France’s AXA Group confirmed its earlier estimates (See IJ Website Aug. 21) by officially posting 17 percent growth in operating earnings to €1.022 ($1 billion) for the period ended June 30, compared to €876 million ($860 million) in the first …
When the nation awoke on the morning of Tuesday, Sept. 11, little did it know that the events over the next few hours would change its lives forever. Not only were there thousands of lives lost and injured, but many …
When the nation awoke on the morning of Tuesday, Sept. 11, little did it know that the events over the next few hours would change its lives forever. Not only were there thousands of lives lost and injured, but many …
California-based Risk Management Solutions (RMS) has expanded its catastrophe modeling capabilities to include windstorm risk in Ireland and Sweden, and earthquake risk in Turkey and the Philippines. The expansion brings the total number of territories in the RMS suite of …
Despite both good and bad news, France’s AXA Group released preliminary estimates showing an operating profit of €1.02 Billion ($1 billion) for the first half of 2002, compared to € 880 million ($867 million) in the same period last year, …
A number of European insurers and reinsurers have indicated that despite the widespread damages caused by the ongoing floods in Germany and Eastern Europe, their exposure to claims is limited. With analysts now increasing their overall damage estimates daily – …
Standard & Poor’s said that although the European reinsurance market is expected to remain hard beyond 2003, it maintains its negative outlook for the industry for the fifth year running, due to uncertainty over the long-term sustainability of rate increases. …
Standard & Poor’s Ratings Services affirmed its “AAA” long-term counterparty credit and insurer financial strength ratings on state-owned French reinsurance company Caisse Centrale de Reassurance (CCR). The outlook is stable. The ratings reflect CCR’s status as a core element of …
France’s Groupama will acquire Plus Ultra Generales, Aviva’s ( ex-CGNU’s) Spanish p/c operation for €246 million ($240 million). The acquisition gives the French mutual insurer a 1.4 percent share of the overall market in Spain and will increase its p/c …
Standard & Poor’s has revised its outlook on French non-life insurer Abeille Assurances to “positive” from stable.” The change, said S&P, reflects “the likelihood of an upgrade by the end of this year when the company is expected to change …
