Scor
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The company will take on new and renewed EEA business that can no longer be written by Scor UK.
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Above-average cat losses dominate discussions during the P&C earnings season. -
In September, Derez stepped down temporarily from the Scor board.
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The former Scor executive becomes a senior underwriter.
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The London market comes within spitting distance of a target to place 30 percent of all slips electronically by year-end.
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Channel Syndicate has exited professional liability, A&H, hull and cargo to gain 2019 approval.
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Although estimates for the Q3 disasters vary, in aggregate the events are likely to generate insured losses north of $10bn.
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Evidence is mounting that European carriers are being hurt more than expected by third-quarter losses.
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Cat losses for the quarter were worse than expected, driven by Typhoon Jebi, Hurricane Florence and Typhoon Mangkhut.
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The start-ups are building balance sheet insurers.
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Reinsurers now have fresh impetus to argue for flat renewals at 1 January.
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JP Morgan Cazenove cites EUR46 per share as potential starting point and notes that Validus and XL multiples would imply a Scor bid of EUR50 a share.
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