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Scor shares surge after peace accord with one-time bidder Covéa

The deal removes the overhang risk associated with the Covea’s nearly 8.5% stake in the reinsurer.

Laura Board, 11 June 2021
Musical chairs in cargo as Aviva’s Garner heads to Chubb

Staff movement has been high in the sector, as new capacity returns to the market after years of correction.

Samuel Casey, 11 June 2021
Arch Insurance International gives CFO Kittinger additional COO role as Brand departs

The carrier also promotes chief claims officer Kirsten Valder to chief administrative officer, effective 30 June.

Jim Robinson, 11 June 2021
US (re)insurers face multi-billion-dollar payout from May severe storms: Aon

Outside the US, two Indian cyclones are expected to have caused more than $4.5bn of economic losses.

Eli Rallo, 11 June 2021
Sompo to launch digital subsidiary to sell solutions externally

The new Sompo Light Vortex will work with data analytics company Palantir.

Marcel Le Gouais, 11 June 2021
Opinion: Scor-Covéa – A pragmatic peace

Kessler and Derez will each get something they want from the deal, which will also clean the slate for incoming CEO Rousseau.

Adam McNestrie, 11 June 2021
Climate transition biggest ‘underwriting and investment opportunity’ in generation: Lloyd’s Neal

Lloyd’s CEO John Neal has said the prospects of climate change could present the industry with its greatest “underwriting and investment opportunity” in a generation, but cautioned that it would require a commitment by the industry to be both “smart and brave”.

Eli Rallo, 10 June 2021
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

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