Scor News
Executives On The Move at SCOR, Third Point Re and BHSI
SCOR named a new chief financial officer. Third Point Re appointed a chief operating officer. Berkshire Hathaway Specialty Insurance added three underwriting executives to its division in Spain.
Catastrophe Losses Driven Higher by Secondary Perils – And Climate Change
Secondary perils, exacerbated by climate change, are driving catastrophe insurance losses, warn a growing chorus of reinsurers and brokers. Indeed, broker Aon reveals that more than 60% of 2020's ...
SCOR CEO Takes 30% Bonus Cut; 2019 Dividend Scrapped on COVID-19 Crisis
French reinsurer SCOR announced that its Chairman & CEO Denis Kessler will receive 30 percent less in his annual variable compensation for 2019, which is equal to €325,260 (US$354,333). In ...
French Reinsurer SCOR Generates Substantial Q2 Net Profit
French reinsurer SCOR, which was the target of a failed takeover attempt last year, said its net profit for the second quarter rose 62% from the same period a year ago, helping the company meet ...
Activist Fund Fails to Boot Kessler As SCOR CEO; Shareholders Reject Ouster Proposal
Reinsurer SCOR's shareholders on Friday blocked an attempt by an activist fund to oust the company's CEO, in a sign that activist investors are increasing pressure on French blue chips. Nearly three ...
SCOR’s CEO Counters Angry Investors With Promises of New Strategy
French reinsurer Scor's Chief Executive Denis Kessler promised on Tuesday to release a strategic plan that would set new targets for the company, in a move to assuage an activist fund that questioned ...
Covea Abandons Hostile Takeover of French Reinsurer SCOR
Scor SE slumped the most in more than a decade in Paris trading after rival Covea abandoned efforts to buy the French reinsurer, ending one of the country's most acrimonious takeover attempts in ...
SCOR Forces Resignation of Covéa CEO From Board Following Spurned Takeover Bid
French reinsurer SCOR forced one of its board members — Thierry Derez, the CEO of Covéa — to resign this week. It was the culmination of a boardroom squabble that began in September when SCOR ...
French Reinsurer SCOR Turns Back Investor’s $9.6B Takeover Bid, Tickling Shareholders
French reinsurer Scor SE spurned an 8.3-billion-euro ($9.6 billion) unsolicited takeover offer from its biggest shareholder, Covea, which said it's still interested in pursuing a deal. Scor shares ...