A new kind of national champion: French finance

Article Abstract:

The proposed merger between AXA and Union des Assurances de Paris, announced on Nov 12, 1996, is a sound move and should set a good precedent for other French firms. The combined firm will be the world's largest asset manager and second largest insurer, with a market capitalization of $20 billion.

Financial Services, Finance and Insurance, Financial services industry, France, Union des Assurances de Paris, AXA Corp.

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Undercover: Kroll Associates

Article Abstract:

Kroll Associates, the leading risk-management and investigative company in the world, has been purchased by Insurance Services Group. Kroll showed a 30% revenue increase in 1996, but the company also has lost a number of senior employees, and that there is widespread competition in the industry.

Detective & armored car services, Private Investigation Services, Investigation Services, Kroll Associates Inc., Private investigators, Insurance Services Group

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Pond leaping

Article Abstract:

Prudential is acquiring American General, which involves moving into the US market.

American General Corp., AGC, Prudential Corporation PLC

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