Scor
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The reinsurer maintains existing combined ratio and RoE targets and keeps mum on a buyback.
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Swiss Re leads the charge on US exposure as reinsurers prepare for North American hurricane season.
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Global P&C chief Conoscente notes the carrier “very positive” on casualty.
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The global reinsurer’s group result comes in ahead of expectations as cat losses are less severe than forecast. -
The company will use the grant to launch invoice insurance and a trade credit scoring product in France and Germany.
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The firm’s 2015 Atlas cat bond has triggered, following loss creep from the 2017 hurricanes.
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The Spanish insurer signs a memorandum of understanding to insure the multi-billion dollar project.
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The Philadelphia programme also has big lines from Munich Re and Scor.
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The French reinsurer garnered about 55 percent of shareholder support for its CEO’s pay in April.
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Further M&A activity in the ILS market points to the likelihood that no single ownership model will prevail.
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ACPR vice president Bernard Delas said there was no “interest in letting that row last eternally”.
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The deal would bolster the reinsurer’s ILS assets under management by more than 60 percent to $2.1bn.
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