Scor News
How Reinsurers’ Results Rebounded in First Half 2021 from 2020
The first half financial results reported by a group of six reinsurers over the past week generally show a strong return to profits after last year's challenging market conditions. A wrap-up of these ...
Aon Cell Company + 8 Reinsurers Back Lloyd’s Central Fund; $900M Cover
Late last week, Lloyd's announced that the marketplace has secured a five-year £650 million (roughly $900 million) reinsurance cover for its Central Fund—a move should protect against severe tail ...
SCOR’s Kessler to Leave CEO Slot in June in Revamped Succession Plan
Denis Kessler, SCOR's chairman and chief executive officer, is stepping down for personal reasons from his CEO role at the end of June, much earlier than expected. The company is replacing him in a ...
Jones Joins HSCM From SCOR to Expand InsurTech Group
Adrian Jones, the former leader of SCOR's P&C Ventures unit, has signed on with Hudson Structured Capital Management Ltd. to expand the asset manager's InsurTech and global reinsurance groups, ...
SCOR Chooses Ribadeau-Dumas as Next CEO, Succeeding Kessler
The SCOR board of directors unanimously chose Benoît Ribadeau-Dumas as the next chief executive officer of SCOR, succeeding Denis Kessler, SCOR's current chairman and CEO. Ribadeau-Dumas will become ...
To Merge or Not to Merge: InsurTechs Must Increasingly Ask This Question
The drumbeat for InsurTechs to pursue a merger, acquisition or partnership is getting louder, with the number likely to substantially grow in the months ahead, an insurance industry expert believes. ...
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 ...