No dominant post-Brexit hub is emerging for London company firms, as the market delivered a 16% premium jump in 2017 and its statistics begin to reflect changing dynamics bought about by the UK’s EU exit, according to a report by the International Underwriting Association (IUA)…
Broker Willis Towers Watson has bought French broker Dero Courtage, but terms of the deal were not disclosed…
Credit and political risk broker BPL Global has named Lucia Petry director of its French subsidiary Berry Palmer & Lyle SA. Ms Petry has worked at the Paris office since 2014. As director, Ms Petry will take on managerial responsibility, while also maintaining links with French-speaking corporate clients. BPL said Ms Petry has played key roles in developing new covers…
SCOR has called for the resignation of Covéa CEO Thierry Derez from its board of directors, as the fallout from the reinsurer’s rejected €8.2bn Covéa bid continues…
SCOR has reportedly reacted to pressure from activist investors over its rejection of an €8.2bn acquisition offer by French group Covéa, by reiterating its commitment to creating value for its long-term shareholders…
Two thirds of risk managers at French companies say their organisations have faced increased risk during the past three years, while 65% said they have boosted investment in risk management to address the new threat levels…
The French government recently boosted its cybersecurity defences with the appointment of 800 cyber experts, according to a report on cyber threats in the country. The report, analysed by David Taylor and Vincent Denoyelle at law firm Hogan Lovells, was published by the French Home Office and highlights trends in cybercrime. The report says cybercriminals are effectively using typosquatting to…
SCOR has reorganised its P&C business and added a new P&C Partners division to position the company for growth in alternative capital and other non-traditional solutions for buyers, including investments in insurtech. Announcing the new divisions, SCOR said named its senior team to oversee the three new business units – Reinsurance, Specialty Insurance and P&C Partners – that will sit…
SCOR has rejected an €8.2bn takeover bid from French group Covéa and said the offer has now been withdrawn. However, there remains speculation that a higher bid might come in from Covéa or elsewhere…
First-half nat cat and man-made disaster losses of $20bn were well down on the $35bn ten-year average, according to preliminary Swiss Re figures…