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Scor buries the hatchet with Covéa as Kessler prepares to stand down as CEO

A settlement allows the mutual an “orderly exit” from the reinsurer’s share capital and removes a major distraction from incoming Scor CEO Laurent Rousseau.

Laura Board, 10 June 2021
Rate momentum starving cyber reinsurance of capacity: panel

Panellists said that improved data around aggregations could attract new cyber reinsurance players.

Samuel Casey, 10 June 2021
Lloyd’s preparing to dial up pressure on weakest syndicates: Tiernan

Lloyd’s new chief of markets today unveiled an even tougher approach to syndicates with consistently poor results.

Marcel Le Gouais, 10 June 2021
Zurich, Axa XL and others agree to pay EUR270mn in D&O claims over VW ‘Dieselgate’ scandal

The carriers insuring VW’s D&O policies have agreed to pay out claims due to damage inflicted by previous executives in the emissions scandal.

Marcel Le Gouais, 10 June 2021
Lockton builds construction practice with hires from Marsh

James Cook, Steve Leeming and Lewis Coward move to the expansive broker, with Libby Snow also to join from AJ Gallagher.

Laura Board, 10 June 2021
BMS names Tysers’ Aylward to head up delegated underwriting

Aylward will lead the growth of the newly structured division, which will focus on the US market.

Samuel Casey, 10 June 2021
Legacy start-up Marco Capital seals first purchase of captive insurer

The Malta-based start-up buys Isle of Man-based VA Insurance Services from Thomas Cook, which is in liquidation.

Jim Robinson, 10 June 2021
Oneglobal names Howden’s Jenner as energy chairman

Jenner has more than 30 years' experience in the energy market and was formerly an executive director at Howden Specialty.

Samuel Casey, 10 June 2021
Axa France to offer restaurateurs EUR300m in BI settlements

The carrier will mobilise 3,000 general agents plus distribution partners to make offers on an “unprecedented scale”.

Marcel Le Gouais, 10 June 2021
Swiss Re report warns of wealth inequality, ‘mothballed ops’, and zombie firms as post-pandemic risks

The reinsurer warned of some of the associated risks arising from Covid-19, such as the "unintended consequences" of government interventions.

Jim Robinson, 10 June 2021

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