France News

Allianz 2003 Profits $1.96 Billion, Dresdner Loss Weighs

Germany’s Allianz AG bounced back strongly from last year ‘s losses to post net profits of 1.6 billion euros ($1.96 bllion) for 2003. Nevertheless the poor performance of the Group’s banking operations, centered on Dresdner Bank, which Allianz bought in …

Numbering and Numbing the Risks

Looking at this issue reminds me of how things have changed over the years. I frequently listen to a “Nostalgic” music station—yes, even in France these exist—and they play Ray Charles and the Beach Boys, and recently the song from …

New Swiss Re Sigma Study Reviews 2003 CAT Losses

Natural and man-made catastrophes caused the deaths of more than 60,000 people worldwide last year, according to Swiss Re’s latest sigma report. Over two thirds of these were the victims of earthquakes. Overall economic losses from catastrophes were approximately $70 …

P/C Results Lift AXA Earnings

France’s AXA Group, Europe’s second largest insurer, reported net profits of 1 billion euros ($1.251 billion), buoyed by a strong recovery in its P/C division. The results exceeded analysts’ forecasts, which had been in the 780-960 million euro ($975 million …

Munich Re Releases 2003 Catastrophe Study

Munich Re has released its 2003 study of natural catastrophes, which concludes that “after three years of relative calm, no fewer than five great natural catastrophes(based on U.N. criteria) occurred in 2003.” Parts of the study were released last November …

They’re in the Money!

Targeting and Insuring the Very Rich When thinking about the wealthy, typically one conjures up images of well-known celebrities, business moguls and the inherently rich. One might envision multi-million dollar homes, 20-carat diamond rings or stacks of gold coins the …

They’re in the Money!

Targeting and Insuring the Very Rich When thinking about the wealthy, typically one conjures up images of well-known celebrities, business moguls and the inherently rich. One might envision multi-million dollar homes, 20-carat diamond rings or stacks of gold coins the …

They’re in the Money!

Targeting and Insuring the Very Rich When thinking about the wealthy, typically one conjures up images of well-known celebrities, business moguls and the inherently rich. One might envision multi-million dollar homes, 20-carat diamond rings or stacks of gold coins the …

They’re in the Money!

Targeting and Insuring the Very Rich When thinking about the wealthy, typically one conjures up images of well-known celebrities, business moguls and the inherently rich. One might envision multi-million dollar homes, 20-carat diamond rings or stacks of gold coins the …

They’re in the Money!

Targeting and Insuring the Very Rich When thinking about the wealthy, typically one conjures up images of well-known celebrities, business moguls and the inherently rich. One might envision multi-million dollar homes, 20-carat diamond rings or stacks of gold coins the …