Scor agrees $1bn life quota share as part of Covea settlement
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Scor agrees $1bn life quota share as part of Covea settlement

Laura Board
11 June 2021
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Scor has ended a three-year battle with Covea with a settlement which pulls all legal actions and claims between the companies, and provides for its one-time suitor’s “orderly exit” from the reinsurer’s shareholder register.

The agreement, which comes as Scor Global P&C deputy CEO Laurent Rousseau prepares to take the reins as group CEO, also includes a $1bn quota-share retrocession deal covering Scor life business.

The

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NewsScor(Re)insurers
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Laura Board
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