Articles
Insurance
French mutual insurance company Covéa, whose €8.2 billion bid for SCOR was rejected earlier in September, said it was still seeking a friendly takeover of the reinsurer and that its CEO will withdraw from the SCOR board until the reinsurer’s annual shareholders’ meeting in 2019. 27 September 2018
News
Munich Re and Hannover Re have embraced low margin, low volatility growth with a low Solvency II capital cost in 2018, while peers such as SCOR steer clear due to the high S&P rating capital cost, according to Jefferies analysts. 27 September 2018
Insurance
Denis Kessler, the chief executive of SCOR, has dismissed accusations that the board’s snub of Covéa’s €8.2 billion offer to buy the reinsurer amounted to “gross management negligence” in a strongly worded letter in which he also accuses the shareholder that made the allegation of defamation. 25 September 2018
Insurance
Swiss Re has hired Andreas Berger from Allianz Group as chief executive of Swiss Re Corporate Solutions. 24 September 2018
Insurance
Lloyd’s of London’s pre-tax profit halved in the first six months of 2018 due to a lower investment return and despite an improvement in the combined ratio. 21 September 2018
Insurance
SCOR CEO Denis Kessler has sent a letter on Sept. 6 to Covéa chairman and CEO Thierry Derez, asking him to resign from his position as a SCOR board member because of a conflict of interest. 20 September 2018
Insurance
An activist investment fund is putting pressure on French reinsurer SCOR’s management after it rejected a friendly €8.2 billion takeover offer by French cooperative insurer Covéa in late August 2018, according to a Reuters report. 20 September 2018
Insurance
Bermuda-based run-off specialist Enstar Group is no longer pursuing the sale of its active underwriting businesses, Atrium and StarStone. 19 September 2018
Insurance
Lloyd’s and the Lloyd's Market Association (LMA) have published a new suite of policy documentation to support the underwriting of risks from the European Economic Area (EEA) by the new Lloyd’s Brussels unit. 19 September 2018
Insurance
Bermuda-based re/insurer AXIS Capital Holdings has appointed Helen O’Sullivan as the CEO of AXIS Specialty Europe and AXIS Re. 18 September 2018
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