As previously announced, SCOR has been negotiating the sale of Commercial Risk Partners (CRP), its Bermuda-based alternative risk reinsurance subsidiary, to a potential purchaser pursuant to a letter of intent executed on March 28, 2003.
Those negotiations are actively continuing.
At the same time, as previously announced, CRP is negotiating commutations of business with its ceding companies, and CRP has finalized a commutation in July with one of its largest ceding companies.
Topics Mergers & Acquisitions Commercial Lines Business Insurance
Was this article valuable?
Here are more articles you may enjoy.
Claimants of 23andMe Data Breach to Get $46.75M in Settlement Deal 
Judge Won’t Bend on $256M Defamation/RICO Verdict Against Human Rights Lawyer 
WR Berkley Founder and Executive Chairman Dies at 80 
Stellantis Tells Owners of 1.3 Million Jeeps to Park Outside Over Fire Concerns 
