Scor
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Global P&C CEO Conoscente offers reassurance on US casualty exposure.
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Japanese catastrophe losses keep P&C in the red as the group result beats forecasts. -
The appointment is still awaiting regulatory approval.
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The French (re)insurer said the deal was in line with its “quantum leap” strategy to expand into profitable business lines and reinforce technical expertise.
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The mutual has no restrictions governing the potential sell-down of its 8.4 percent stake in the French reinsurer.
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The carrier’s specialty division recorded a 14 percent rate increase at 1 January.
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RBC and Jefferies cut growth expectations after carrier reveals cat losses and reinsurance premium reduction.
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Significant rate growth continues to elude reinsurers, while PartnerRe hunts for a new home.
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No early indication that reinsurance pricing is catching up with insurance rate acceleration.
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Global P&C CEO Jean-Paul Conoscente says recent Japanese losses triggered a rethink.
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The shares dip as large loss numbers exceed expectations.
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Barclays fails in a High Court bid to get legal action against it postponed.
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Daily Digest: Top news from 2 May
02 May 2025