Scor
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The carrier cut its GWP by 9.8% during the summer renewals, including a 24% reduction in exposure to the US. -
After serving as a director on Scor’s board for many years, Kory Sorenson has decided to resign due to personal reasons.
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Adrian Poxon will take on the role of aviation CUO following Sommerlad’s retirement on 1 September.
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Colleagues William Campbell and David Barr have also handed in their notice, although their destination is not yet known.
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The reinsurer named climate change as a key driver of the increase in the frequency and severity of droughts.
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Regulatory burdens mean that restarting the Freeport refinery could take longer than first hoped.
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The scheme, due to be officially launched in September, will run for five years.
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The French reinsurer faces a number of hurdles as it looks to set its new corporate strategy. We outline the challenges ahead.
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The outgoing reinsurance CEO will be succeeded by Stuart McMurdo, current CEO of Scor UK, the Scor syndicate and regional CEO of EMEA.
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The company will also double its coverage for low-carbon energies by 2025.
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Ukraine uncertainties remain despite some loss estimates emerging in Q1 earnings across the Big Four European carriers, while inflation looms on the horizon.
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The agency affirmed the carrier’s Insurer Financial Strength rating at AA-.
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