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.
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs 
State Farm Adjuster’s Opinion Does Not Override Policy Exclusion in MS Sewage Backup 
Jury Finds Johnson & Johnson Liable for Cancer in Latest Talc Trial 
Lemonade Books Q4 Net Loss of $21.7M as Customer Count Grows 
