Articles by Alexandre Rajbhandari

French Insurers Say Cost of Riots Totals $305 Million, So Far

French insurers have so far received around 5,900 claims worth a total of some €280 million ($305 million) resulting from damage caused during a week of riots following the police shooting of a teenager. This compares with 10,000 claims for …

Climate Change at Top of Insurers’ Concerns, Followed by War-Related Risks

Climate change remains at the top of insurance companies’ biggest concerns even as Russia’s invasion of Ukraine stokes geopolitical and energy-related fears within the industry. Global warming is considered as the biggest risk to society in the next five to …

Climate Activists Ask Insurers to Withhold Cover for Giant Australian LNG Project

Climate NGOs are calling on insurers to withhold coverage for a giant LNG project and hold firm to their net zero ambitions. Reclaim Finance and other organizations have sent letters to global insurers, including AXA SA, Allianz SE and Swiss …

Credit Agricole to Bid for Banco BPM’s Insurance Units, in Competition With AXA

Credit Agricole SA intends to bid for Banco BPM SpA’s insurance businesses after having bought a minority stake in Italy’s third-largest bank, according to people with knowledge of the matter. The French bank is ready to compete with AXA SA …

AXA in Talks to Buy Majority Stake in Banco BPM’s Insurance Units

AXA SA is in early-stage talks to buy a controlling stake in Banco BPM SpA’s insurance businesses valued at about 1.5 billion euros ($1.6 billion), according to people with knowledge of the matter. AXA is considering a deal once Banco …

Climate Change Ranks as Top Concern for Insurers, Replacing Pandemic

Climate change has returned to the top of the list of insurers’ biggest concerns as the vaccine roll-out and gradual lifting of health restrictions see pandemic fears ease in many countries. Global warming was ranked as the biggest risk to …

French Chef Seeks $1.9M from Allianz for Biz Income Losses During COVID Lockdowns

A French Michelin three-star chef is asking Allianz SE for 1.6 million euros ($1.9 million) in insurance claims for losses suffered by his restaurants during the country’s lockdowns, a person familiar with the matter said. Chef Michel Troisgros has asked …

AXA Disputes Ruling that It Must Pay Millions of Euros in Back Taxes: News Report

AXA SA was ordered to pay tens of millions of euros in back taxes last year after French fiscal authorities deemed a Luxembourg-based structure was improperly used to avoid tax payments in France, Mediapart reported on Sunday. French fiscal authorities …

Pandemics Surpass Climate Change as Biggest Worry for Insurance Professionals: Study

Pandemics became the top concern for insurance professionals this year as the COVID-19 crisis roils the industry worldwide. Infectious diseases and pandemics were ranked as the most significant risks to society over the next five to 10 years in a …

France Weighs Insurance Options to Protect Companies, Jobs from Future Pandemics

The French government is looking at ways to shield companies from the impact of future pandemics. The goal is to protect companies and jobs from the damage that major events such as pandemics can cause, Finance Minister Bruno Le Maire …