Reinsurance News

France

Fitch turns negative on French & German life insurance

4th December 2019

Fitch Ratings has revised its sector outlooks for French and German life insurance from stable to negative, citing the impact of ultra-low interest rates on capital, earnings, and business models. Ratings for most insurers still remain stable, however, due to strong capital positions and ongoing efforts to reduce sensitivity to interest ... Read the full article

Berkshire Hathaway enters casualty & construction markets in France

28th October 2019

Berkshire Hathaway Specialty Insurance (BHSI), the insurance arm of Warren Buffett’s global insurance and reinsurance company, has commenced underwriting casualty and construction insurance in France. As part of this move, the company also announced the appointments of Olivier Antiphon as Head of Construction and Anne-Sophie Bonifay as Head of Casualty for ... Read the full article

France declares state of natural disaster as major hail storm hits agriculture

18th June 2019

French authorities have declared a state of natural disaster following a destructive hail storm that ravaged crops in the Auvergne-Rhône-Alps region, a major centre of agriculture for the country. Strong winds and hailstones up to 7cm wide lashed south-east France over the weekend, causing many farmers in the area to lose ... Read the full article

157 Re provides valuable diversification for the expanding CCR Re

30th April 2019

The establishment of the first French domiciled collateralised reinsurance sidecar vehicle by state-backed CCR Re, supports the reinsurer’s ambitions to expand and diversify its catastrophe portfolio, according to Bertrand Labilloy, CEO of CCR Re. Launched at the end of March, 2019, 157 Re will assume a 25% quota share of the ... Read the full article

National nat cat scheme improves the resilience of french non-life sector, says A.M. Best

16th April 2019

The resilience of France's non-life insurance sector to recent adverse weather events is mostly a result of the country's natural catastrophe scheme, says A.M. Best. Global financial services ratings agency, A.M. Best has maintained its stable outlook on the french non-life insurance sector, supported by stable but challenging market conditions, the ... Read the full article