Scor agrees $1bn life quota share as part of Covea settlement
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Scor agrees $1bn life quota share as part of Covea settlement

Laura Board
11 June 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
scor-office-logo.jpg

Scor has ended a three-year battle with Covea with a settlement which pulls all legal actions and claims between the companies, and provides for its one-time suitor’s “orderly exit” from the reinsurer’s shareholder register.

The agreement, which comes as Scor Global P&C deputy CEO Laurent Rousseau prepares to take the reins as group CEO, also includes a $1bn quota-share retrocession deal covering Scor life business.

The

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsScorRe/insurers
LB
Laura Board
Gift this article