Latest France Headlines
All the headlines from our France Topic Page, ordered by recency.
France’s EDF Joins OIL
Feb 6 2004 // Electricité de France (EDF), the government owned-electric utility, has joined the Bermuda-based mutual energy insurance group Oil Insurance Limited (OIL) effective Jan.31, 2004. The EDF, which supplies electricity,...
AXA 2003 Revenues Fall to $89 Billion on Dollar Weakness
Feb 3 2004 // France’s AXA Group reported total revenues for 2003 of 71.628 billion euros ($89.18 billion) compared to 74.727 billion euros ($93 billion) in 2002. The company said the decrease reflected its decision to exit...
RMS Risk Analysis for European Windstorm Losses Covers Electricity Transmission and Distribution
Jan 14 2004 // California-based Risk Management Solutions (RMS), a leading provider of products and services for the management of catastrophe risk, announced that it has performed the risk analysis for the Pylon Ltd. securitization...
148 Die in Red Sea Plane Crash
Jan 5 2004 // A chartered Boeing 737 with 148 people on board crashed into the Red Sea shortly after taking off from the Egyptian resort of Sharm el-Sheik early Saturday morning. There were no survivors. The plane, operated by Egyptian...
Terrorist Threats Disrupt Holiday Flights
Jan 2 2004 // The elevated terrorist threat levels decreed by the Homeland Security Department and the U.S. Transportation Security Administration, coupled with repeated warnings from the FBI, combined to disrupt trans-Atlantic air...
France Agrees to $770 Million Executive Life Settlement; Individuals Excluded
Dec 16 2003 // The French government and Credit Lyonnais (CL) have agreed to accept a settlement in the Executive Life case that will cost $770 million, but the deal excludes individuals named in the criminal case, currently pending in...
SCOR Back on Broker’s Lists; Expects Minimal Impact from Floods
Dec 12 2003 // France’s SCOR Group has issued an announcement indicating that its securities are once again “back on the security lists of the main brokers.” The company also said that the recent flooding in Southern...
France Still Hopeful on Executive Life Settlement
Dec 8 2003 // Despite the apparent deadlock in negotiations, French Finance Minister Francis Mer expressed continued hope that the parties in the Executive Life Affair could still reach an agreement. Interviewed on the radio station...
Floods Cause Death and Disaster in Southern France
Dec 4 2003 // Torrential rains, which have been falling on Southern France for almost a week, have caused heavy flooding in the region, resulting in five reported deaths, bringing road and rail transport to a standstill and halting most...
French Government Gets Another Month to Reach a Settlement in ELIC Case
Nov 17 2003 // Oct. 27 was supposed to be the “day of decision” for the French Government to sign (or not sign) an agreement, reached between the U.S. Attorney General’s (AG) Office in Los Angeles and representatives of...
French Government Gets Another Month to Reach a Settlement in ELIC Case
Nov 3 2003 // Oct. 27 was supposed to be the “day of decision” for the French Government to sign (or not sign) the agreement, reached between the U.S. Attorney General’s (AG) Office in Los Angeles and representatives...
FERMA Conference Highlights Risk Management Concerns
Nov 3 2003 // The second ever bi-annual conference of the Federation of European Risk Management Associations (FERMA), held Oct. 5 – 8 in Rome, Italy, featured presenters and workshops that highlighted both the similarities and...
FERMA Conference Highlights Risk Management Concerns
Nov 3 2003 // The second ever bi-annual conference of the Federation of European Risk Management Associations (FERMA), held Oct. 5 – 8 in Rome, Italy, featured presenters and workshops that highlighted both the similarities and...
French Government Obtains One Month Delay in ELIC Case
Oct 27 2003 // If anyone still harbored any doubts that the U.S. Attorney’s case against Credit Lyonnais (CL) and others involved in the takeover of Executive Life Insurance Corp. (ELIC) is highly politicized, they were dispelled...
France Blocks Executive Life Settlement
Oct 16 2003 // Despite the strong statements from Congressman Doug Ose (See related article in today’s West section), the French government has rejected the settlement agreement in the Executive Life case against Credit Lyonnais...
AEMI Appoints French as London Branch Manager
Oct 9 2003 // ACE European Markets Insurance Limited (AEMI) announced the appointment of Stephen French to the position of branch manager of its London office. French will also retain his current responsibilities as property...
France Refuses U.S. Extradition Request in Executive Life Case
Oct 9 2003 // France’s ministry of Justice has rejected a request from the U.S. Attorney’s Office in L.A. to extradite four French businessmen, who have been charged with participating in Credit Lyonnais’ (CL) takeover...
$585 Million Settlement at Hand in Credit Lyonnais/ELIC Fraud Case
Sep 22 2003 // Nothing apparently concentrates the corporate mind so effectively as being named in a criminal complaint. A week after a federal grand jury in Los Angeles issued a sealed indictment which reportedly accused it, and...
$585 Million Settlement at Hand in Credit Lyonnais/ELIC Fraud Case
Sep 22 2003 // Nothing apparently concentrates the corporate mind so effectively as being named in a criminal complaint. A week after a federal grand jury in Los Angeles issued a sealed indictment which reportedly accused it, and...
Zurich to Sell Most French Business to Generali
Sep 8 2003 // Zurich Financial Services announced that it has agreed to sell its French life business, including its Eagle Star operations and parts of its non-life operations in the consumer and commercial segments, distributed by...
