Zurich Financial Services Group (Zurich) and BNP Paribas (BNPP) have agreed on a framework for the transfer of derivative transactions and credit facilities and related assets by Zurich Capital Markets (ZCM) to BNPP.
BNP Paribas has taken over responsibility for servicing these transactions, and relevant ZCM employees have transferred to BNPP. Zurich and BNPP expect to conclude individual agreements for the transfer of specific transactions and facilities over the coming months.
Insurance news headlines delivered to your email.
Banks Still Face Legal Claims After $25 Billion Settlement
MF Global Judge to Examine Insurance Payments for Former Executives
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case
