Scor
-
The deal would bolster the reinsurer’s ILS assets under management by more than 60 percent to $2.1bn. -
Carriers must not sacrifice product simplicity for tech innovation, the Scor P&C deputy CEO says.
-
The promotion fills a role that was previously held by Jean Paul Conoscente.
-
Scor “remains open to discussion” about participating in an alternative reinsurance scheme.
-
The Unfriend Coal organisation called on the (re)insurers to fully phase out exposure to coal by 2040.
-
The activist investor noted that more than 45 percent of Scor shareholders oppose Denis Kessler’s compensation.
-
The activist pledges to continue its campaign, claiming success in garnering 45 percent backing for its remuneration motions.
-
P&C CEO Jean-Paul Conoscente discloses the change after $40mn loss creep in Q1 from typhoons Jebi and Trami.
-
The combined ratio deteriorates by 2.8 points as typhoons Jebi and Trami pushes up the loss ratio.
-
The comments come during a long-running dispute about the mutual’s unsuccessful bid to take over Scor.
-
The reinsurer grew gross written premiums to EUR548mn ($619.2mn) at 1 April renewals.
-
Both proxy advisory firms recommend voting down the Scor chairman and CEO's compensation package.
