France
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German business bears the brunt of cyber offensive
The fifth edition of the Hiscox Cyber Readiness Report finds that German businesses accounted for more than a third of…
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French non-life market maintains stable outlook from AM Best
AM Best has maintained its stable outlook on the French non-life insurance market despite commercial insurers running into problems last…
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Global economy to shrink 18% by 2050 if no action on climate change, says Swiss Re
The world’s economy risks losing 18% of GDP during the next 30 years if there is no action on climate…
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Brexit has already pushed over 440 financial services firms to Europe
More than 440 UK banking and finance firms have relocated part of their business, moved staff or set up new…
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Howden and Gallagher lead the hunt for WTW’s European business
Howden and A J Gallagher are frontrunners for the Willis Towers Watson (WTW) business in Europe that it seems Aon…
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Insolvencies to ‘surge’ by 26% in 2021: Atradius
Insolvencies are set to jump 26% globally this year with several European countries likely to be worst hit as the…
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Aon offers to sell WTW’s multinational P&C portfolio in four EU countries: Reuters sources
Aon has offered to sell Willis Towers Watson’s (WTW) entire large multinational P&C portfolio in Germany, France, Spain and the…
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AXA places first green bond for $1bn
AXA has placed its first subordinated green bonds worth €1bn, which are due in 2041. Issued under the group’s new…
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Allianz continues pan-European expansion plan with acquisition of Aviva Italia
German insurance group Allianz has signalled its intent to remain a serious player in the Italian insurance market through its…
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AXA appoints Generali’s de Courtois as deputy CEO in management shake-up
AXA has named Generali’s Frédéric de Courtois as deputy CEO, along with George Stansfield, within a new structure that ushers…
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Scor hits back at Covéa’s ‘deceitful’ complaints against Kessler
Scor said it is “astonished” by Covéa’s “deceitful and groundless” complaint filed against chairman and CEO Denis Kessler for market…
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Ikea France stands trial for staff surveillance
A French court has opened trial in a prosecution against Ikea France and several of its former executive team accused…
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Hard market leading to spike in demand for claims help from corporates
France-based international loss-surveying group Erget has reported a rising level of demand for help with claims from corporate risk managers and…
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AXA announces new chairman to succeed Duverne in 2022
Antoine Gosset-Grainville will become AXA’s new chairman in April next year, when Denis Duverne stands down from the role at…
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AXA XL falls to €1.4bn loss and takes cover for adverse reserve development
AXA XL posted a €1.4bn underlying earning loss in 2020, from profits of €507m a year earlier, as Covid-19 and…
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Supply chain risks to hit hard in France as insolvencies rise
As some believe that vaccinations and economic recovery will bring their companies some peace of mind in 2021, a French…
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Scor P&C delivers 98.7% Q4 CR with 2020 Covid losses pegged at €284m
Scor P&C delivered a respectable combined ratio of 100.2% last year despite posting Covid-19 losses of €284m, as its parent…
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Aviva France sold to mutual Aéma Groupe for €3.2bn
Aviva has agreed to sell its French unit Aviva France to mutual insurer Aéma Groupe for €3.2bn. The acquisition, which…
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Sedgwick expands in France and French overseas territories
Sedgwick has opened new offices in Corsica, Gap and Guadeloupe to expand its claims and loss-adjusting services in France and…
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France links Centreon cyberattack to Russian hacking group
The French national cybersecurity agency says a three-year long cyberattack on Centreon software systems used by several large companies in…