Dietmar Zietsch, who currently serves as Deputy Chairman of SCOR Deutschland, has been appointed Chairman of the Management Board of SCOR’s German subsidiary effective as of March 1, 2003. Zietsch, 48, holds a Doctorate in Economics, and has more than …
Sr. VP François Reach has become the first senior manager to leave France’s SCOR group following the appointment of Denis Kessler last November as the new CEO, succeeding Jacques Blondeau. Kessler, who also heads the French insurance industry trade group, …
A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of France’s SCOR and its guaranteed subsidiaries, removing them from “under review” status, and has assigned a “negative” outlook. Best also affirmed its ratings on …
California’s Risk Management Solutions, Inc. (RMS), a global provider of products and services for catastrophe risk management, announced that overall losses from Windstorm Calvann, which swept through France and Germany on January 2, are expected to be approximately 900 million …
Risk Management Solutions (RMS), a leading provider of products and services for managing natural hazard risks, has expanded the weather databases in its Climetrix(tm) weather derivatives trading and risk management system to include new temperature data for France, Sweden, Norway, …
Blizzards in France, floods in the U.K. and Germany, avalanches in the Alps – winter hit Europe particularly hard over the weekend. An unusually heavy snowfall in Northern France shut down the country’s main auto routes and briefly closed Charles …
France’s Axa Group has concluded an agreement with U.K. property developer Hammerson PLC to create a new office and shopping complex in the Place Vendome, rue St. Honoré area, one of the most fashionable and prestigious sites in the French …
France’s AXA Group, has decided to tacitly back Credit Agricole’s acquisition of Credit Lyonnais (CL) by offering to sell its 5.3% stake, conditioned, however, upon there being no rival bid from BNP Paribas, which holds around 16 percent of CL’s …
The Paris-based SCOR Group confirmed that it has completed the previously announced subscription and sale of the equivalent of 99 million new shares, raising 381 million Euros ($390 million). The new funds came mostly from European investors – No securities …
A.M. Best Co. has affirmed its “Superior” ratings on two of France’s largest general insurers. Yesterday it confirmed the A++ (Superior) rating of Assurances Generales de France (AGF), but kept it under review with “negative implications,” and also affirmed Groupama’s …
