SCOR acknowledges the arbitration award confirming the validity of the retrocession treaties entered into with Covéa in June 2021
Summary
SCOR acknowledges an arbitration award that confirms the validity of retrocession treaties signed with Covéa in June 2021. The tribunal upheld the agreements and said they will continue to be performed under their existing terms. It also ordered SCOR to pay Covéa USD 488.3 million in compensation. SCOR says the Q2 2026 impact will be about EUR 50 million after provisions, with no expected hit to solvency or liquidity. The company says it remains focused on its Forward 2026 plan and disciplined underwriting in a competitive market.
Classifications
industries
No industries detected
applications
No applications detected
AskAI Classifications
Labels
No AI classifications detected