France’s AXA Group reported excellent results for the last quarter of 2005 and a full year increase in gross revenues of 6.9 percent. Overall sales rose from €67 billion ($33.72 billion) in 2004 to €71.7 billion ($87.56 billion). Asset Management …
Minneapolis, MN – Wyde Corporation announced today the official launch of their new insurance claims application, Wynsure Claims. This new addition to their Wynsure suite of administration products handles claims processing from First Notice of Loss through benefit payment for …
Swiss Re announced the results of a survey of top business leaders, conducted in December 2005, at the World Economic Forum’s Annual Meeting in Davos, Switzerland, which opened today. “The study found that, while risk assessment is becoming a more …
Standard & Poor’s newly issued report on Corporate Securitizations notes that these types of transactions are gaining increasing acceptance as a capital management tool by European insurers, with Swiss Re and AXA leading the way. “During 2005, we saw a …
Zurich Financial Services Group announced that Zurich Insurance Ireland Limited (ZIIL), the EU-wide risk carrier for Zurich Global Corporate business, has opened branches in France, Sweden and Finland in addition to its UK branch, which was established in May of …
France’s SCOR Group announced that “premium income linked to Non-Life and Credit & Surety treaties up for renewal on 1 January 2006 is up by around 25 percent.” The bulletin added, “these renewals on 1 January 2006 relate to around …
The Federation of European Risk Management Associations (FERMA) has issued a timely bulletin on the multiple risks society faces from the threat posed by the avian flu virus H5N1. “A massive outbreak of avian flu will not only affect the …
A team in the U.K. has produced a new wind damage prediction tool called EuroTempest, designed to provide local damage forecasts for European windstorms. An announcement on the Lloyd’s Website (www.lloyds.com) notes that the new model represents a joint effort …
A leading U.K. intelligence expert and a specialist in terrorist underwriting at Hiscox Plc have warned that the threat of terrorism will not diminish in the year ahead with the continued potential for attacks around the world. Simon Sole, managing …
France’s AXA Group announced that it plans to acquire the remaining 7.24 percent of the shares of German subsidiary AXA Konzern AG that it does not already own. The announcement described the move as “part of the streamlining of the …
