Scor
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With US activist investors now settled in Europe and native species such as Scor nemesis CIAM also flourishing, what should the (re)insurer CEO or chair do when that unsolicited phone call comes?
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The reinsurer is also suing Covea entities, the mutual’s CEO and Rothschild in France.
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The Austrian carrier reserves the right to insure coal risks in exceptional cases in countries where the economy and employment depend on the sector.
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Catastrophes weigh in on the carrier’s fourth-quarter results, inflating the combined ratio more than expected.
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At the midpoint of disclosures, this publication summarises the key trends identified by industry leaders so far.
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The Scor chief also tells Les Echos that the Credit Suisse CEO personally intervened to abandon the bank’s advisory mandate for Covea.
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David Reed is set to take on the advisory leadership role.
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The carrier predicts double-digit rate increases in both Japan and the US later this year.
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Current active underwriter Tom Corfield continues as CUO of Scor UK.
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The fund manager’s CEO suggests Kessler is acting in his own interests and against those of shareholders.
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People say there is no smoke without fire, but we journalists know that it is a lot more complicated than that.
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The French mutual’s board said it would “take all action in order to defend its interests”.