Scor
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Mutual doesn’t bring anything to the table and would be “negative for Scor”, the executive told this publication. -
Investors should hold out for a higher valuation, suggests one analyst.
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The bid does not reflect intrinsic or strategic value, the French reinsurer says.
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The mutual, which already has an 8.19 percent stake in the French reinsurer, says it wants a friendly fusion.
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US specialty insurers in The Insider 50 were the clear winners last week.
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Reinsurers set to pick up substantial portion of the losses.
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The intermediary noted that it was the third-highest sum for a second quarter.
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Insurers that have started fixing what’s broken early and rethinking what it’s worthwhile writing and from where may be better placed than those watching and waiting.
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Brit-Advent merger and Channel’s restructure in London point the way to coming changes.
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The former specialy lines head left the French reinsurer earlier this year, as sister publication Trading Risk revealed.
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Corporate bond holdings also increased, as carriers shied away from covered bonds.
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The insurer-owned blockchain start-up B3i is to build its systems on a blockchain platform developed by banking sector technology consortium R3.
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