Business Immo, the real estate website

Maxime Alimi

Head of Investment Strategy

Laurence Arnold

Responsable de la gestion de l'innovation et des initiatives stratégiques

Antoine Aubry

Responsable stratégies CORE - Fund Management

Germain Aunidas

Global head of development

Ruulke Bagijn

Responsable mondiale de la division real assets private equity

Axèle Bastien

Global Head of Legal

Hélène Bostyn

Fund Manager Axa REIM

Nicolas Bregerie

Directeur de projets de développement

Stephanie Caldeira

Head of Disposal France

Piero Carluccio

Junior asset manager

Laurent Clavel

Head of Research

Julien Conte

Deputy Head of Asia

Florence Dard

Global Head of Business Development Real Assets - Member of the Management Board Real Assets

Charles Daulon Du Laurens

Global head of client capital group

Ghislain De Jerphanion

Gérant de fonds - Département Gestion créances immobilières

Henry De Massia

Senior Talent Acquisition Consultant - Real Assets

Amal Del Monaco

Head of Asset Management Sector Specialists

Jérôme Delaunay

AM Country Team Head France - Country Team Head Benelux

Médéric Detrez

Senior asset manager

Anne-Laure Dury

Asset Manager Retail

Jean-Jacques Fabre

Responsable Portfolio Manager

Julien Gailleton

Directeur - Equipe dédiée à l'investissement dans les infrastructures

Anthony Gilsoul

Head of Beneficial Ownership Reporting, Global Compliance

Émilie Jaskula

Head of Asset Management France

Antoine Jozan

Head of Investor Relations and Marketing

Thomas Karmann

Head of Logistics

Michael Keller

Global Sustainability Coordinator

Francine Laugier

Learning & Development Specialist

Laurent Lavergne

Global Head of Asset Management and Development

Jean-François Le Teno

Global Head of Operational Architecture

Christophe Lebrun

Senior Transactions Manager Forestry, Real Assets

Laurent Liot

Directeur général délégué

Véronique Mattei

Responsable Portfolio Manager

Antoine Mesnage

Directeur des acquisitions

Martine Miet

Global Head of Operational Risk, Axa Investment Managers (AXA IM)

Xavier Ramette

Head of Asset Management Europe

Timothé Rauly

Head of Funds Group

Gautier Ripert

Global Head of Operations

Nathalie Savier Lacour

Senior Development Manager

Isabelle Scemama

Chief Executive Officer, Real Assets

Deborah Shire

Global Head of AXA Structured Finance

Alice Steenland

Directrice RSE

Jocelyne Tamssom

Directrice de la communication

Frédéric Tempel

Global head of listed real estate

Anne Vendeman

Development Manager

Housing

AXA IM-RA partners with in’li on Greater Paris 9,800 units affordable housing portfolio

AXA Investment Managers - Real Assets (AXA IM - Real Assets) has created a long term strategic partnership with in’li, the leading operator of (...)

Office

Paris La Défense signs a deed of sale with AXA IMRA for the Altiplano project

Paris La Défense has just signed with AXA-IM Real Assets - acting on behalf of CDC Investissement Immobilier and another of its clients -, (...)

Finance

AXA IMRA raises over €1bn for second infrastructure debt fund

AXA Investment Managers - Real Assets (AXA IM - Real Assets) has just announced the successful final close of its second comingled European infrastructure debt fund, (...)

Finance

AXA IM - RA completes €13.7bn of transactions in 2019

Paris-based manager AXA Investment Managers - Real Assets has announced strong performance for 2019, having completed €13.7bn of transactions on behalf of clients and (...)

Office

DTZ Investors REIM buys Aquarel building in Issy-les-Moulineaux

Acting on behalf of an OPPCI fund, DTZ Investors REIM has acquired the Aquarel office building in Issy-les-Moulineaux, near Paris, from AXA Investment Managers (...)

Office

Paris-La Défense : AXA IM-RA sells 30,000 sqm Parallèle building to La Francaise

Paris-based La Francaise has acquired off-plan, on behalf of one of institutional clients, the Parallèle building, a 30,000 sqm office asset located in the (...)

Logistics

AXA IM-RA acquires 275,000 sqm European logistics portfolio from AEW

Paris-based manager AXA IM-RA has completed the acquisition of a pan-European logistics portfolio of some 275,000 sqm from counterpart AEW on behalf of one (...)

Finance

AXA IMRA appoints Lavergne as Global AM head, Rauly at head of fund mgt

Paris-based AXA IMRA has appointed Laurent Lavergne as Global Head of Asset Management & Development, naming Timothé Rauly as sole Head of Fund Management. The changes result largely from the (...)

Office

BlackRock makes first French investment with EFV - Tour Voltaire in La Défense

US wealth management giant BlackRock has made its first investment in France from its Europe Property Fund V raised in summer - the 36,000 (...)

Housing

Coliving at the forefront of Europe’s housing solutions

In its recently published European Coliving Index, JLL estimates that coliving has grown to 23,160 beds either built or in the development pipeline across (...)

Housing

AXA-IMRA acquires Oaktree's French student housing group Kley

Paris-based AXA-IMRA has, for an unknown sum, acquired the Kley Group, an operator of student housing across France. Vendor was its founder. California's Oaktree Capital Management. Oaktree said Kley is (...)

Office

France's AXA IMRA completes €900m purchase of NorthStar Realty Europe

France's AXA IM - Real Assets has completed its €900m purchase of the entire share capital of NorthStar Realty Europe, which holds €1.1bn of (...)

Hospitality

France's Gecina, BNP Paribas RE drop bid to build Paris 2024 Olympic village

French REIT/SIIC Gecina and BNP Paribas Real Estate are dropping their joint bid to construct the future athletes' village for the Paris 2024 Olympics. The (...)

Housing

AXA IM-RA pays €77m to acquire 216-unit Barcelona housing project

Paris-based AXA Investment Managers-Real Assets has acquired a 216-unit residential project in Barcelona, Spain, paying €77m in a forward purchase deal. The site has been (...)

Retail

French 2Q retail investment falls 24%qq to €550m but household morale seen good

Investment in French retail property fell by 24% between the first and second quarters to €550m, taking total in 1H19 to €1.3bn but household (...)

Retail

AXA IM-RA purchases stakes in Paris retail-based assets for total €676m

Giant Paris-based asset manager AXA IM-RA has added stakes in two Paris retail-based assets, Italie Deux and Passage du Havre, for a total investment of €676m. The (...)

Hospitality

Paris-based AXA IM-RA makes 5th Amsterdam hotel acquisition

Paris-based AXA Investment Managers-Real Assets has made its fifth Amsterdam hotel acquisition, purchasing the DoubleTree by Hilton at the Dutch capital's central station. In a (...)

Office

Germany's KanAm said acquiring state-let Barcelona offices for €100m

Germany's KanAm Grund group has paid around €100m to acquire eight office buildings in Spain's second city Barcelona, all leased to the Catalonian government, local media (...)

Office

Korean Mirae, French Amundi confirm Paris La Défense Majunga buy

Korea's Mirae Asset Daewoo and France's Amundi Real Estate have confirmed their purchase of the 67,036 sqm Majunga tower in Paris La Défense, advised by Deloitte. Mirae Asset Daewoo (...)

Office

AXA's $900m NYSE-listed Northstar takeover seeks euro office assets

Paris-based AXA Investment Managers is acquiring NYSE-listed European office investor NorthStar Realty Europe for around $900m, mainly for its assets on behalf of clients. In (...)

Housing

France selects Athletes' Village developers for 2024 Paris Olympics

France has selected the companies which will be assigned to develop the Athletes' Village for the 2024 Paris Olympics and Paralympics. The infrastructure is planned (...)

Office

Korean investors comb Paris La Défense after Mirae snaps up URW's Majunga for €850m

South Korean investors are watching Paris La Défense closely after news Unibail-Rodamco-Westfield has sold the Majunga tower to Seoul-based Mirae Asset Daewoo for €850m. The deal raises (...)

Finance

AXA IM-RE ends 2018 with €82bn AUM, to continue global expansion

AXA Investment Managers - Real Assets made €15.2bn of transactions last year, ending with €82bn AUM, and will continue to expand globally, stressing alternatives, value-add (...)

Housing

France's CDC, backed by Germany's Vonovia, said winner of SNCF housing at €1.4bn

With a near €1.4bn bid, France's CDC Habitat, backed by two state pension funds and Germany's Vonovia, has won the 4,000-unit housing portfolio sold (...)

Housing

"Why Greystar is expanding into PRS, student homes in France"

Business Immo: Who is Greystar? Hideki Kurata: Greystar is an integrated American-based platform specialising in residential real estate in the broad sense, with particular expertise (...)

Hospitality

AXA completes Tour Paris-Lyon office-hotel redevelopment

AXA Investment Managers-Real Assets has completed transformation of a 19-storey office tower near the Gare de Lyon in Paris into the Tour Paris-Lyon hotel, (...)

Finance

French La Francaise adds German Veritas to aid €70bn AUM target

Paris-based investment manager La Francaise has acquired German property asset manager Veritas, which runs over €7bn AUM in two firms based in Frankfurt and (...)

Retail

Future of retail lies not in online or stores but in both - EPRA debate

The future of retail lies not in online or stores but in multi-channel, the EPRA conference heard last week. But internet shopping has further (...)

Finance

European 1H RE investment slows to €110bn; should pick up in 2H - RCA

European real estate investment slowed 19%yy in the first half to €109.8bn as high prices led institutions to scale back, says New York-based research (...)

Finance

AXA IM-RA takes full control of DATA4 data centre firm

Paris-based AXA IM-Real Assets has acquired the remaining interest in European data centre operator DATA4 from Colony Capital, taking its ownership from 37%. The deal price has (...)

Logistics

Blackstone adds French logistics via Gramercy, one day after buying in Germany

Just one day after adding five logistics properties in Germany, US giant Blackstone is adding seven in France for €175m via Gramercy Europe, part of US REIT (...)

Finance

Aided by consolidation, global property fund AUM rises 22% to average €16.7bn

Primarily due to rapid growth of big managers, aided by a trend to consolidation, average assets managed by global property funds last year rose (...)

Health / Senior

AXA IMRA adds €250m portfolio of elderly care facilities in Paris

AXA Investment Managers - Real Assets, one of Europe's largest investing institutions, has acquire a €250m portfolio of elderly care residential facilities in Paris (...)

Finance

Japan capital entering euro real estate not for the cycle but the longer term

The entry of GPIF, Japan Post and other giant Tokyo institutions to European property is happening but may take longer if managers reject inital fee (...)

Finance

Rule of law, transparency, liquidity are key investment criteria - INREV panel

Rule of law, transparency and liquidity in global real estate markets are the key criteria for allocations, the INREV Annual Conference heard in a panel bringing (...)

Finance

Strongest year since crisis ahead for Europe; main risk is China - ULI Conference

The European economic cycle is not yet at its peak and this year should be the strongest since the crisis - but could extend (...)

Hospitality

Barcelo's Spanish hotel merger bid for NH synches with Chinese HNA troubles

The sharp rise in tourism to Spain that has brought at least two REITs and numerous funds surging into its hotel sector has sparked (...)

Retail

Poland's Griffin signs €1bn of 28 retail assets, earmarking 12 for Echo Polska

Poland's Griffin Real Estate, controlled by US funds Oaktree, PIMCO and South Africa's Redefine, has signed a deal reported earlier to acquire 28 domestic (...)

Investment

The global economic backdrop – too good to be true?

Financial markets and economies have hit a sweet spot, with strong growth continuing and no sign of stagflation in sight. While growth does remain (...)

Investment

Who is afraid of equity valuations?

The global financial crisis defied the vast majority of policymakers, but none more so than central banks. Based on economic history, and fearful of (...)

Investment

Controversy in Catalonia: What does it mean for investors?

On Sunday 1 October, Catalonia held a controversial referendum for independence. The vote was deemed unconstitutional by the Spanish Constitutional Court and the central (...)

Investment

Economic growth momentum stuck between political and policy uncertainty

In last month investment strategy, we highlighted how dwindling confidence in US policy-making, coupled with upbeat European growth momentum, had reshaped the market outlook. (...)

Innovation

The digital economy's next stage of evolution

The digital economy is becoming ever-more ubiquitous. Yet, its implications for investors remain largely unaddressed, as the link between the micro developments found in (...)

Innovation

How the digital economy is changing public policy

・Monetary policy is being challenged by the changing inflation landscape in the digital economy as well as by the emergence of alternative currencies that (...)

Investment

Clouds over US outlook, sunshine in Europe

・In the US, sentiment towards politics and policy has deteriorated as a result of escalating tensions with North Korea and poor cooperation between the (...)

Investment

China’s path to the end road : Is China destined to a financial crisis, lost decade or soft-landing?

Fears of a disruptive unwind of China’s structural imbalances have plagued the market in recent years. Given China’s global significance, such a shock could (...)

Green

Switch renewable energy remains firmly on

Regardless of President Trump announcing that the “United States will cease all implementation of the non-binding Paris Accord”, agreed at COP21 (Conference of Parties) (...)

Investment

July Investment Strategy - Waiting for Jackson Hole

The most spectacular change since our last Monthly Strategy paper has been the strength of the euro against the dollar. The currency’s appreciation reflects (...)

Investment

June Investment Strategy - Political optimism, market ambivalence

Following the recent spate of political events, the economic outlook looks far brighter than it did six months ago, mostly thanks to the euro (...)

Housing

European Residential Market

European residential markets are subject to a high degree of diversity, resulting from differences in both institutional and regulatory factors. Local market knowledge and (...)

Investment

May Investment Strategy - The return of central banks

With the Austrian, Dutch and now French elections having been ‘successfully’ navigated, fears of a populist wave hampering both globalisation and global growth have (...)

Investment

Significant opportunities, down under

2016 saw Australia celebrate its 25th consecutive year of GDP growth. And, with average growth of 2.7% per annum forecast over the next three (...)

Investment

April Investment Strategy - Counting on economic cycle extenders

As political risks in France (hopefully) continue to recede (according to our 6-49 model, the risk of a disruptive result in the French elections (...)

Investment

Rising economy and policy uncertainty

Global political effervescence dominated markets over recent times and as a result it has managed on many occasions to diminish the impact of much (...)

Investment

US Real Estate remains a fertile hunting ground

The Goldilocks analogy is arguably fitting in describing a US economy entering its eighth consecutive year of growth. A protracted recovery following the global (...)

Investment

March Investment Strategy - Capitulating on politics?

Markets have started looking on the bright side of life again after the Dutch elections, if tighter spreads in some European markets are anything (...)

Investment

Data Centers: Essential infrastructure for digital lives

We are all generators of data. From the smart phones in our pockets to our watching of TV on connected devices, the amount of (...)

Investment

Mapping to market

Using correlations across asset classes, we have mapped a variety of market conditions. The current conditions point to a benign environment, which is consistent (...)

Investment

January Investment Strategy - 2016 lessons for 2017

2016 started with a market crash and then between Brexit and the US election, it looked like a political roller coaster was on its (...)

Office

2017: Spotlight turns to the Euro area

is back and its return has revived investors’ expectations for growth. In turn, bond yields and commodity prices have risen. However, these movements are (...)

Investment

Infrastructure, where we start

Almost everyone relies on infrastructure in one way or another. Whether it is taking the train to work, having clean drinking water, turning on (...)

Hospitality

Asia Pacific - Australia, the first port call

A focus on the top 25 Global Cities, as defined in previous AXA IM – Real Assets research, includes many within the Asia Pacific (...)

Investment

Global Cities: The future of real estate investment

Over half of global office investment over the last five years occurred in just 25 cities. We are used to seeing remarkable statistics on (...)

Investment

September Investment Strategy : Can politics and central banks derail the ongoing recovery?

A surprisingly benign summer despite Brexit and ongoing modest recovery should not leave room for complacency. Central banks remain at the centre of market focus (...)

Investment

Brexit: Decision made - The implications for European Real Estate

The pollsters called it wrong, again. The UK has voted to leave the European Union (EU). While this was always a possibility, few markets (...)

Investment

August Investment Strategy : September and Eastern promises

An unexpected equity rally in July seems to have been driven by upside surprises in US economic data and investors re-risking post Brexit. Meanwhile, central (...)

Retail

Retailtainment: The winning combination of experience and leisure

The emergence of a new generation of better-informed and time-pressed shoppers has disrupted consumption patterns. The digital revolution and the prevalence of collaborative social (...)

Investment

Applying a 360-degree approach to property allocations

The unique characteristics of the real estate asset class, combined with visibility on the underlying cash-flow streams, enables real estate investors with a deep (...)

Logistics

Blurred lines: The merging of logisitics and retail

Online sales across Europe have grown at a much faster pace than overall retail sales, increasing by 18.4% across Europe in 2015, compared to (...)

Investment

Investing in today's markets

Global real estate has had a great run.Performance has been strong; global property funds returned 12.5% year-over-year as at Q1 2016, versus low single-digit (...)

HR / Working space

The impact of flexible working on European office markets

Hot-desking, co-working, remote login, touchdown space… Flexible workspace is home to a large range of work concepts and an even greater choice of workplace-related (...)

Investment

Value-add opportunities throughout the cycle

Over the last five years or so, many Commercial Real Estate (CRE) investors have favoured income producing, stable assets in main locations. Targeting investments (...)

Hospitality

Hotels : Here to stay

The global hotel industry has benefitted from an unparalleled rise in international travel over several decades. Hotel investors have positioned themselves to capture this (...)

Investment

Outlook 2016 : Accepting risks in the right areas

It is natural to approach each New Year with optimism, but markets had faltered just one month into 2016. Global equities stood around 12% (...)

Investment

China 2016 outlook - Three Rs: Rebalancing, Risk and Reform

The dreadful opening week of the Chinese markets for 2016 has reignited concerns about the world's second largest economy. What's more is that these (...)

Investment

Strategic directions - Investment recommendations in an uncertain market

 Investment returns can often deviate from their long-term averages. Figure 1 shows that while average annual IPD UK capital returns were 4.2% between 1973 (...)

Investment

European Quarterly Overview - Q2 2014

The rise in EU28 GDP of 0.4% in the fourth quarter of 2013 followed 0.3% of the third quarter, although the preliminary estimate for (...)

Investment

Europe’s 2013 in numbers - Q1 2014

The middle of 2013 heralded a turning point in economic sentiment. The Bloomberg Consensus Forecasts saw upward revisions to both the 2013 and 2014 (...)

Investment

European Quarterly Overview - Q1 2014

EU28 GDP rose by 0.3% in the third quarter of the year, disappointing after the 0.4% of the second quarter, but it was at (...)

Investment

Restart recovery - Q4 2013

The rise in EU27 GDP of 0.4% in the second quarter of the year represented an economic turning point, after the previous six quarters (...)

Investment

European Quarterly Country Review : United Kingdom - Q3 2013

The UK economy produced 0.7% growth in Q2, largely driven by the service sector. Encouragingly, all four main industrial sectors contributed to growth and (...)

Investment

European Quarterly Country Review : Germany - Q3 2013

German GDP grew by 0.7% in Q2 2013 on the back of strong household consumption and government expenditure, although the main driver of increased (...)

Investment

European Quarterly Country Review : Denmark - Q3 2013

Denmark’s economy has been contracting, but there are signs that the consumer sector, in particular, has stabilised following improvements in the housing market Office sector (...)

Investment

European Quarterly Country Review : France - Q3 2013

France technically recovered from recession in the second quarter, but structural problems remain which will weigh ongrowth. We view the quarter’s growth as short (...)

Office

European Quarterly Country Review : France - Q2 2013

As a result of the newly-introduced austerity programme and the low growth elsewhere in Europe, the French economy is experiencing a double-dip recession and (...)

Investment

European Quarterly Country Review : Germany - Q2 2013

GDP rose by a marginal 0.1% in Q1 2013. At a country level office vacancy rates declined in Germany on average despite weakening demand. Frankfurt experienced, (...)

Office

European Quarterly Country Review : Poland - Q2 2013

GDP growth has almost stagnated, with no growth during Q4 2012 and a rise of just 0.1% in Q1 2013 Despite significant development completions expected (...)

Investment

European Quarterly Overview - Q2 2013

The 0.5% fall in European GDP in the fourth quarter of last year was both below consensus expectations and a disappointment to the markets, (...)

Investment

European Quarterly Country Review : United Kingdom - Q1 2013

Quarterly GDP growth remains volatile, but employment growth has remained positive, with the number of employed persons reaching an all-time high in October. The City, (...)

Investment

European Quarterly Country Review : Switzerland - Q1 2013

The strength of the Swiss franc has weakened the competititveness of Swiss exports, but domestic demand remained strong in 2012, and GDP is expected (...)

Investment

European Quarterly Country Review : Germany - Q1 2013

Germany avoided a double dip recession in 2012, but the final quarter disappointed with a GDP fall of 0.6%. Office take-up in Q4 represented the (...)

Investment

European Quarterly Country Review : France - Q1 2013

The French economy is deteriorating, exacerbated by reducing government expenditure and repressive austerity measures. Occupiers have scaled back relocation plans and are increasingly willing to (...)

Investment

2012 in numbers - Q1 2013

While 2012 started positively following the ECB’s first LTRO (December 2011) and in expectation of a second (which duly arrived at the end of (...)

Investment

European Quarterly Country Review : United Kingdom - Q4 2012

UK GDP is estimated to have grown by 1.0% in Q3 and, even allowing for 'exceptionals', together with upward revisions to Q2, this suggests (...)

Investment

European Quarterly Country Review - Q4 2012

GDP remained almost flat in Q3 with only 0.2% growth. Take-up in the Paris region office market year-to-date is 19% below the same period in (...)

Retail

Retail will never be the same again - Q4 2012

Online retail is no longer a marginal sales channel and its pace of growth will see online capture almost all retail sales growth in (...)

Investment

European Quarterly Overview - Q3 2012

Spain reached a record high (since 1990) of 13.1% office availability in Q2 2012 from the previous quarter’s 12.9%, and is now way above (...)

Investment

European Quarterly Country Review : United Kingdom - Q3 2012

UK GDP contracted by 0.7% in Q2, significantly worse than consensus estimates. Demand fundamentals are weakening in the London office market, and grade A (...)

Investment

European Quarterly Country Review : France - Q3 2012

French GDP has remained unchanged for the past three quarters and some indicators point to a deteriorating business environment. Prime office CBD rental values (...)

Investment

European Quarterly Overview - Q3 2012

Although the Greek ‘second’ election results averted a direct confrontation on the austerity measures with the other eurozone countries, the focus of the euro (...)

Investment

Property’s place in a mixed-asset portfolio 2012

Property’s total returns over the long-term have positioned between those of equities and bonds. Similarly, its risk (as measured by volatility) lies between the two (...)

Investment

Managing risk with European diversification 2012

Cross-border investing increases opportunities to diversify and, despite expectations of economic convergence, these are not being substantially eroded. European country-specific risk is now showing a (...)

Investment

European Quarterly Country Review : Hungary - Q2 2012

Economic growth during 2011 was positive, but stemmed largely from export-strength, supported by FX weakness and buoyant conditions in trading partner markets (e.g. Germany). Having (...)

Investment

European Quarterly Country Review : United Kingdom - Q1 2012

GDP growth fell by 0.2% in Q4 as manufacturing sector growth declined by nearly 1%. London City quarterly office lettings fell with increasing concerns over (...)

Investment

European Quarterly Overview - Q1 2012

Resolution of the euro crisis appears no closer and the bond market pressures continue to build. While a withdrawal of one or more countries (...)

Investment

2011 in numbers

Government bond yields polarised further during 2011 as investors sought to invest in 'safe-haven' markets such as Switzerland, Germany, Sweden and Norway. Annual GDP growth (...)

Investment

European Quarterly Overview - Q1 2012

Resolution of the euro crisis appears no closer and the bond market pressures continue to build. While a withdrawal of one or more countries (...)

Investment

European Quarterly Overview - Q4 2011

The eurozone crisis is evolving but necessarily towards a rapid or, indeed, satisfactory conclusion. Greece’s original ‘soft default’ proposal – the voluntary loss 21% (...)

Investment

European Quarterly Overview - Q3 2011

The stresses increased within the eurozone over the last few months and these are accelerating rather tahn abating. This is evident in the polarisation (...)

Investment

European Quarterly Country Review : France - Q3 2011

After an exceptionally good Q1, GDP growth surprised by dropping to 0% in Q2 2011. Office vacancy rate increased from 6.8% to 7.1% in Ile (...)

Investment

European Quarterly Country Review : United Kingdom - Q2 2011

While UK consumption deteriorated, business confidence continued to improve. Inflation remains high; interest rate rises will follow, but have, so far, been deferred. Net new demand (...)

Investment

Market impact of German Open-Ended Fund closures - Q2 2011

Currently over a third of the German Open-End Funds (by AuM) are closed for redemptions or are in liquidation. The total property market value of (...)

Investment

European Quarterly Country Review : Germany - Q1 2011

Economic growth slowed in the second half of 2010, but Germany had an exceptionally good 2010 with a 3.6% GDP increase. With continuing new supply (...)

Investment

Solvency II : From Challenge to Opportunity

The recent crisis highlighted more than ever the need for a deep overhaul of the supervisory framework within which the European Insurance industry operates. (...)