Gerard de La Martiniere, the member of AXA’s Management Board in charge of Finance, Control and Strategy has been elected Chairman of the French Federation of Insurance Companies (F.F.S.A.), effective immediately, and has consequently resigned his position with the giant …
France’s SCOR Group announced that it has successfully renewed 60 percent of its 2002 portfolio in Asia as of April 1, 2003. Japanese treaties represented 68 percent of business renewed and South Korean treaties 32 percent. “The April 1, 2003 …
Allianz AG’s Annual General Meeting (AGM) formalized a number of management changes. Michael Diekmann officially takes over today as the new Allianz Group CEO. His predecessor, Henning Schulte-Noelle, who agreed to step down last December, will succeed Klaus Liesen as …
France’s AXA Group revealed a nasty surprise when it filed its consolidated financial statements with the COB, the French financial regulatory authority. Under U.S. GAAP accounting rules the group posted an overall 2.9 billion Euro ($3.1 billion) loss for 2002. …
France’s Axa Group issued a bulletin noting proposed changes in its supervisory board in advance of the planned shareholders meeting scheduled April 30. The board’s selection committee has recommended that Ezra Suleiman, an American citizen and a University Professor, be …
France’s SCOR Group announced that, “as a result of recently held negotiations with one of the shareholders of IRP Holdings Ltd., it has offered to purchase 6.67% of the share capital of this company.” SCOR currently holds a 46.7 percent …
ACE International, a subsidiary of Bermuda’s ACE Limited, announced the appointment of Kudret Oztap to the position of senior VP, Onshore Energy, responsible for the development of its North American Global Energy operation. The company said Oztap will be headquartered …
As President Bush and his advisors made good on their defiant promise to act alone if necessary to get rid of Iraq’s tyrannical régime, the world heard echoes of Mark Antony’s cry of rage and revenge – “Cry ‘Havoc!’ and …
A new Swiss Re sigma report, “Natural catastrophes and man-made disasters in 2002,” estimates the cost to the industry at $13.5 billion, $1.5 billion more than the company’s preliminary estimates released last December. “The increase was mainly due to higher …
As President Bush and his advisers made good on their defiant promise to act alone if necessary to get rid of Iraq’s tyrannical régime, the world heard echoes of Mark Antony’s cry of rage and revenge, “Cry ‘Havoc!’ and let …
