Scor
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The target allocation to Munich Re, Elementum and the run-off AlphaCat funds fell in the year to 30 June 2025. -
Scor's CEO said the P&C market had experienced a “competitive” first half.
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CEO Thierry Léger expects overall P&C pricing to be “stable” through 2025.
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The carrier announced a major writedown in its L&H book last year.
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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.
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Nat cat pricing is expected to be more or less flat, with rises on loss-affected programmes.
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The denial followed this publication’s report that Covéa had renewed its intentions to buy the reinsurer.
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The mutual’s approach comes as Scor continues efforts to fight back from performance issues including a flare-up in L&H.
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Losses from mid-sized nat cats added 9.9 points to the P&C combined ratio.
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The negative L&H result was driven by reserve updates.
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The negative L&H result was driven by reserve updates.
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The 2024 winners were celebrated at The HAC in London on 27 June.
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The former Goldman Sachs VP has a background in ILS structuring.
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The firm’s P&C and life and health retro buying is being centralised.
