Scor
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Carriers posted weaker top-line results but delivered improved combined ratios. -
Citi and Berenberg believe the carrier is more resilient than in the past.
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Plus, the latest people moves and all the top news of the week.
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Opportunities for profitable growth in cat will be hard to predict, the executive said.
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The French reinsurer improved its P&C combined ratio by 7.4 points to 80.9%.
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Continental composite carriers aim to smooth volatility with new initiatives.
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CEO Thierry Léger also stressed his intention to repair the carrier’s relations with Covea.
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The mid-year renewals point to mounting pressure on reinsurance pricing.
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Covea had requested a stay in the proceedings.
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The underwriter left Navium Marine last year and before that worked at Atrium.
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Scor's CEO said the P&C market had experienced a “competitive” first half.
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The P&C segment posted an 82.5% combined ratio for the quarter.
