French insurer AGF, which is majority owned by Germany’s Allianz, posted a 45 percent increase in net profits for the year 2004 to $1.1 billion euros ($1.44 billion), compared to 763 million euros ($997 million) in 2003, well ahead of …
Both structural and design faults caused a large section of the newly constructed Terminal 2E at Paris’ Charles de Gaulle airport to collapse last May, killing 4 people and injuring 3. An investigative commission under the direction of Jean Berthier, …
France’s SCOR Group announced 2004 premium income of 2.528 billion euros ($3.26 billion) at current exchange rates. Figured on the basis of constant exchange rates the total was 2.578 billion euros ($3.32 billion). Following extensive restructuring, the reinsurer’s premium income …
Moody’s Investors Service announced that it has affirmed AXA’s debt ratings (senior at A2), as well as the Aa3 insurance financial strength ratings of AXA’s main operating subsidiaries with a stable outlook. The report noted that “the group’s refocusing and …
Insurance and Related Services Marsh Inc.–risk management, risk consulting, insurance brokerage, financial solutions, and insurance program management services. Over the years Marsh has acquired many companies, including the U.K.’s Sedgwick Group and its claims management services; Johnson & Higgins; Victor …
Five insurance companies are set to recover 2.3 million euros ($3 million) from the French government, while Air France will collect 850,000 euros ($1.1 million) as the result of a court ruling in Marseille stemming from the near crash of …
France’s AXA Group reported from Paris that its consolidated revenues were 72.2 billion euros ($94.4 billion) for full year 2004. “On a comparable basis, revenues grew by 2 percent compared to full year 2003,” said the bulletin. But “on a …
Certain events mark each generation, but as the scope of the disaster that struck 12 countries around the Indian Ocean on Dec. 26 emerges, it has become evident that it will haunt not just the present generation, but many future …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) and assigned an issuer credit rating of “aa-” to Italy’s largest insurer Assicurazioni Generali S.p.A. Best also affirmed the ratings of debt instruments issued or …
The U.K., France and other European countries whose citizens lost their lives, or are still missing, in the aftermath of the Indian Ocean tsunamis, are considering ways to amend their laws governing when a missing person may be declared legally …
