France challenges Iran to act quickly on nuclear talks

In a prepared statement, the Venezuelan Attorney General’s Office said 17 people have been arrested in the drug trafficking case. The flight originated at Simon Bolivar International Airport in Caracas, the Venezuelan capital. An Air France executive in Venezuela, six airline employees, a security guard and a loading platform supervisor are among those arrested. Eight members of the Venezuelan national guard are also in custody and were scheduled to appear in front of a judge Wednesday afternoon for a preliminary hearing. On September 11, French authorities discovered 1.3 tons of pure cocaine stuffed inside 30 suitcases on the flight. The colorful bags did not match any of the passengers on board, CNN affiliate BFMTV reported. Coast Guard makes $20 million cocaine bust Huge drug bust off the coast of Florida Drug busts at sea: 4 tons of cocaine The street value of the stash is about 200 million euros, or $270 million. Woman busted in Spain for cocaine in breast implants Authorities worked with Spanish, British and Dutch police on the investigation, BFMTV said. This case “illustrates the importance of strengthening International cooperation in the fight against traffickers,” French Interior Minister Manuel Valls said. Suspected drug smugglers sail to jail In Venezuela, authorities promised a swift investigation as soon as the confiscation was announced in Paris. All 17 arrests were made in less than three days. Venezuelan Interior and Justice Minister Miguel Rodriguez Torres told reporters in Venezuela that authorities think an organized crime group with Italian and British members is responsible for the shipment.

France Insurance Market Trends & 2017 Opportunities: Life, Non-Life and Reinsurance Industry Analysis

“The Iranian foreign minister discussed the heart of the matter … he spoke about taking a year to move forward, but I reminded him that his president had spoken about three to six months, and he said that he’d be pleased if things could be done more quickly,” French Foreign Minister Laurent Fabius told reporters in New York. “I told him that we had to move quickly and that’s one of the issues that needs to be dealt with, because does nuclear production continue during the negotiations?” Fabius added. Iranian Foreign Minister Mohammad Javad Zarif met with his counterparts from Britain, China, France, Germany, Russia and the United States at the United Nations to discuss the nuclear issue on Thursday. Zarif, promising to address concerns within a year, made a presentation about the next steps that Iran and the six powers might take to try to resolve the standoff, which has eluded a solution for a decade. French President Francois Hollande was the first Western leader to meet new Iranian President Hassan Rouhani during the annual meeting of the U.N. General Assembly this week, warning that Paris expected “concrete gestures” by Iran to show it will give up a military nuclear program. France has been a strong advocate of sanctions to pressure Iran over its nuclear program. The United States and its allies suspect Iran is seeking nuclear bomb-making capability despite Tehran’s insistence that its program has only peaceful aims. “We can’t find ourselves in a position where the discussions last a year and during this time the number of centrifuges increase, and to enter the technical details that the Arak reactor progresses, which would be a problem,” Fabius said. Hollande told the U.N. General Assembly he was encouraged by the words of the new Iranian government but he now wanted Tehran to follow through with concrete action.

During the review period, turbulent financial and economic conditions adversely affected the segment’s performance. The segment posted a CAGR of 0.9%, with gross written premium expanding from EUR122.4 billion (US$180.0 billion) in 2008 to EUR127.0 billion (US$163.4 billion) in 2012. The segment’s penetration rate remained stable at 6.3% in 2012. Pension products were the leading French review-period life insurance product category. Pension policies accounted for 82.3% of the segment’s premiums in 2012. Bancassurance dominated the life insurance distribution network. The channel accounted for an average share of 60.6% of the total review-period life insurance commission paid. Complete report Life Insurance in France, Key Trends and Opportunities to 2017 is available at http://www.rnrmarketresearch.com/life-insurance-in-france-key-trends-and-opportunities-to-2017-market-report.html . France has a large and well-developed domestic reinsurance segment, with the reinsurance premium valued at EUR16.4 billion (US$21.0 billion) in 2012. There were 19 reinsurers operating in France at the end of 2011. International reinsurers such as Munich Re, Swiss Re and Berkshire Hathaway dominated the segment.