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Former president Widdicombe has taken the role of chairman, as planned, but won’t serve on any board committee.
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If the fundraise closes, the business will operate as a “permanent capital” monoline retrocessionaire. -
The German carrier pegs the full-year impact of the pandemic on its reinsurance operations at EUR3.4bn.
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Scor sought higher-priced agg cover, but Munich Re achieved below-average uplift on its occurrence treaty.
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Emmanuel Clarke, Frédéric de Courtois and Benoît Ribadeau-Dumas reportedly compete with insiders including Laurent Rousseau.
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The start-up envisages expansion into insurance “in the coming years”, AM Best said.
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The carrier’s annual catastrophe losses ticked up to $2.9bn in October.
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The carrier said its new EUR750mn funds from Covea would help to reduce financing costs.
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Australian carrier ups coronavirus BI provision to A$195mn.
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The start-up, which is targeting a Day 1 IPO, will target a 5%-6% dividend yield and a mid-teen ROE.
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Sources think the court ruling in favour of a German beer hall in October could have widespread repercussions.
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The London-listed carrier expects 110% combined ratio for 2020 as it lifted cyber loss assumptions.
