South Africa Develops Public-Private Scheme to Provide Drought Insurance for Farmers July 14, 2021 By Emma Rumney JOHANNESBURG – Happy Letsitsa hasn’t paid off the money he borrowed to survive a 2019 drought that ravaged his maize...
Eight Leading Insurers and Reinsurers Launch Net-Zero Climate Alliance July 12, 2021 Eight of the world’s leading insurance and reinsurance companies on Sunday launched an alliance to help speed up a transition...
8 Reinsurers Provide $897M Cover for Lloyd’s Central Fund with Aon as Placing Broker June 21, 2021 Lloyd’s announced the marketplace has secured a five-year £650 million ($897 million) reinsurance cover for its Central Fund—a move that...
Major Reinsurers Look to Exclude Coal from Treaty Policies, as Climate Pressure Grows June 17, 2021 By Carolyn Cohn and Simon Jessop Major reinsurers have already pulled back from providing bespoke cover for coal projects as part of efforts to meet global...
SCOR and Covéa Lay Down Legal Swords in Return to ‘Mutually Beneficial Relationship’ June 11, 2021 By L.S. Howard French mutual insurer Covéa and reinsurer SCOR finally laid down their legal swords this week – opting instead for “peaceful...
SCOR Canada Reinsurance Appoints Gay as President and CEO, Succeeding Christoff June 3, 2021 SCOR announced that Olivier Gay has been appointed chief executive officer for SCOR Canada Reinsurance Co., succeeding Paul Christoff, effective...
French Regulator Dismisses Covéa Market Abuse Charges Filed Against SCOR’s Kessler May 28, 2021 By L.S. Howard France’s financial markets regulator dismissed market abuse charges, which had been filed against SCOR’s Chairman and CEO Denis Kessler by...
Barclays Dragged into Bitter Feud Between SCOR and Covéa over Failed Hostile Takeover May 24, 2021 By Ellen Milligan Barclays Plc has been dragged into a bitter feud between two French insurers over its role in a failed hostile...
Rousseau to Replace Kessler as CEO of SCOR, in Change to Succession Plan May 18, 2021 Denis Kessler, SCOR’s chairman and chief executive officer, has decided to step down, for personal reasons, from his role as...
Insurers Seek to Find Ways to Make Pandemics Insurable May 10, 2021 By Carolyn Cohn LONDON – When much of the global economy locked down last year, insurers, facing estimated losses of more than $100...