Scor
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The denial followed this publication’s report that Covéa had renewed its intentions to buy the reinsurer. -
This publication reported earlier that French mutual Covéa has engaged Scor in M&A talks.
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The mutual’s approach comes as Scor continues efforts to fight back from performance issues including a flare-up in L&H.
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CEO Thierry Léger claims the “insurability” of global risk is becoming “challenged”.
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Scor is also limiting its exposure in political risk and cyber.
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Plus the latest people moves and all the top news of the week.
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Scor disclosed L&H troubles while Swiss Re continued reserving for US casualty.
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Léger confirmed that his move to lead the L&H unit will not be permanent.
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The P&C segment posted an 86.9% combined ratio for the quarter.
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Scor guided to a EUR400mn insurance result loss earlier this month.
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A selection of the top stories from the week.
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A roundup of all the news you need today, including Enstar EU’s new CEO.
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