France’s SCOR Group announced that it has mobilized to help the Indian Ocean victims of the Tsunami, initially contributing 150,000 euros ($197,000) to the aid campaign. The amount “represents one per thousand of Group premiums in the area hit by …
California isn’t alone in trying to cope with deadly weather. Northern Europe has been lashed by the most powerful storm to hit the continent since Lothar and Martin ravaged France, Switzerland and Germany in 1999. This time, due to a …
Fairfax Financial Holdings Limited announced that its French subsidiary, Compagnie Transcontinentale de Reassurance Holding (CTRH), Has completed the purchase of Compagnie de Reassurance d’Ile-de-France (Corifrance), a French reinsurance subsidiary of Markel Corporation which was placed into runoff in November, 2004, …
Germany’s Allianz announced that it has been providing “on the ground” support to customers in Phuket, Thailand, the popular tourist island which was hit by the tsunamis that devastated Southeast Asia. “When Allianz in Thailand heard of the tsunami on …
A.M. Best Co. announced that it has withdrawn the financial strength rating of “B++” (Very Good) of Corifrance (Compagnie de Reassurance d’Ile de France). Best said the action follows “the announcement that the company has ceased writing business and is …
France’s AXA Group has announced plans to aid the victims of the tsunamis that struck Southeast Asia. “Faced with the scale of human tragedy that has impacted the countries of Southeast Asia in the wake of the tsunami disaster of …
Germany’s Allianz joined a growing list of insurance companies that are contributing to relief efforts in Southeast Asia. The company announced that it would donate 1 million euros ($1.36 million) and would reveal further details of its plans in the …
Just as the disaster that struck 12 countries around the Indian Ocean was unprecedented, so too has been the response from around the world to the calls for help. Private citizens, companies and the World Bank have already collected over …
As the scope of the disaster that struck 11 countries in the Indian Ocean continues to emerge, the world’s nations are beginning to gear up for what will undoubtedly be the largest collective relief effort ever mounted. The precise death …
As scenes of utter devastation played across the world’s television screens, local authorities and volunteer rescue workers continued the grim job of collecting and burying the bodies of the victims who perished in the massive onslaught of tidal waves in …
