France News

S&P Affirms ‘A-‘ Ratings on MMA, Outlook Negative

Standard & Poor’s Ratings Services said that it had affirmed its ‘A-‘ insurer financial strength and long-term counterparty credit ratings on France-based property-casualty insurer Les Mutuelles du Mans Assurances IARD (MMA), the parent and largest operating entity of the MMA …

LPGA Continues To Swing 53 Years Later

Fifty-three years ago, 13 young American women started something that seemed so small back then. They built it up and nurtured it with their spiked shoes and flat putters and today, what seemed like a novel idea more than half …

A.M. Best Affirms ‘A-‘ Rating of Corifrance

A.M. Best Co. has affirmed the A- (Excellent) financial strength rating of Corifrance (France). The rating reflects Corifrance’s excellent capitalization and improving operating performance. An offsetting factor relates to the company’s limited market profile. The rating outlook remains stable. Excellent …

AXA Consolidated Revenues Up 3.5 Percent

AXA reported consolidated revenues of Euro 37.5 billion for the first half of 2003. On a comparable basis (adjusted for scope and currency changes), revenues grew by 3.5 percent compared to the same period last year. On a reported basis, …

S&P Affirms Generali at ‘AA’; Outlook Negative

Standard & Poor’s has affirmed its ‘AA’ financial strength and long-term counterparty credit ratings on Assicurazioni Generali SpA, the parent and main property-casualty company of the pan-European insurance group Generali. The outlook is negative. At the same time, Standard & …

SCOR and Subs on Watch Neg

S&P’s placed all its long-term ratings, including its “A-” counterparty credit and insurer financial strength ratings, on France-based reinsurer SCOR and subsidiaries on CreditWatch with negative implications. The placement follows the reinsurer’s disappointing first quarter results, diminished business position and …

SCOR and Subs on Watch Neg

S&P placed all its long-term ratings, including its “A-” counterparty credit and insurer financial strength ratings, on France-based reinsurer SCOR and subsidiaries on CreditWatch with negative implications. The placement follows the reinsurer’s disappointing first quarter results, diminished business position and …

AIR Worldwide Releases 2003 European Extratropical Cyclone Model

AIR Worldwide Corporation (AIR) announced the release of its 2003 European extratropical cyclone model, which is used by insurers and reinsurers to price contracts and manage risk from these windstorms. The model incorporates the latest advances in AIR’s numerical weather …

INTERNATIONAL INSURANCE SOCIETY GLOBAL CONF. TO BE HELD IN NYC

The 39th annual seminar of the International Insurance Society (IIS), hosted by the Insurance Information Institute, is scheduled to be held July 13-16, at the Waldorf-Astoria in New York. Among the issues to be discussed by many of the world’s …

AXA Files Form 20-F With the SEC; Reduces Income Figures

France’s AXA SA announced that, following discussions, it has filed its Annual Report on Form 20-F for the year ended December 31, 2002 with the Securities and Exchange Commission. The figures were compiled using U.S. GAAP principles, which require more …