France’s SCOR Group has issued an announcement indicating that its securities are once again “back on the security lists of the main brokers.” The company also said that the recent flooding in Southern France “should not impact SCOR’s results.” The …
French Prime Minister Jean-Pierre Raffarin announced that there has been a breakthrough in negotiations between the French Government and federal prosecutors in the Executive Life case. News reports in France quoted him as indicating that an accord was “sur la …
Despite the apparent deadlock in negotiations, French Finance Minister Francis Mer expressed continued hope that the parties in the Executive Life Affair could still reach an agreement. Interviewed on the radio station France Inter this morning, Mer reiterated the government’s …
The failure to reach a settlement agreement over the pending criminal charges in the Executive Life affair has already increased tensions between France and the U.S. as politicians and commentators from both countries defend their respective positions. In France several …
Torrential rains, which have been falling on Southern France for almost a week, have caused heavy flooding in the region, resulting in five reported deaths, bringing road and rail transport to a standstill and halting most commercial activities. The floods …
A.M. Best Co. announced that it has downgraded the financial strength ratings to ‘B’ (Fair) from ‘B+’ (Very Good) of Bermuda- based Commercial Risk Reinsurance Company Limited and its U.S. subsidiary, Commercial Risk Re-Insurance Company of Burlington, Vt. Both companies …
Both A.M. Best Co. and Standard & Poor’s Ratings Services reacted positively to the news from France’s SCOR Group that it plans to raise an additional 750 million euros ($896 million) through a rights offering (See IJ Web site Dec.1) …
Efforts to reach a settlement in the Executive Life case have reportedly reached a dead end, after the parties failed to find common ground on Monday. (See IJ Web site Dec. 1) According to an article released by Agence France …
Although last Monday’s deadline has passed, negotiations between the U.S. Attorney’s office in LA and Credit Lyonnais, the French government and various other parties continue in their efforts to reach a settlement agreement of criminal charges involving the 1991 takeover …
France’s SCOR Group will hold an Extraordinary General Assembly meeting today, conducted by Chairman Denis Kessler to confirm plans to raise additional capital. The announcement, which is not for publication in the USA, Canada, Japan and Australia, due to securities …
