Scor
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The carrier announced a major writedown in its L&H book last year. -
The reinsurer said the probe concerns the alleged involvement of its former chairman.
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The sponsor secured $240mn of limit as the bond upsized by 20% on its initial target.
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Scor is targeting limit of $200mn with its latest Atlas DAC retro cat bond.
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The bond provides coverage for North American storms and earthquakes, as well as European windstorms.
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Sources warned some property XoL books are already running 50% loss ratios.
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The reinsurer pegged the market loss at $40bn.
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The carrier pegged its LA wildfire losses at EUR140mn.
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EGPI growth at the carrier’s Alternative Solutions unit jumped 29.6%.
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The reinsurer has made improvements to its life and health segment, it said.
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The firm has added three new retro partners during 2024.
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The firm recorded a 13.3% nat cat impact to the P&C combined ratio.
