France’s –SCOR Group announced that it has purchased an additional 6.67 percent stake in IRP Holdings Ltd., and has extended the deadline for the sale of Commercial Risk Partners (CRP) from June 30 to July 31, as talks continue with …
France’s SCOR Group announced that Mr. Pierre-Denis Champvillard, 57, Group Deputy Chief Operating Officer, has applied for leave to retire, effective July 1, 2003. The announcement indicated that Champvillard, who has been with SCOR since 1971, had made a personal …
A.M. Best Co. announced that it has affirmed the ‘A’ (Excellent) financial strength rating of Caisse Centrale de Reassurance (CCR), a Paris based reinsurer, with a “positive” outlook. “The rating reflects the company’s superior risk-based capitalisation, its leading position in …
Is the glass half-full, or half-empty? The classic example of identical facts dictating opposite conclusions, depending on whether you’re an optimist or a pessimist, defines the current picture in the reinsurance industry, even if it is admittedly a bit more …
According to newspaper reports Italy’s Generali may soon make a 300 million euro ($355.5 million) bid for French insurer Le Continent in a bid to increase its share of the French market. It considers the country a prime expansion opportunity. …
The 39th annual seminar of the International Insurance Society (IIS), hosted by the Insurance Information Institute, is scheduled to be held July 13-16, 2003 at the Waldorf-Astoria in New York. Among the issues to be discussed by many of the …
Is the glass half-full, or half-empty? The classic example of identical facts dictating opposite conclusions, depending on whether you’re an optimist or a pessimist, defines the current picture in the reinsurance industry, even if it is admittedly a bit more …
After 22 years with AXA, Françoise Colloc’h, a member of the insurer’s Management Board in charge of Human Resources, Brand and Communications has announced retirement plans. The company has named Claude Brunet, a member of the management Board in charge …
Germany’s Allianz reported a first quarter net loss of 520 million euros ($593.06 million), mostly due to another series of writedowns in the value of its investments, but from an operating point of view Europe’s largest insurer achieved some significant …
France’s SCOR Group, the world’s 8th largest reinsurer, continued its earnings recovery with strong first quarter net income of 31 million euros ($35.36 million), compared to 7 million euros ($7.98 million) in the same period last year and a 455 …
