Adam McNestrie

The Brian Duperreault-led reinsurer start-up has secured a cornerstone investor and aims to have an ILS fund running from day one.

A start-up would mark a return to Lloyd’s for the Australian carrier after a chequered past on Lime Street.

The business is aiming to launch at 1 January, focusing on non-cat delegated authority business.

The executive struck a cautious note on the industry’s reserve adequacy for the 2021-23 accident years.

Last week, the insurer placed ~450 staff at risk of redundancy in its international business.

The mutual’s approach comes as Scor continues to efforts to fight back from performance issues including a flare-up in L&H.

Legal trends, the primary pricing micro-cycle and other factors all play into an opaque outlook.

The new CEO has owned past challenges and charted a better course, but will need to be relentless in driving change.

The mutual’s approach comes as Scor continues efforts to fight back from performance issues including a flare-up in L&H.

The former Aspen executive has resigned from AIG and will fill the vacant CEO role at the large corporate unit of the German carrier.