The Channel Syndicate, part of SCOR’s Specialty Insurance platform, today announces it has agreed a reinsurance to close for its 2017 and prior years of account, subject to regulatory approval.
Stuart McMurdo, CEO of SCOR Specialty Insurance EMEA said: “The creation of SCOR’s Specialty Insurance platform last year brought together key insurance business platforms, creating synergies and focusing on a client-centric approach with flexible matching of risk and capital.
Our Specialty Underwriters are able to provide a targeted product range, backed by flexible reinsurance and insurance licenses.
As part of this evolution, SCOR Specialty Insurance identified key areas of development, including cyber, political & credit risk, environmental impairment liability, fine art and profitable areas of growth in Property.
SCOR Specialty Insurance will be adding to its targeted specialty programmes, building on existing technology and analytics to assist our portfolios in achieving sustained profitable growth.
This transaction brokered by Guy Carpenter enables us to deploy our capital efficiently into value-creating segments of both existing and new targeted specialty lines, ensuring our continued support of the Channel Syndicate, as a key part of SCOR Specialty Insurance.”