Paris News

FM Global Gets License in Luxembourg to Launch Post-Brexit EU Hub

U.S. commercial property insurer FM Global has been approved to run a European hub in Luxembourg, a move allowing it to issue policies in the European Union and other countries following Britain’s decision to leave the bloc, the company said …

Rival EU Cities Compete to Attract UK Firms Seeking Post-Brexit HQs

Ireland has complained to the European Commission that it is being undercut by rival centers competing to host financial firms looking for a European Union base outside London after Brexit. Last week, U.S. insurer AIG became the biggest group so …

Scant U.S. Insurance Presence at Paris Summit, Says Ceres

You’d think just about everyone who’s anyone attended the massive climate change summit in Paris ending this week. The 2015 United Nations Climate Change Conference, COP 21, drew an estimated 50,000 attendees to discuss ways to reduce Mankind’s carbon footprint, …

French Court Clears Continental of Criminal Liability for 2000 Concorde Crash

Continental Airlines was cleared on Thursday of criminal responsibility for the Concorde crash in Paris in 2000 that killed 113 people, with a French court also absolving a mechanic at the U.S. airline of involuntary manslaughter. The appeals court ruling, …

Miller Opens Paris Office

Specialist insurance and reinsurance broker Miller Insurance Services LLP has opened an office in Paris in a move to increase its reinsurance presence in Europe. Pierre Guntzberger will be based at the new office and will “work closely with the …

Baucher Joins Argo’s Paris Team to Manage Casualty & Financial Lines

Argo Group International Holdings announced that Valerie Baucher has joined Argo Assurances, the Argo Group’s Paris-based underwriting platform for large specialty risks. She will lead a financial lines and casualty account with French brokers. “Valerie’s expertise in setting up and …

MAPFRE RE Opens Paris Branch Office

MAPFRE RE has opened a branch office in Paris, which, it said would “promote the development of LHA reinsurance (Life, Health and Accidents). The new branch joins offices previously opened in Athens, Brussels, Lisbon, London, Madrid, Milan and Munich, in …

Air France Crash Investigators to Open Black Boxes

Relatives of some of the 228 people killed in a Rio-Paris jet crash voiced hope on Thursday that their two-year wait for an explanation may soon be over as experts prepared to open the aircraft’s “black box” recorders. Investigators into …

Searchers Find Second Air France Crash Flight Recorder

Search parties scouring the sea bed off Brazil’s northeast coast have recovered the second of two flight recorders from the Air France aircraft that crashed into the Atlantic in June 2009, investigators said on Tuesday. The discovery of the audio …

Ritchie to Head New Argo Int’l. Paris Branch Office

The Bermuda-based Argo Group International Holdings announced that Bruno Ritchie has joined the company to lead Argo Assurances, Argo Group’s new Paris-based underwriting platform for large specialty risks. The new branch will “initially focus on insurance solutions for space and …