French market News

France’s Hottest Year Was Also 2nd Driest, Putting Climate Pressure on Government

France experienced its hottest and second-driest year on record in 2022, putting pressure on the government to step up its fight against climate change that’s straining everything from energy to agriculture. Temperatures averaged 14.5 Celsius last year, the highest since …

Howden Acquires French Marine Insurance Broker Seasecure Group

Howden, the London-based insurance broker, announced it has acquired Seasecure Group, the last remaining independent marine broker in France. Seasecure Group is one of France’s largest marine and cargo insurance brokers, and underlines Howden’s continued investment in expertise and desire …

Berkshire Hathaway Specialty Insurance Introduces D&O Insurance Policy in France

Berkshire Hathaway Specialty Insurance (BHSI) announced it has introduced a proprietary directors & officers insurance policy in France. “Our new D&O liability policy provides companies and their management across France with primary capacity backed by the stellar balance sheet, long-term …

France Narrows Gap on UK Financial Services Sector for Foreign Direct Investments

France’s financial sector is now the most popular destination in Europe for U.S. backers, helping the country narrow the gap with the UK for foreign direct investment in the industry. The country recorded a total of 60 FDI projects in …

Berkshire Hathaway Specialty Insurance Opens Office in Lyon, France

Berkshire Hathaway Specialty Insurance (BHSI) announced it has further expanded its presence in Europe with an office in Lyon, France. “As we continue to grow steadily across Europe, the time is right to expand with an office and expanded team …

People Moves: Miller Taps RKH’s Malin, Marsh’s Gil Ramirez for Renewables Team; Chubb’s Haquette to Lead HDI Global’s France Branch Office

This edition of International People Moves details appointments at the London-based broker Miller and the insurer HDI Global in France. A summary of these new hires follows here. Miller Appoints RKH’s Malin, Marsh’s Gil Ramirez for Renewables Team Miller, the …

French Chef Seeks $1.9M from Allianz for Biz Income Losses During COVID Lockdowns

A French Michelin three-star chef is asking Allianz SE for 1.6 million euros ($1.9 million) in insurance claims for losses suffered by his restaurants during the country’s lockdowns, a person familiar with the matter said. Chef Michel Troisgros has asked …

AXA Offers €300M to Settle COVID-19-Related BI Claims for French Restaurant Owners

AXA has offered a settlement to 15,000 French restaurant owners that purchased non-damage business interruption insurance after previously denying coverage during the 2020 COVID-19 lockdowns. AXA estimates the cost of these settlements will be approximately €300 million (US$365.5 million) before …

Aviation Broker Piiq Risk Partners Receives License to Operate in France

Piiq Risk Partners, the global aerospace re/insurance broker, announces that it has received regulatory approval to operate in France. Piiq’s French operation will act as a base for expanding its services across the French and European markets. It reinforces Piiq’s …

BHSI Launches Environmental Impairment Liability Insurance in France

Berkshire Hathaway Specialty Insurance (BHSI) has introduced Environmental Impairment Liability (EIL) Insurance in France. The new policy pairs coverage for multiple environmental risks with technical and legal support to help insureds mitigate environmental incidents and claims. BHSI said the policy …