Scor

CEO Laurent Rousseau told employees face-to-face contact is “essential” to the business.

The carrier booked EUR838mn of cat losses for 2021, equal to 12.8% of premium.

Scor’s renewals update denotes a continued push to control volatility while Hannover Re is focused on growth.

The carrier also said its new retro purchase will provide first-dollar protection.

The ratings company said it considered Scor's earnings performance, which has been below the agency's expectations for the past five years.

The carrier said InsurTech investment was driven by specialty and commercial solutions during the year.

Yves Cormier brings more than 15 years' experience in the insurance sector across capital markets transactions, M&A, investor analytics and balance-sheet management to the role.

The executive replaces Kade Spears in the role.

The likes of Swiss Re and Scor are supporting the sector-specific methodology linked to broader decarbonisation efforts.

The reinsurer said joining the alliance further strengthened its commitment to the preservation of biodiversity.

Swiss Re, Munich Re, Hannover Re and Scor have set out divergent strategies on cat as volatility increases and the retro market seizes up.

Scor is to shift its portfolio to increase the proportion of P&C to 60% and reduce life and health (L&H) to 40%, according to CEO Laurent Rousseau.