Scor
-
The carrier racks up losses from Uri and Filomena as well as deterioration on Laura and Sally. -
The French carrier grew its top line by 14.3% at the April renewals.
-
Reinsurers still have concerns over rate adequacy as views of typhoon risk evolve.
-
The reinsurance chief sees no role for the ILS market, as pandemics are "badly defined", with no clear end point.
-
The reinsurer lifts the division's Covid-19 loss assessment by EUR28mn in the fourth quarter within a set of results that beat expectations.
-
The carrier predicts Covid’s reinsurance impact will drive market hardening.
-
The CEO said the French reinsurer will avoid court cases where possible in pandemic coverage disputes.
-
The $20bn fund has 2% of its assets allocated to ILS, equal to about $400mn.
-
The additional raise takes the carrier’s committed capital to $3.2bn.
-
The ex-Scor staffer will work to expand HSCM’s InsurTech business and serve as managing director.
-
Fellow founder Will Thorne will take over the leadership responsibilities and manage its second fund.
-
Kessler will continue as chairman after the handover, while the incoming chief will start out as deputy CEO.
