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Scor forced to defend its CEO over leaked activist investor proposals
Scor has called on its shareholders to reject resolutions drafted by activist investor CIAM to oust its CEO.
This week in Post: Couples and coupes
With Valentine’s Day yesterday, the Post team started the week by bracing ourselves for an inevitable slew of romance-related press releases. We weren’t disappointed.
Scor's Kessler takes aim at Covéa CEO Derez over 'repeated misconduct'
Scor CEO Denis Kessler has slammed Covéa SGAM CEO Thierry Derez alleging that he is guilty of “repeated misconduct” and claiming he has the emails to prove it.
Scor CEO bites back at activist investor over Covéa legal action
Scor CEO Denis Kessler has hit back following a letter from activist investor CIAM accusing him of acting in his personal interests by scuppering a takeover move by Covéa and bringing a criminal suit against the French insurer.
Scor shareholder hits out as the reinsurer brings legal action against Covéa
Scor shareholder and activist investor CIAM has hit out at the reinsurer, following its issuing of legal proceedings against Covéa, its former director and Barclays and Rothschild.
Axa-backed Setoo plots UK Q1 launch
Exclusive: Axa-backed broker Setoo expects to launch in the UK next month, and has outlined further fundraising plans for later this year.
42% of insurers and brokers have made or are considering Brexit moves
Nearly half of insurance brokers and insurers are considering moving or have confirmed that they are moving some of their operations and staff as a result of Brexit.
Finch and ICB owner on acquisition trail with sight set on €500m revenue by 2022
Adelaide, the owner of Finch and ICB Group, is looking to acquisitive growth as it aims to increase its revenue across Europe by 150% by 2022.
Top 100 Insurtech: Quarter four update
It’s time for the final 2018 update on the Insurtech 100, the global index compiled for Post by Tällt Ventures. Here founder and CEO Matt Connolly rounds up the latest investment and partnership news.
CBL Insurance placed into liquidation
CBL Insurance’s administrators had been working on a restructuring proposal, but the firm has been placed into liquidation.
Breitburd appointed Axa UK and Ireland CFO
Axa has appointed Amelie Breitburd as its chief financial officer for the UK and Ireland.
Besso-owner BGC acquires Ed
Global reinsurance, wholesale and specialty broker Ed has been acquired by BGC Partners.
Travel insurance: Making sure winter sports cover doesn't go downhill
Despite the large amounts of money associated with booking and kitting out for winter sports holidays, there will still be skiers and snowboarders heading overseas this winter with inappropriate cover. What are insurers doing to prevent policyholders…
Scor CEO rounds on 'baseless' threats from activist investor
Scor’s CEO has slammed an activist investor for “baseless accusations and threats” over a rejected takeover bid from Covéa.
Ex-CBL firm EISL to launch new products after MBO
Exclusive: Former CBL-owned wholesale broker European Insurance Services Ltd will look to launch new products following its management buyout.
Claims II: Victims of Nice terrorist truck attack receive €37m
Two years after the truck attack in Nice, southern France, the terror compensation fund has paid out €37m (£33m) to 2135 victims, who were either injured in the attack or are relatives of casualties.
Insurtech top 100: Quarter Three update
Following on from the publication of the top 100 insurtech firms in April, Matt Connolly, CEO of Tällt Ventures, gives an update on major developments for those ranked in quarter three
Analysis: Insuring musical instruments, striking the right notes
Musical instruments require insurance cover that's in tune with their tumultuous lives.
Reinsurers turn to M&A to stay relevant as challenging market forces bite
Global reinsurers have turned to mergers and acquisition deals over the last year in order to remain relevant in the face of challenging market conditions, but S&P maintains a neutral view on this trend.
2018 H1 insured disaster losses below average at $20bn
Global insured losses from natural catastrophes and man-made disasters during the first half of 2018 were $20bn, 33% below the ten-year average of $35bn, according to Swiss Re Institute's preliminary sigma report.
Top 30 European insurers 2018: A year of steady growth for insurers
Overall, top-line growth for the 30 largest European insurers has been steady, reflecting the underlying economic conditions throughout Europe, explain Tim Prince and Yvette Essen, director of analytics and director of research at AM Best
FSCS has paid out £104m to failed insurer Enterprise customers
The Financial Services Compensation Scheme has paid out £104m in compensation to customers of collapsed unrated insurer Enterprise so far.
Finch-owner triples size in UK market with ICB acquisition
ICB Group joins Finch as part of the Verlingue Group, effective from today.
Q&A: Malcolm Hyde, CILA and FUEDI
After working with the European Federation of Loss Adjusting Experts for a number of years, Malcolm Hyde has taken on board the role as president.