France News

Capstone Underwriters’ Bellet Honored by French Government

Alain A. Bellet, owner and president of Capstone Underwriters LLC, in Dallas, Texas, has been awarded the Medal of Chevalier of the Legion of Honor, the highest decoration given by the government of France. The order of the Legion of …

ACE Launches Surety Services in France, Joins Global Surety Association

The ACE Group has expanded its international surety capabilities in Continental Europe, by launching services in France and making a new executive appointment to lead this initiative. Aymeric Vinet Desrues joins ACE as surety underwriting manager, France, where he will …

U.S. ‘Fiscal Cliff,’ Europe’s Debt Woes Worry G20

Leading world economies pressed the United States on Sunday to act decisively to avert a rush of spending cuts and tax hikes, warning that the so-called fiscal cliff is the biggest short-term threat to global growth. Unless a fractious Congress …

French Non-Life Sector Resilient, Despite Economic Difficulties: Best Reports

A new report from A.M. Best notes that the “French insurance market has experienced significant volatility during the past few years, although the non-life sector continues to grow.”  The report comments that while the life market contracted in 2011, gross …

XL Group Opens New Insurance Office in Lyon France

XL Group plc’s insurance operations announced the opening of a new office in Lyon , France and the appointments of Auberi Etienne and Clotilde Bartok to join the team serving middle market companies in France. Both Mr. Etienne and Ms. …

Moody’s Changes EU Rating Outlook to Negative

Moody’s Investors Service has changed its outlook on the ‘Aaa’ rating of the European Union to negative, warning it might downgrade the bloc if it decides to cut the ratings on the EU’s four biggest budget backers: Germany, France, UK …

Europe’s Tower of Babel Hampers Solution to Euro Crisis

As Europe considers a leap towards closer integration to try to save the euro single currency, it resembles the biblical Tower of Babel – unable to complete an ambitious project because the residents don’t speak the same political and economic …

Euro Zone’s Big Four Agree on $163 Billion Growth Boost; Split on Euro Bonds

The leaders of Germany, France, Italy and Spain agreed on Friday on a €130 billion ($163 billion) package to try to revive economic growth in Europe but differed over whether and how to launch joint bonds to combat the euro …

World Economies Prepare for Panic after Greek Elections

Authorities in the world’s major economies are preparing for a possible market storm or public panic after cliffhanger Greek elections this weekend, officials said on Thursday, should radical leftists win and cast doubt on the nation’s future in the euro …

Beazley’s Interim Statement for Q1 2012 Shows 9% Premium Growth

Beazley plc, which is domiciled in Dublin, Ireland, reported a 9 percent increase in gross premiums written to $465 million, compared to $426 million in the same period last year. Beazley’s interim management statement also noted the following highlights: – …