Scor

Reinsurers still have concerns over rate adequacy as views of typhoon risk evolve.

The reinsurer argues the action was lodged to divert attention from alleged misconduct by the mutual’s CEO.

Covéa said it has filed a complaint against Scor chairman and CEO Denis Kessler with the Parquet National Financier financial crime office alleging “market manipulation and misuse of corporate assets”. Scor denounced the action as "deceitful and groundless".

The reinsurance chief sees no role for the ILS market, as pandemics are "badly defined", with no clear end point.

Hannover Re has emerged as an outlier by reducing its overall 2020 dividend, but its growth plans may alleviate disappointment about the policy.

The investor will focus on late seed and Series A funding rounds as it widens its geographical remit.

The business signals expansion into complementary lines after its 2018 reset bears fruit.

The carrier is one of a number of players to have entered the D&O market as pricing continues to grow.

The lawyer moves up after five years at the carrier.

Analysts note the carrier’s forecast 2021 life technical margin is lower than expected.

The reinsurer lifts the division's Covid-19 loss assessment by EUR28mn in the fourth quarter within a set of results that beat expectations.

The two European carriers are bullish after achieving the best overall rate increases since 2018 at 1 January.