Scor

After three years as a company director, Brégier received a unanimous recommendation from the nomination committee.

The executive has worked for the French carrier for almost four decades in various roles in Toronto, Paris and Milan.

The underwriter joined Scor in 2020 having previously led the cargo and specie operation at Starstone.

The long-serving executive turned around the fortunes of the French reinsurer in a two-decade stint as leader.

Varenne was previously interim CEO and group COO of Scor.

After founder members Axa and Allianz dealt a potentially terminal blow to the Net-Zero Insurance Alliance by withdrawing, the NZIA is exploring limited options to continue.

The reinsurer is the fifth major player to leave the organisation, following Swiss Re, Munich Re, Zurich and Hannover Re.

Most carriers were keen to talk about how they are taking on the ongoing hard market in Q1, but some complexities partly offset their good news.

The global P&C CEO said the carrier will deploy roughly the same capacity in the state as last year.

The carrier continued to rebalance its portfolio towards specialty at 1.1 and 1.4.

The reinsurer achieved rate increases of 7% across its portfolio.

Scor’s P&C reinsurance business is expecting insurance revenue growth of up to 2% in 2023.