Scor
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Carriers must not sacrifice product simplicity for tech innovation, the Scor P&C deputy CEO says.
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The promotion fills a role that was previously held by Jean Paul Conoscente.
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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.
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The activist investor noted that more than 45 percent of Scor shareholders oppose Denis Kessler’s compensation.
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The activist pledges to continue its campaign, claiming success in garnering 45 percent backing for its remuneration motions.
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P&C CEO Jean-Paul Conoscente discloses the change after $40mn loss creep in Q1 from typhoons Jebi and Trami.
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The combined ratio deteriorates by 2.8 points as typhoons Jebi and Trami pushes up the loss ratio.
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The comments come during a long-running dispute about the mutual’s unsuccessful bid to take over Scor.
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The reinsurer grew gross written premiums to EUR548mn ($619.2mn) at 1 April renewals.
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Both proxy advisory firms recommend voting down the Scor chairman and CEO's compensation package.
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Nine broking houses made it to the ranking this year versus 54 underwriting firms.
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