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A roundup of the breaking news, C-suite interviews and exclusive insights. -
The company is currently “underweight” in that line of business, he added.
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CEO Thierry Léger claims the “insurability” of global risk is becoming “challenged”.
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The reinsurer constructed a “social inflation index” for a new study.
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Scor is also limiting its exposure in political risk and cyber.
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The transaction complements its previous acquisition of RMS in 2021.
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The property market remains “one of the most favourable... I've seen in my career", he said.
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The mean nuclear verdict for 2013-2022 was $89mn, versus $76mn in 2010-2019.
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Fears around social inflation have maintained upwards pressure on US liability reinsurance pricing.
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The broker noted a shift towards alternative risk solutions in the MENA region.
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Recent contingency losses reflect a willingness of the market to go looking for premiums.
