France’s AXA Group held its Autumn Investor Seminar in Paris on Monday, at which members of the insurer’s management team presented an update on its growth and capital management strategy, as well as the priorities of its Life & Savings …
The United States is lagging behind nearly every other high-income country in reducing annual traffic fatalities, said a report released this week by a U.S. government research panel. There’s some good news: U.S. traffic fatalities fell 9.7 percent in 2009 …
Mount Merapi, Indonesia’s most volatile volcano, unleashed another cloud of searing gas as rescuers pulled more bodies from a village smothered a week ago by eruptions. The death toll from a series of blasts passed 240 on Sunday. Saturday’s blast …
Armistice Day/Veteran’s Day – the “war to end war;” the dead, the wounded and the missing. Almost faded from memory now – 92 years after it ended – the “Great War,” World War I. The consequences have been unfolding ever …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa-” of Italy’s Assicurazioni Generali S.p.A., both with stable outlooks. Best also affirmed the ratings of the debt instruments …
France’s SCOR Group announced that the Lloyd’s Market Franchise Board has given its “in principle” approval to the creation of Syndicate 2015. The “final arrangements and approval” could mean that the new syndicate could commence underwriting as early as the …
Swiss Re’s Capital Markets Division has structured €275 million [$386 million] in notes as an alternative risk transfer vehicle, covering European windstorm events, for AXA Global P&C’s Calypso Capital Ltd., a special-purpose company incorporated in Dublin, Ireland. “The notes, which …
German insurer Allianz has tapped Britain’s largest private pension fund and one that invests the pensions of Canada’s Mounties to make a joint bid for Britain’s sole high-speed railway, sources said. Final bids were due on Friday for the 186-mph …
Masked youths clad in black have torched cars, smashed storefronts and thrown up roadblocks, clashing with riot police across France as protests over raising the retirement age to 62 took a radical turn. Hundreds of flights were canceled Tuesday as …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A (Excellent) and issuer credit rating (ICR) of “a+” of UK-based Travelers Insurance Company Limited (TICL), both with stable outlooks. TICL is expected to “maintain excellent …
