A report from the Financial Times indicates that France’s Axa Group is in serious discussions with Credit Suisse to acquire Winterthur, the banking group’s insurance division. Credit Suisse had dropped hints earlier this month that it would be interested in …
GE Insurance Solutions has announced the addition of expertise to its Property Insurance & Services, Global Asset Protection business unit. Field Operations Leader Tim Heinze said the unit has had a “great year,” and now had “the opportunity to add …
Almost none of them are left now – the men and women who fought the First World War. Even those who lived through it are few. But the effects of what the French call La Grande Guerre – the “Great …
France’s AXA announced that its consolidated revenues for the first nine months of 2004 rose 1.1 percent on a comparable basis to 54.4 billion euros ($70.3 billion). Highlights of the report are summarized as follows: – Life & Savings revenues …
A French administrative court under the jurisdiction of the national health service has ordered the owners of an abandoned asbestos mine in Corsica to pay compensation to 13 former miners and their families as a result of asbestos related diseases …
Zurich announced the promotion of Fabrice Brunet to branch manager in its Global Energy(R) business unit in Zurich. He will oversee all activities associated with the office, including account management activities, and will be particularly involved in the strengthening of …
Bermuda-based Arch Reinsurance Ltd., a subsidiary of Arch Capital Group Ltd., announced that Nicolas Papadopoulo has been appointed as chief underwriting officer and that Tim Peckett has been appointed as general counsel. Papadopoulo joined Arch Re in December 2001 as …
France’s SCOR Group estimates that the total gross cost of the cost of the hurricanes in the United States and in the Caribbean, Charley, Frances and Ivan, to be 22.5 million euros million ($27.5 million). SCOR noted that the estimates …
Even as aid workers in Haiti struggled to cope with the disaster caused by floods unleashed from the passage of Tropical Storm Jeanne, the death toll continues to mount. Agence France Presse reported that “in the northern town of Gonaives, …
A.M. Best Co. has downgraded the financial strength rating to “B++” (Very Good) from “A-” (Excellent) of AXA Re Property and Casualty Insurance Company (New York, N.Y.). The rating outlook remains negative. This rating action reflects the deterioration of AXA …
