Scor
-
The reinsurer said the probe concerns the alleged involvement of its former chairman. -
The sponsor secured $240mn of limit as the bond upsized by 20% on its initial target.
-
Scor is targeting limit of $200mn with its latest Atlas DAC retro cat bond.
-
The bond provides coverage for North American storms and earthquakes, as well as European windstorms.
-
Sources warned some property XoL books are already running 50% loss ratios.
-
The reinsurer pegged the market loss at $40bn.
-
The carrier pegged its LA wildfire losses at EUR140mn.
-
EGPI growth at the carrier’s Alternative Solutions unit jumped 29.6%.
-
The reinsurer has made improvements to its life and health segment, it said.
-
The firm has added three new retro partners during 2024.
-
The firm recorded a 13.3% nat cat impact to the P&C combined ratio.
-
Nat cat pricing is expected to be more or less flat, with rises on loss-affected programmes.
