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A limited number of broking staff are also leaving the business, including downstream head Dan Nicholls. -
Stephane Flaquet replaces George Marcotte, who has been interim COO since September 2024.
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The new team will be headed by Brown & Brown’s Ed Byrns.
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Matthew Doherty joined the reinsurer in 2018 as SVP, property portfolio manager.
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The business posted a 95.2% undiscounted combined ratio.
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Plus, the latest people moves and all the top news of the week.
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The transaction is expected to have a price-to-earnings multiple of 11x.
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The French carrier’s first-half revenues were driven by 6% growth in P&C.
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Q2 saw a steady stream of activity in legacy, but volumes dipped slightly from Q1.
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Director of competition Graeme Reynolds will cover role until a replacement is found.
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Joanne Barry and Robert Fox also left the business earlier this year.
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Scor's CEO said the P&C market had experienced a “competitive” first half.
