Posts Tagged ‘France’



September 2nd, 2015

Guy Carpenter Completes Development of Probabilistic European Hail Model

Posted at 3:45 AM ET

Guy Carpenter today announced the completion of the final phase in the development of its pioneering probabilistic European hail model. The enhancements to the G-CAT® Hail Model expand the number of countries covered by the model to include Belgium, Czech Republic, France, Luxembourg, the Netherlands, Spain and Switzerland.

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April 1st, 2015

Insured Cat Losses – Europe/Middle East/Africa – 2014

Posted at 1:00 AM ET

Insured losses for the regions encompassing Europe, the Middle East and Africa accounted for around 21 percent of global insured losses in 2014. The most significant events included the severe convective outbreak (hail and windstorm Ela) that affected areas including Germany, France, Belgium and Austria. A frontal boundary crossing the area initiated severe thunderstorms and supercells. The thunderstorms inflicted damaging wind gusts and hail over a widespread area with reports of hail exceeding seven centimeters (2.8 inches) in diameter and isolated reports of hailstones as large as 12 centimeters (4.7 inches).(1) Estimated insured losses from this event were around USD2.8 billion.(2)

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November 17th, 2014

Compensation “Emerging Risks”

Posted at 1:00 AM ET

From an “emerging risks” perspective it can be seen that the inadequacies of the “lump sum” method of compensation have been highlighted by a number of systemic factors:

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September 4th, 2013

Guy Carpenter Appoints PSG Executive for France, Iberia & Italy

Posted at 11:00 PM ET

Guy Carpenter announced that Dorothée Mélis-Moutafis will join Guy Carpenter as Managing Director in the firm’s Property Solutions Group (PSG) with specific responsibility for France, Iberia and Italy, effective September 6, 2013.

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September 11th, 2012

Guy Carpenter Report Details European Legislative Developments for Casualty Insurance Market

Posted at 11:30 PM ET

Guy Carpenter issued its semiannual analysis of key European legislative developments affecting the casualty insurance industry. Produced in collaboration with law firm Heuking Kühn Lüer Wojtek and its network of legal experts across Continental Europe, the report, Recent Legislative and Judicial Developments in Continental Europe Affecting the Casualty Insurance Industry, analyzes the most impactful and significant legislative changes and judicial developments across 11 jurisdictions, which include:

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May 1st, 2012

Continental European Legislative and Judicial Trends: France - Does the Prohibition of Discrimination in the Insurance Industry Conflict with the Principle of Equality?

Posted at 1:00 AM ET

David Lewin, Managing Director
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Background

The CJEU has continually shown its commitment to fight discrimination and just took another step in that direction. In a judgment delivered on March 1, 2011, in the case of Tests-Achats (Belgian consumers association) versus Belgium, the court found that Article 5 of Council Directive 2004/113 allows member states to maintain an exemption in the insurance field from the rule of unisex premiums and benefits without a time limitation and that this exemption is incompatible with the principles established by the European Charter of Fundamental Rights (ECFR), namely equality between men and women and non-discrimination on the grounds of gender.

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April 24th, 2012

European Countries Face Continued Challenges Adapting Local Legislation to EU Legal Requirements

Posted at 1:00 AM ET

Guy Carpenter published its semiannual report on key legislative developments in Europe affecting liability insurers and reinsurers. A number of these developments underscore the challenges in adapting local legislation and jurisprudence to European Union (EU) and international law.

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January 26th, 2012

January 2012 Reinsurance Renewal: France

Posted at 1:00 AM ET

Catastrophe excess of loss ROLs were flat to up 5 percent in France at the January 1, 2012, reinsurance renewal. Per risk programs - both working layer and high risk excess - were flat year over year, largely because of primary market dynamics.

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November 17th, 2011

Conclusion: Recent Legislative and Judicial Developments in Continental Europe Affecting the Casualty Insurance Industry, Fall 2011

Posted at 1:00 AM ET

A broad diversity of topics is investigated in our latest update:

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November 9th, 2011

Continental European Legislative and Judicial Trends: Who Shall Bear Monetary Compensation for Victims of Mediator® in France?

Posted at 1:00 AM ET

David Lewin, Managing Director
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The scandal surrounding the Mediator® diabetes drug (benfluorex hydrochloride) was revealed by Dr. Irene Frachon in June 2010 in her book, whose title could not be more explicit - “Mediator 150 mg - How Many Deaths?” This title triggered the first of many legal battles with Servier Laboratories, the manufacturer of the Mediator drug. While Servier won the first round, when judges ordered that “How Many Deaths?” be deleted from the book’s title, the Court of Appeal of Rennes later allowed the subtitle, emphasizing that the book was contributing to a legitimate debate regarding the Mediator case.

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