More and more UK financial services firms are making job cuts because of Brexit, with risk and compliance roles among those most under threat, according to analysis by Talent Ticker, which monitors staffing trends…
AXA insures two contractors working on Notre-Dame’s restoration prior to the fire that ripped through the cathedral, and provides cover for some of its relics and religious artwork, the company said…
Chubb has launched a new service in continental Europe, the UK and Ireland to help clients deal with environmental incidents…
French state-backed reinsurer CCR has reported net income of €147m for 2018, up from €33m in 2017. The group’s open market reinsurance arm CCR Re doubled its result from 2017, to contribute €35m to group income…
Generali Global Corporate & Commercial (GC&C) has appointed Gaëlle Tortuyaux as head of France, where she will take over from Vincent Moutier who is leaving the Generali Group. Ms Tortuyaux joins Generali from RSA, where she worked as managing director for France since October 2017. Ms Tortuyaux will take up the GC&C post on 1 June 2019. Ms Tortuyaux has…
French reinsurer CCR Re has launched its country’s first insurance-linked securities (ILS) vehicle, in the form of a reinsurance sidecar. Under the deal, 157 Re will assume a 25% quota share of CCR Re’s global property catastrophe portfolio. CCR Re, which is a subsidiary of state-owned reinsurer CCR, said the arrangement is the “first generation” of vehicles that could trigger…
French authorities are battling to contain an oil slick that threatens beaches around the Bay of Biscay, as Porsche counts the cost of losing limited edition cars. The Grande America vessel was on its way to Casablanca with more than 2,200 vehicles on board. Ultimately, it was headed for Brazil. However, it capsized near the French town of La Rochelle…
SCOR swiftly hit back at a call by activist investment group CIAM for the reinsurer’s shareholders to remove Denis Kessler as chairman, oppose his pay package and not renew the term of board member Augustin de Romanet. CIAM has since branded SCOR’s rebuttal nonsensical as the war of words hots up once more…
Allianz Global Corporate & Specialty (AGCS) has appointed Hartmut Mai as chief regions and markets officer for central and eastern Europe, the Mediterranean and Africa…
New York is still the leading financial centre in the world, followed by London and Hong Kong, according to the 25th Global Financial Centres Index, published by Z/Yen Partners and the China Development Institute. According to the index, New York remains in first place, just seven points ahead of London, with Hong Kong four points behind London in third. Singapore…