SCOR CEO Takes 30% Bonus Cut; 2019 Dividend Scrapped on COVID-19 Crisis May 26, 2020 By L.S. Howard French reinsurer SCOR announced that its Chairman & CEO Denis Kessler will receive 30% less in his annual variable compensation...
Update: AXA to Pay Business Interruption Claims to Restaurants After Court Ruling May 26, 2020 By Maya Nikolaeva and Sudip Kar-Gupta A Paris court ruled last week that AXA should pay a restaurant owner two months of revenue losses caused by...
French Court Orders AXA to Pay Restaurant’s COVID-19 Business Interruption Losses; AXA Vows to Appeal May 22, 2020 By Elizabeth Pineau and Maya Nikolaeva A Paris court ruled that insurer AXA must pay a restaurant owner two months’ worth of coronavirus-related revenue losses, the...
French #MeToo Milestone: Court Orders Dentist to Pay Damages for Sexual Harassment April 24, 2020 By Gaspard Sebag A dentist was ordered by France’s top court to pay damages for sexually abusing a female assistant after the man...
French Insurers to Contribute $216M to Coronavirus Solidarity Fund for Businesses March 23, 2020 French insurance lobby FFA said on Monday insurers would contribute up to 200 million euros ($216 million) to funds set...
European Insurers’ Coronavirus BI Claims Likely to Be Limited: Moody’s, ABI March 20, 2020 Insurers in the UK, France and Germany are likely to face only moderate business interruption (BI) claims as a result...
France to Require Insurers, Banks to Run Climate Change Stress Tests in 2020 December 2, 2019 France’s financial regulator will subject banks and insurers to climate change stress tests next year, central bank governor Francois Villeroy...
BHSI Forms Construction, Casualty Teams in France, Led by AXA XL’s Antiphon, Bonifay October 29, 2019 Berkshire Hathaway Specialty Insurance (BHSI) announced it has commenced underwriting casualty and construction insurance in France and filled two key...
Liberty Specialty Markets Taps Brodu from AIG as Head of Financial Lines, France August 29, 2019 Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, announced the appointment of Antoine Brodu as head of Financial...
BHSI Gets French Insurance License, Names d’Huart from AXA XL as Country Manager June 11, 2019 Berkshire Hathaway Specialty Insurance (BHSI) announced it has received its insurance license in France, established a new office in Paris,...