France’s AXA group announced that it has launched a securitization transaction of part of its French individual motor insurance portfolio. AXA indicated the move would transfer to the financial markets “the deviation of the cost of claims above a certain …
France experienced its 11th straight night of urban rioting on Sunday, Nov. 6, as disaffected youths in the suburbs of Paris and other cities staged hit and run attacks. Saturday night the troubles surfaced in Paris, as several hundred youths …
A.M. Best Co. has upgraded the public data rating to A- (Excellent) from B+ (Very Good) of Liberty Mutual Insurance Europe Limited (LMIEL) (United Kingdom). Public data (pd) ratings reflect a quantitative analysis of a company’s results based on publicly …
Willis Group Holdings Ltd., the global insurance broker, announced the appointment of Gregory Arms as executive vice president and chairman of its Global Employee Benefits Practice. He is based in New York City. Reporting to Willis Chairman and CEO, Joe …
Marsh & McLennan Companies, Inc. today reported that net income for the third quarter was $65 million, or $.12 per share, an increase from $21 million, or $.04 per share, in the third quarter of 2004 Consolidated revenues for the …
Commissioner of Insurance Robert Wooley announced that members of the Louisiana Department of Insurance Consumer Affairs staff, along with employees of other states’ insurance departments, are on hand at 12 Louisiana disaster recovery centers to help policyholders with their hurricane-related …
Standard & Poor’s Ratings Services announced from its Paris Office that it has affirmed its “AA-” insurer financial strength ratings on French reinsurer AXA Re and its subsidiaries Compagnie Générale de Réassurance de Monte-Carlo, AXA Re Asia-Pacific Pte Ltd., and …
Roundup of Katrina Loss Estimates: As the scope of the devastation wrought by Hurricane Katrina became increasingly evident, European and Bermuda-based insurers and reinsurers continued to calculate their potential exposures. Most, if not all, of the estimates are based on …
Roundup of Katrina Loss Estimates: As the scope of the devastation wrought by Hurricane Katrina became increasingly evident, European and Bermuda-based insurers and reinsurers continued to calculate their potential exposures. Most, if not all, of the estimates are based on …
William Gallagher Associates in Boston has promoted three executives within its property and casualty group. Doug Bixby to has been elevated to senior vice president and Janice Clifford and Kristen Martin to assistant vice presidents. Bixby has more than 15 …
