Scor
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Scor Global P&C CEO Jean Paul Conoscente said on a briefing that rate hikes were barely keeping up with inflation.
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From ESG to social inflation, systemic risk to cat risk, we highlight some of the top discussions from this year’s four-day virtual conference.
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The Scor CEO said that (re)insurers risked being hounded by regulators for selling inadequate products.
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The targets are part of the “quantum leap” strategy set to be unveiled by new CEO Laurent Rousseau at an investor day today.
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Van Viet was head of underwriting management and retrocession at Scor for 13 years before taking on her current position.
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The reshuffling of the leadership team marks the first big management decisions made by new CEO Laurent Rousseau.
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Despite some rate tapering, the two German reinsurers are expanding premium, as all four carriers enjoyed North American rate increases.
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The carrier may also take the opportunity to re-risk its ‘prudent’ investment portfolio.
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Experts also welcomed the impact of the Covea life transaction on first-half earnings.
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The carrier increased reserves for P&C Covid-19 losses by EUR109mn in the quarter after UK and France court decisions.
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He worked for eight years at the French firm, where he oversaw the strategic direction of its ILS business.
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The new CEO will work with colleagues across the company to write a “new page of history” for the French reinsurer.
