Latest France Headlines

All the headlines from our France Topic Page, ordered by recency.

Le Pere Sybille – a Memory of the Great War

Nov 11 2008 // For the first time in 90 years no surviving French soldier from the First World War participated in today’s memorial services. The last “Poilus,” as soldiers who fought in the war are known in France,...

French Finance Minister Calls Lehman Bankruptcy a Major Mistake

Oct 8 2008 // Allowing Lehman Brothers to fail last month was a major mistake for the equilibrium of the global financial system, French Economy Minister Christine Lagarde said on Wednesday, adding that France would not abandon its...

Best Affirms, Withdraws Groupama Ratings

Sep 16 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of France’s Groupama S.A. Best also affirmed the FSR of ‘A’...

Best Upgrades Allianz Global Specialty, Allianz France

Sep 15 2008 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A+’ (Superior) from ‘A’ (Excellent) and the issuer credit rating (ICR) to “aa” from “a+” of Allianz Global...

French Insurers Scor, CNP Post Higher Profits

Aug 27 2008 // French insurance companies Scor and CNP posted higher first-half earnings on Wednesday after managing to ride out the credit crisis in the global financial markets.Scor, the world’s fifth-biggest reinsurer, said...

Ratings Recap: Allianz (UK), Generali (France), Generali (Germany), BEST Re

Aug 21 2008 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa” of UK-based Allianz Insurance plc (AZI) with a stable outlook. Best stated:...

3 Dead as Tornado Hits France

Aug 6 2008 // A fierce but short-lived tornado has left at least three people dead in northern France.Inhabitants of four regions are assessing the damage after the tornado collapsed some homes and uprooted trees along its path. The...

French Agriculture Minister: China, India Thwarted WTO Negotiations

Jul 31 2008 // France’s agriculture minister said Wednesday that “big emerging countries” were to blame for the collapse of World Trade Organization talks on opening up the global economy.The president of a leading...

Guermonprez Named CEO of Aon France

Jul 10 2008 // Aon Corp. has appointed Damien Guermonprez as chief executive officer of Aon France.He replaces Vincent Redier, who will continue to serve as executive chairman of Aon France, member of the executive board of Aon Risk...

French Govt. Reinsurer Gets Highest ‘A++’ Rating from Best

Jun 17 2008 // A.M. Best Co. has upgraded the financial strength rating to ‘A++’ (Superior) from ‘A+’ (Superior) and the issuer credit rating to “aa+” from “aa” of French government...

PartnerRe Makes Executive Changes in Global (Non-U.S.) Operations

Jun 2 2008 // Bermuda-based PartnerRe has announced the following executive changes in its Global (Non-U.S.) Operations: — Emmanuel Clarke has been named as Head of Specialty Lines, Global, effective Sept. 1, 2008. — He...

Sarkozy, Brown Pledge New Era of Cooperation

Mar 26 2008 // French President Nicolas Sarkozy and British Prime Minister Gordon Brown vowed to boost cooperation on the economy and immigration on Wednesday as Sarkozy began a visit aimed at improving awkward ties.Sarkozy, speaking of...

AXA Earnings: Net Income up 11% to $8.55 Billion; Conference Call Today

Feb 28 2008 // France’s AXA Group reported strong results for 2007. The earnings release cited the growth in underlying earnings up 27 percent to €4.963 billion [$7.5 billion] (up 15 percent on a comparable basis). Adjusted...

Towers Perrin Launches French Reinsurance Office

Jan 31 2008 // International professional services firm Towers Perrin announced that it is expanding its reinsurance intermediary business to serve the French domestic market. It has appointed Serge Mussard as Managing Director of its...

Risk Management Solutions Comments on French Windstorm Securitization

Jan 14 2008 // Risk Management Solutions gave details of the recent analysis it conducted for a securitization of windstorm risk in France.The securities were issued through Green Valley Ltd., a special purpose vehicle (SPV), and provide...

Allstate Pays N.Y. Homeowners $995K for Plane Vibration Damage

Jan 9 2008 // Allstate Insurance Co. has agreed to pay $995,000 to a Brooklyn couple who claimed their house was badly damaged by vibrations caused by an Air France Concorde jet nearly five years ago.The couple, John and Annette...

Swiss Re Places $294 Million French Windstorm Bonds

Jan 8 2008 // Swiss Re announced that it has successfully structured and placed €200 million ($294 million) of securities covering windstorm events in France.The deal forms part of a three-year reinsurance agreement between Swiss Re...

Lloyd’s Comments on Rugby World Cup Insurance Coverage

Sep 20 2007 // Even though the U.S. has a team – The Eagles – in the finals of the Rugby World Cup, the event doesn’t exactly get the same press coverage as the Super Bowl or the World Series. Nonetheless for the 20...

R&M Releases French ‘Snapshot’

Sep 7 2007 // Research and Markets has added “Snapshots France Insurance 2007” to their offering in its Snapdata series. It provides “2005 year-end market size data, with 2006 estimates, 4 years of historical data and...

Ill. Abbott Drops Lawsuit Against French AIDS Activist Group

Jul 25 2007 // Ill.-based Abbott Laboratories Inc. dropped a lawsuit against a French AIDS group on Monday over an alleged cyber-attack against the company’s Web site.The pharmaceutical and medical products maker filed the lawsuit...