France Wins 2013 ISA World Longboard Championship in Peru

14 to vote on the increase. Air France members on the Alitalia board opposed the plan, news agency Ansa reported, without saying where it got the information. An Air France spokesman declined to comment. Air France said Sept. 23 it would await more information from the Italian carriers board before committing to any move. Hiring Advisers The relatively small capital increase being sought suggests the move is only a short or mid-term solution, said Yan Derocle, an analyst at Oddo Securities in Paris. Air France has hired Lazard Ltd. (LAZ) and Mediobanca SpA (MB) as advisers to consider its options on Alitalia, Italy s Messaggero reported this week, without saying where it obtained the information. Alitalia in turn has hired Gruppo Banca Leonardo as seeks to end operating losses in 2014. While owning Alitalia would give Europes largest airline access to one of the regions biggest aviation markets and help feed trans-Atlantic routes, the need for capital comes as Air Frances domestic unit struggles to stem its own losses. The Paris-based carrier last week scrapped a target of reaching break-even at Air France as it sought to cut 2,800 more jobs. Italys Infrastructure and Transport Minister, Maurizio Lupi, met with his French counterpart yesterday to discuss the situation. He has said the government is not against Air France doubling its stake, while seeking guarantees on jobs and investments for the flagship carrier. Falling Traffic The Italian airlines passenger traffic retreated 4 percent to 10.7 million passengers in the first six months, with revenue falling to 1.62 billion euros. Net financial debt for the carrier reached 946 million euros, including 600 million euros for aircraft liabilities, it said.

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

One of the victims, aged 23, died at the scene, while a second, aged 22, was ‘wounded in the legs’, according to a police source in the southern city of Montpellier. The pair – who have not yet been named – had been part of a group of six friends trying to make their way to a nightclub in the city, which is hugely popular with British students. They are believed to have been struck by a car. Fatal: A British student has been killed in France today and another badly injured as they tried to cross the busy A9 motorway (pictured) in Montpellier, France A driver was arrested shortly after the incident, which happened at about 1.25am. The students were last seen in the central reservation of the three-lane A9 motorway, which runs between Orange, near Avignon, and the Spanish border. Burglar who smashed policeman against lamppost by reversing with car door open in attempt to escape is jailed for 12 years ‘The fatal accident happened on the main motorway, which was briefly closed shortly afterwards,’ said a police source. ‘It is thought that the car hit the two students as they tried to get across one of the carriageways. Popular: Montpellier, the capital of France’s Languedoc-Roussillon region and the Herault department, is hugely popular with British students – many of whom are university undergraduates on the year abroad of their French degrees ‘The second victim was badly injured, but the leg injuries are not life threatening. The victim was taken to the university hospital in Montpellier.’ He added: ‘We are unable to release the names of the victims until their families in England have been informed.’ The driver of the car, who is in his 30s, was treated for shock at the same hospital. He has now been formally placed under criminal investigation. Night out: The pair had been part of a group of six friends trying to make their way to a nightclub in the French city (pictured) A spokesman for local prosecutors said the suspect – who has not yet been named – was being questioned on suspicion of ‘manslaughter and causing injuries’ in a police station in Montpellier. He said results of tests for alcohol and drugs were not yet known.

Russia – Syrian President Bashar al-Assad’s main ally – has resisted references to Chapter VII, which includes military and non-military action to enforce decisions. France has also demanded accountability for crimes in Syria and language calling the use of chemical weapons an attack on international security, which would give the Security Council power to act. But Fabius said “some issues still need to be clarified” before adoption of a resolution on ending Syria’s chemical arsenal. In comments broadcast late Wednesday, Assad told Venezuela’s Telesur television he is not ruling out a U.S. military strike on his country, despite agreeing to a deal requiring him to give up his chemical weapons. President Assad said his government remains committed to the U.S.-Russian deal, which emerged after the U.S. threatened airstrikes to punish his government for a poison gas attack last month on a rebel-held area that killed hundreds. Assad denies carrying out the attack. The U.S. delayed the airstrikes after Assad agreed to the deal. But the Syrian leader told Telesur that the possibility of what he called U.S.

In the individual divisions, France’s Antoine Delpero won the Open Men’s, South Africa’s Simone Robb won the Open Women’s, and Hawaii’s Honolua Blomfield won the Junior’s Under-18. Team France won the ISA Aloha Cup. “It’s been an incredible World Championship with excellent waves every day of the event,” remarked ISA President Fernando Aguerre. “This has been a historic World Championship as it is the first time an ISA World Longboard Championship takes place separate from the ISA World Surfing Games, and furthermore, the inauguration of the Women and Junior Longboard Divisions for the first time in ISA history. President Aguerre continued, “A very special thanks to all of the athletes, the whole town of Huanchaco, the public and private sector of Peru, and especially, the Peruvian Institute of Sport, the Association of Olympic Athletes of Peru, the Peruvian National Olympic Committee, the municipality of Huanchaco, and our dear event organizer of this first World Championship, Karin Sierralta.” Huanchaco’s great surf during the Final Day of competition continued. The waves were in the 3-5 feet range, bigger than previous days, with calm winds all day long, providing exceptionally long rides for the surfers to perform at their highest level. The first final in the water was the Junior’s Under-18, where Hawaii’s Honolua Blomfield won the Gold Medal earning 15.00. As one of only two girls entered in the Junior competition, Blomfield had a difficult task, but managed to dominate most of her heats throughout the event, including the final. “I just feel on top of the world! I can’t believe that I was able to make it this far,” said the elated Hawaiian. “On my first wave, a set wave, I just played safe and did a couple of turns and some nose riding and ended up getting a seven. I was just amped throughout the whole heat. Then another really long wave came through, a little nugget that peeled all the way to the inside and I ended up getting another seven on that one.” These two rides added up to a winning performance. The Silver Medal went to France’s Martin Coret (13.24), the Bronze to Brazil’s Caio Santana (10.56) and the Copper to South Africa’s Ethan Pentz (7.27).

France Sees Advances on UN Syria Resolution

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 . (Photo: ) 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. Despite slow growth in the insurance industry, the reinsurance segment increased at a review-period CAGR of 4.9%. Complete report Reinsurance in France, Key Trends and Opportunities to 2017 is available at . Non-life insurance accounted for 24.5% of the French insurance industry’s written premium in 2012, making it the second segment in the industry after life insurance segments, which accounted for 65.5% of overall written premiums in 2012. The segment grew in written premium value from EUR43.7 billion (US$64.3 billion) in 2008 to EUR47.5 billion (US$61.1 billion) in 2012, at a review-period CAGR of 2.1%. Complete report Non-Life Insurance in France, Key Trends and Opportunities to 2017 is available at . Companies profiled in these reports (profiled in different reports as per their market relevance) include: Scor Re, Munich Re, Swiss Re, Hannover Re Lloyd’s France RGA France, CNP Assurances SA, Groupe Credit Agricole Assurance, Axa France BNP Paribas Cardif, Generali France SA, Societe Generale Insurance, Allianz France SA, Covea Mutual Insurance Group, Groupama SA and Sferen (MACIF, MAIF and MATMUT). Key highlights from France Reinsurance Market Report, available for purchase at , includes: The majority of reinsurance revenues are generated from the non-life segment, as non-life insurers ceded an average of 23.7% of their written premium during the review period In terms of category, treaty reinsurance accounted for 93.9% of the reinsurance premiums in 2012 Munich Re remained the leading company with a 15.0% share of the total reinsurance premiums in 2011, followed by Swiss Re with 10.1% and Berkshire Hathaway with 7.7% The occurrence of natural disasters intensified the dependency of insurance companies on reinsurers and is likely to increase the costs of renewal Key highlights from the French Life Insurance Market Report, available for purchase at , includes: The French life segment’s industry share increased during the review period from 65.5% in 2008 to 65.7% in 2012 Reform introduced in the Insurance Code of France by the Ministry of Economy and Finance will allow insurance companies to lend directly to non-listed companies, such as small and medium size enterprise (SME), which will have positive impact on diversification of investment income In order to diversify risk and attain faster growth, French insurers are going for mergers and acquisitions in overseas markets.