The SCOR Board of Directors has appointed Swiss Re’s Chief Underwriting Officer Thierry Léger as chief executive officer of SCOR. Léger will take up his post as CEO of SCOR with effect from May 1, 2023. Léger has 25 years …
Allen appointed as Head of Financial Lines for Oneglobal Bermuda Oneglobal Broking, the London-based specialist broker, announced that Christina Allen will join Oneglobal Bermuda as head of Financial Lines. Allen will report to group CEO, Mike Reynolds, and will officially …
Denis Kessler, SCOR’s chairman and chief executive officer, has decided to step down, for personal reasons, from his role as CEO at the end of his current term of office, which will expire at the reinsurer’s general meeting on June …
LONDON – When much of the global economy locked down last year, insurers, facing estimated losses of more than $100 billion globally, reached straight for their red pens to strike pandemic cover from all new business policies. Denis Kessler, chairman …
The SCOR board of directors has unanimously chosen Benoît Ribadeau-Dumas as the next chief executive officer of SCOR, succeeding Denis Kessler, SCOR’s current chairman and CEO. With effect from Jan. 1, 2021, Ribadeau-Dumas will become deputy chief executive officer of …
Reinsurance rates are likely to rise in the double-digit percentage point range at key contract renewals in January, Denis Kessler, chairman and chief executive of the French reinsurer SCOR, said on Wednesday. SCOR, one of the world’s largest reinsurers, has …
It’s been said that necessity is the mother of invention. That proverb was illustrated perfectly during the insurance industry’s successful scramble to conduct its business digitally at the onset of the COVID-19 crisis. This digital transformation is creating a new …
French reinsurer SCOR announced that its Chairman & CEO Denis Kessler will receive 30% less in his annual variable compensation for 2019, which is equal to €325,260 (US$354,333). In addition, the company has decided to cancel its 2019 dividend. Kessler’s …
The battle between French activist investment fund CIAM and SCOR, which has been waging for more than a year, heated up again recently with yet another push by CIAM to separate the chairman and CEO roles, both held by Denis …
European shareholder activism has suffered a painfully public humiliation. The lesson for investors is clear: Pick your battles. Paris-based investment fund CIAM wanted to split the chairman and CEO roles at French reinsurer SCOR SE, which has been run for …
