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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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It will offer additional capacity to WTW US property clients with a limit up to $25mn.
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This publication revealed last month that some of Westfield’s financial lines team had resigned.
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The deal is the D&O MGA’s first acquisition since launching in 2021.
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Plus the latest people moves and all the top news of the week.
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Property underwriters warn of complacency in how quickly margins can erode.
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Will Curran joined the Lloyd's syndicate earlier this year.
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Taiwan’s strongest earthquake in 25 years caused damage to facilities for chipmaker TSMC.