Scor

The Insider 50 rose 0.5 percent last week to reach 1,155.8 index points.

The German investment bank says a Covea/Scor combination "makes no sense".

Amber Capital's Joseph Oughourlian specifies a EUR50-per-share price as the floor for starting talks.

Covea CEO Thierry Derez should resign from Scor’s board over conflict, carrier says.

CEO Thierry Derez takes temporary leave from the Scor board, while insisting the company won't breach the 10 percent shareholding threshold stipulated in a deal which expires in April.

The activist investor was “clearly driven by (very) short-term speculative interests”, the Scor chief claims.

The development follows the Covea chief's unwanted $9.7bn bid proposal for the French reinsurer.

The Channel Syndicate provides capacity to underwrite the SME invoice protection product.

CIAM claims the bid proposal is "in the common interest" of Scor shareholders.

Reinsurers saw marginal improvements in rates at the mid-year renewals.

A new proposal would seek to address concerns over the need to keep the business public by having 20 percent of Scor in free float.

Market share data points to about a 1 percent loss share for both Scor and Hannover Re, notes analyst Philip Kett.