Paris: Somber, gray leaden skies cover Paris, as dignitaries gather to commemorate the 87th anniversary of the end of what the French call La Grande Guerre. The weather matches France’s somber mood at the moment, following the recent riots. Nevertheless …
France’s AXA Group reported gross revenue increases in all of its business activities for the first 9 months of 2005. Highlights cited by the company in the report included the following: — Life & Savings new business increased by 8 …
Citadel Investment Group, a hedge fund that manages around $12 billion, has formed a new Bermuda-based reinsurer, New Castle Re, with an initial capitalization of $500 million. A.M. Best promptly assigned the new entrant a coveted financial strength rating of …
Transatlantic Holdings, Inc. (TRH) joined the roster of third quarter hurricane victims, posting a $144.2 net loss for the period, or $2.19 per common share (diluted), compared to a net loss of $21.8 million, or 33 cents per common share …
More than 1.5 million drivers nationwide last year collided with deer on roadways around the country, and the costs related to this growing problem total more than $1 billion each year. On Oct. 24-25, nearly 70 researchers, administrators, engineers and …
Hurricane Wilma, with a barometric pressure of 882 mb, is now the most intense hurricane on record in the Atlantic Basin. After rapid intensification Tuesday night, Wilma is now a potentially catastrophic Category 5 hurricane that is expected to reach …
Japanese Prime Minister Junichiro Koizumi made good on his promise to privatize the country’s giant postal system when the upper house of parliament, which had refused the measure in August, passed the postal reform bill by 134 votes to 100. …
Westfield Insurance has named Robert Testa executive, personal lines sales. In this capacity, he oversees employees in five states responsible for new personal lines business. Testa began his career at Westfield in 1991 and has served as claims representative, claims …
Robert Testa Westfield Insurance has named Robert Testa executive, personal lines sales. In this capacity, he oversees employees in five states responsible for new personal lines business. Bryan Whipple Testa began his career at Westfield in 1991 and has served …
Japan’s Prime Minister Junichiro Koizumi has won an overwhelming victory in elections to the Lower House of the country’s Parliament. Koizumi called a snap general election last August (See IJ Website Aug. 7) following legislators’ rejection of his plan to …
