Scor
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New business across geographies drives top-line growth of 191%.
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Scor is aiming to double fee income over the next three years.
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The French carrier's operating result was EUR257mn, an increase of more than 130% on the prior-year period.
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Lloyd’s CFO Burkhard Keese, speaking at Guy Carpenter’s Baden-Baden Symposium, said there are $500mn-$1bn of London Bridge deals in the pipeline.
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From seeing ILS as a fleeting competitor to a complement to traditional reinsurance, Denis Kessler’s descriptions of the alternative market were always colourful.
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The long-serving executive turned around the fortunes of the French reinsurer in a two-decade stint as leader.
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The final pricing on the bond settled at 17% below the mid-point of initial guidance.
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Initially the reinsurer offered a pricing spread of 8.25%-9.25%.
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Scor launched the bond at the beginning of the month with a spread of 8.25%-9.25%.
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The carrier continued to rebalance its portfolio towards specialty at 1.1 and 1.4.
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The bond provides coverage for North America storms and earthquakes, as well as European windstorms.