French market News

Berkshire Hathaway Specialty Insurance Introduces D&O Insurance Policy in France

Berkshire Hathaway Specialty Insurance (BHSI) announced it has introduced a proprietary directors & officers insurance policy in France. “Our new D&O liability policy provides companies and their management across France with primary capacity backed by the stellar balance sheet, long-term …

France Narrows Gap on UK Financial Services Sector for Foreign Direct Investments

France’s financial sector is now the most popular destination in Europe for U.S. backers, helping the country narrow the gap with the UK for foreign direct investment in the industry. The country recorded a total of 60 FDI projects in …

Berkshire Hathaway Specialty Insurance Opens Office in Lyon, France

Berkshire Hathaway Specialty Insurance (BHSI) announced it has further expanded its presence in Europe with an office in Lyon, France. “As we continue to grow steadily across Europe, the time is right to expand with an office and expanded team …

People Moves: Miller Taps RKH’s Malin, Marsh’s Gil Ramirez for Renewables Team; Chubb’s Haquette to Lead HDI Global’s France Branch Office

This edition of International People Moves details appointments at the London-based broker Miller and the insurer HDI Global in France. A summary of these new hires follows here. Miller Appoints RKH’s Malin, Marsh’s Gil Ramirez for Renewables Team Miller, the …

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 Offers €300M to Settle COVID-19-Related BI Claims for French Restaurant Owners

AXA has offered a settlement to 15,000 French restaurant owners that purchased non-damage business interruption insurance after previously denying coverage during the 2020 COVID-19 lockdowns. AXA estimates the cost of these settlements will be approximately €300 million (US$365.5 million) before …

Aviation Broker Piiq Risk Partners Receives License to Operate in France

Piiq Risk Partners, the global aerospace re/insurance broker, announces that it has received regulatory approval to operate in France. Piiq’s French operation will act as a base for expanding its services across the French and European markets. It reinforces Piiq’s …

BHSI Launches Environmental Impairment Liability Insurance in France

Berkshire Hathaway Specialty Insurance (BHSI) has introduced Environmental Impairment Liability (EIL) Insurance in France. The new policy pairs coverage for multiple environmental risks with technical and legal support to help insureds mitigate environmental incidents and claims. BHSI said the policy …

SCOR CEO Takes 30% Bonus Cut; 2019 Dividend Scrapped on COVID-19 Crisis

French reinsurer SCOR announced that its Chairman & CEO Denis Kessler will receive 30% less in his annual variable compensation for 2019, which is equal to €325,260 (US$354,333). In addition, the company has decided to cancel its 2019 dividend. Kessler’s …

Update: AXA to Pay Business Interruption Claims to Restaurants After Court Ruling

A Paris court ruled last week that AXA should pay a restaurant owner two months of revenue losses caused by the virus pandemic. AXA had argued its policy did not cover business disruption caused by the health crisis. Stephane Manigold, …