Scor

The reinsurer has created a new P&C partners unit encompassing its retro and third-party capital strategies as well as insurtech ventures, underwriting management and product development.

The Swedish insurers’ association Svensk Forsakring has estimated the fires that swept through Swedish forests from May to July will lead to insured losses of SEK800mn ($87mn).

The reinsurance deal covers $700mn of liabilities.

Scor's senior underwriter Marco Silva is currently on gardening leave, according to sources.

There has been a downturn in the number of Florida-only cat bonds in the second quarter of this year, with only two Sunshine State deals compared to the five issued last year, as local sponsors expanded the scope of their cover.

The reinsurer is on track to close its new ILS issuance at $300mn.

The European reinsurer's new cat bond includes European windstorm risk for the first time.