France News

Willis Towers Watson Completes Purchase of French Aviation Broker, OAAGC

Willis Towers Watson has concluded its negotiations with OAAGC, the French aviation brokerage, and has now completed the acquisition of its team and book of business. Willis Towers Watson said the deal makes it the leading aviation broker in France. …

Willis Towers Watson Plans to Acquire French Aviation Broker, OAAGC

Willis Towers Watson has entered into exclusive negotiations with OAAGC, the French aviation brokerage, to acquire its team and book of business. Paris-based OAAGC (Office d’Assurances Aériennes G. de Cugnac) was founded in 1898 and its team of 16 is …

BHSI Opens London Office, Expands UK & Southern Europe Team

Berkshire Hathaway Specialty Insurance Co. (BHSI), in coordination with its affiliate Berkshire Hathaway International Insurance Ltd. (BHIIL), announced it has opened a new office in London. In addition, key executive roles have been filled. Richard Nathan has been named head …

French Insurers & Bankers Aim to Beef Up Fintech Investments

After years of lagging behind London on spawning financial technology startups, Paris this week hosted a show of force aimed at proving the French capital can catch up as more than 1,500 bankers, investors and entrepreneurs gathered. The Paris Fintech …

Allianz Eyes Purchasing Generali’s French Operations: Sources

Allianz SE, Europe’s largest insurer, is in discussions with Assicurazioni Generali SpA as it weighs a bid for the company’s French operations, according to people familiar with the matter. Allianz executives are uncertain whether a combination with the French insurance …

XL Catlin Enhances D&O Offering in France

XL Catlin has enhanced its directors & officers insurance offering in France with the launch of three coverages catering respectively to mid-sized companies, publicly listed companies and financial institutions. These solutions protect business leaders – whether they act as CEO, …

French & German Floods to Hit Insurers’ Earnings but Not Ratings: A.M. Best

The earnings of French and German insurers during the first half of 2016 will be dampened by flood claims following storms Elvira and Friederike, which pounded the countries in quick succession between late May and early June, according to a …

Insured Losses from French Floods May Total $682M: Industry Association AFA

Insurance executives meet with government officials in Paris Monday to assess the cost of flooding in the Centre and Ile-de-France regions as the Seine river recedes from its highest levels in more than three decades. The river flowing through the …

France’s CNP Assurances in Talks to Buy BTG’s Brazil Insurance Units

French insurer CNP Assurances has entered exclusive talks with Grupo BTG Pactual SA to buy its 51 percent stake in Brazilian insurer Pan Seguros, two sources familiar with the matter said on Tuesday. CNP Assurances has offered 1.6 billion Brazilian reais ($396 million) …

Dartigues Joins JLT Re’s Paris Office as Client Manager

JLT Re the global provider of reinsurance broking and consultancy, has appointed Eve Dartigues in Paris as a client manager. Dartigues started her career in aviation insurance at La Reunion Aerienne and in property catastrophe reinsurance at Liberty Specialty Markets …