GAO Study Explores Examples of How Public-Private Insurance Partnerships Operate A new U.S. government report indicates that the private U.S. insurance industry would be placed under enormous strain without government intervention if there were a major terrorist or catastrophic event …
A.M. Best Co. has downgraded the financial strength ratings to B- (Fair) from B (Fair) and the issuer credit ratings to “bb-” from “bb” of Commercial Risk Reinsurance Company Limited (Hamilton, Bermuda) and its U.S. subsidiary, Commercial Risk Re-Insurance Company …
France’s SCOR Group reported that treaty renewals in the Asian market, concluded on April 1, showed good gains. “Non-Life treaties in Japan and Korea (72% of the 2004 Asia-Pacific zone Property & Casualty treaties) were up for renewal at 1 …
Tom Johnson, the former executive vice president of the Florida Association of Insurance Agents from 1948 to 1986, passed away in his sleep at 7:05 p.m. April 8 with his family and a few close friends at his bedside. Johnson …
A new U.S. government report indicates that the private U.S. insurance industry would be placed under enormous strain without government intervention if there were a major terrorist or catastrophic event or series of events. It also finds that the U.S. …
Only two thirds of leading European companies operate a democratic policy of one-share one-vote, according to a study prepared for the Association of British Insurers (ABI) by Deminor Rating, a Brussels-based corporate governance consultant. The study, which examined the capital …
Aeroports de Paris (ADP), the authority that owns and operates both the Charles de Gaulle airport and Orly airport in the French capital, has determined that the entire roof structure of Terminal 2E must be torn down and replaced. The …
A photo taken in a restaurant 13 years ago captured the occasion—a deal signed by California’s chief insurance regulator that ultimately paved the way for the sale of insurer Executive Life to a group of French investors. But the executives …
QBE announced on Tuesday it had agreed to acquire Greenhill Underwriting Group, subject to regulatory approval, to enhance its strength and profile in the continental European market. Greenhill is a UK-based underwriting agency with offices in Paris, Dusseldorf and Madrid …
France’s AXA Group reported strong earnings results for 2004. Underlying earnings rose 34 percent to 2.7 billion euros ($3.58 billion) and adjusted earnings were 2.9 billion euros ($3.85 billion). “2004 has been a very good year, with all businesses performing …
