoing United States Trade Representative (USTR) Rob Portman for his leadership on trade negotiations. The AIA also welcomed his successor, Deputy USTR Susan Schwab, President Bush’s nominee to replace Portman, and …
France’s AXA Group acknowledged that it has received a binding offer for its reinsurance operation – AXA Re and its subsidiaries – from Paris Re Holdings Limited. As previously reported (See IJ Website April 6), AXA had been in talks …
Global broker Willis Group Holdings announced that its Inspace division has been “further strengthened by the opening of a new office in France, Willis Aerospace Consulting (WAC).” Willis’ new operation is in Neuilly-sur-Seine, just outside Paris. The bulletin said the …
Louisiana Workers’ Compensation Corporation named Kristin Wall, president and chief operating officer, to replace Steve Cavanaugh as chief executive officer. Cavanaugh tendered his resignation at the March 16 Board of Directors meeting. Wall has been chief operating officer for six …
Louisiana Workers’ Compensation Corporation named Kristin Wall, president and chief operating officer, to replace Steve Cavanaugh as chief executive officer. Cavanaugh tendered his resignation at the March 16 Board of Directors meeting. Wall has been chief operating officer for six …
France’s SCOR Group announced positive results for 2005 with net income after tax increasing by 75 percent to €131 million ($158 million), compared to €75 million ($90.5 million) in 2004. Other earnings highlights were listed as follows: • Gross written …
Capstone Underwriters Inc., based in Dallas, Texas, announced that Patrick Kerael has joined the firm as executive vice president and chief financial officer. Kerael most recently held the position of comptroller and project manager for the Sanford Writing Division of …
Insurer Allianz Group said Thursday its fourth-quarter profit nearly tripled as earnings in its banking and asset-management units and improved investment income protected it from losses related to last year’s hurricanes. The Munich-based company, Europe’s biggest insurer by gross premiums, …
In a comment on its CreditWatch placement of Germany’s P/C insurer Allianz Marine & Aviation Versicherungs AG (AMA G) and France’s P/C insurer Allianz Marine & Aviation, Standard & Poor’s Ratings Services said that its long-term counterparty credit and insurer …
The London office of Standard & Poor’s Ratings Services has issued a statement indicating that it will “recognize a capital relief in its capital adequacy model for AXA Group (core insurance operating companies are rated AA-/Positive) related to the insurer’s …
