Scor
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Alecta said it was "convinced" ILS could produce high-quality, uncorrelated returns.
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The carrier has also exited US MGAs exposed to North Atlantic cat risk.
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The carrier launched a share buyback and announced portfolio rebalancing actions.
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The Scor chairman takes over from Swiss Re CEO Christian Mumenthaler, who steps down after two and a half years in the role.
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Scor Global P&C CEO Jean Paul Conoscente said on a briefing that rate hikes were barely keeping up with inflation.
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From ESG to social inflation, systemic risk to cat risk, we highlight some of the top discussions from this year’s four-day virtual conference.
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The deal covers the reinsurer’s worldwide cat XL book, as Scor plans to ramp up P&C growth.
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Van Viet was head of underwriting management and retrocession at Scor for 13 years before taking on her current position.
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The carrier increased reserves for P&C Covid-19 losses by EUR109mn in the quarter after UK and France court decisions.
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He worked for eight years at the French firm, where he oversaw the strategic direction of its ILS business.
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The reinsurer’s analysis of 20 research groups’ predictions points to a busier season than usual.
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The settlement ends hostilities that began with Covea’s unsolicited EUR8.3bn takeover bid for the French reinsurer in August 2018.
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