Latest France Headlines

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

Willis Re Securities Completes €120 Million Catastrophe Bond for France’s Covéa Mutual

Nov 19 2019 // Willis Re Securities reports it has structured and placed EUR 120 million of insurance-linked securities (ILS) to provide reinsurance capacity for Covéa Mutual Insurance Group, France’s largest domestic...

French Search Teams Find Fragments of Airbus Engine that Exploded in Flight

Nov 7 2019 // French volunteer search teams have found fragments from an engine that exploded in mid-air over eastern France in July, officials said on Wednesday.The discovery came in an unprecedented search operation involving 150...

BHSI Forms Construction, Casualty Teams in France, Led by AXA XL’s Antiphon, Bonifay

Oct 29 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has commenced underwriting casualty and construction insurance in France and filled two key in-country leadership posts, naming Olivier Antiphon as head of...

Tokio Marine HCC Expands Surety Team in France with 2 Hires from Zurich Insurance

Oct 8 2019 // Tokio Marine HCC announced the appointment of Jennifer Metcalfe as senior surety underwriter – France, effective Sept. 16. She reports to Aymeric Vinet Desrues, head of Surety – France, who was appointed in...

Buffett-Owned Chemical Firm Lubrizol Faces Lawsuits After Fire in Rouen, France

Oct 2 2019 // More than 5,250 tonnes of chemicals, oil and fuel additives have burned in a massive fire at U.S. specialty chemical firm Lubrizol in Rouen, France, last week, the local prefecture said in a statement on Tuesday.Following...

Hackers Target Airbus via Computer Systems of Suppliers, Contractors

Sep 26 2019 // Airbus SE said it has taken steps to shield itself from cyber attacks targeting the European aerospace and defense company through subcontractors’ computer systems.The maker of passenger planes and military jets is...

France’s CNP Assurances Reaches Bancassurance Deal with Brazil’s Caixa Worth $1.7B

Sep 20 2019 // France’s CNP Assurances SA has reached a deal worth 7 billion reais ($1.7 billion) with Caixa Economica Federal to sell insurance in the bank’s more than 3,000 branches, the Brazilian state-owned lender said on...

BHSI Taps Executives from AIG and AXA XL as Claims & Product Line Leaders in France

Sep 19 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its leadership team in France, naming Katell Pouliquen as head of Claims, Louis du Ché as head of Property and Ludovic Ruiller as head of...

Liberty Specialty Markets Taps Brodu from AIG as Head of Financial Lines, France

Aug 29 2019 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, announced the appointment of Antoine Brodu as head of Financial Lines, France, with immediate effect.Brodu joins LSM from AIG France, where he spent...

Prospect of Brexit Deal Is ‘Touch and Go,’ Acknowledges PM Johnson

Aug 26 2019 // U.K. Prime Minister Boris Johnson acknowledged Sunday that the prospect of a Brexit deal was “touch and go,” as other European Union capitals grasp the problems Britain has with the withdrawal...

Airbus A380s to Undergo Safety Checks After Air France Crash Probe Finds Part

Aug 22 2019 // Investigators probing an engine explosion on an Air France A380 in 2017 are studying a possible manufacturing flaw in a recently salvaged cracked part in a move likely to trigger urgent checks on dozens of Airbus...

Europe’s Heatwave Was Even Hotter with Impact of Climate Change: Research

Aug 6 2019 // Heat scorched Western Europe this July in what will likely be confirmed as the hottest month in recorded history, according to the UN’s World Meteorological Organization.“This is not your grandfather’s...

Parametric Insurance Cover Provides French Farmers with Drought Relief

Aug 2 2019 // Hundreds of French farmers who signed up for specialist policies aimed at insuring against freak weather are getting swift payouts which could help them recover from heatwaves and prolonged droughts that hit parts of the...

Climate Change Blamed for Europe’s Latest Heatwave

Jul 26 2019 // Europe’s latest summer heatwave broke heat records just weeks after the continent had its hottest ever June, fueling concern that a shifting climate is triggering more extreme weather.Germany probably set a new...

Update: French Reinsurer SCOR Reports 62% Rise in Net Profit During 2nd Quarter

Jul 25 2019 // French reinsurer SCOR, which was the target of a failed takeover attempt last year, said its net profit for the second quarter rose 62% from the same period a year ago, helping the company meet financial targets it set...

Europe Faces Heatwave with London and Paris Expected to Break July Records

Jul 23 2019 // Europe is facing a second heatwave this summer, just weeks after the hottest June on record, intensifying concern over climate change and the rise in extreme weather events.Swathes of northwest Europe will struggle to...

French Bank Natixis Denies Reports of Takeover Talks for Credit Insurance Unit Coface

Jul 22 2019 // French bank Natixis said on Monday that it was not in talks over a possible takeover offer for Coface, the credit insurance subsidiary in which Natixis has a stake of around 41.7%.“Natixis states that, as previously...

Large French Companies Increasingly Are Targeted by Ransomware Attacks

Jul 12 2019 // Large companies in France are increasingly the targets of cyber attackers who lock up data and demand a ransom, but often refrain from reporting the assaults for fear of hurting their image, according to the French...

Economic Costs of European Weather Events in June Top $2B: Aon Report

Jul 11 2019 // Severe European storms during June had an economic price tag of US$2 billion, while insurers anticipated claims topping $1.5 billion, according to the latest edition of Aon’s monthly Global Catastrophe Recap...

French Utility EDF Prepares Its Nuclear Reactors for Climate Change

Jul 11 2019 // Electricite de France SA is preparing its nuclear power facilities to operate in more severe heatwaves in the coming decades as a changing climate may interfere with key electrical equipment.The utility, which produces...