Scor
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Philipp Rüede succeeds François de Varenne, who will become senior advisor to the CEO. -
The facility is backed by a consortium including Arch, Munich Re Specialty and Scor.
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It is understood the marine reinsurance programme renewed largely flat.
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The facility provides solvency support via a fresh equity injection under various scenarios.
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The underwriter has spent 30 years in fine art insurance.
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Plus, the latest people moves and all the top news of the week.
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Carriers posted weaker top-line results but delivered improved combined ratios.
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Citi and Berenberg believe the carrier is more resilient than in the past.
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Plus, the latest people moves and all the top news of the week.
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Opportunities for profitable growth in cat will be hard to predict, the executive said.
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The French reinsurer improved its P&C combined ratio by 7.4 points to 80.9%.
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Continental composite carriers aim to smooth volatility with new initiatives.
