SCOR Acknowledges Arbitration Award Validating Retrocession Treaties with Covéa
SCOR has acknowledged an arbitration award confirming the validity of retrocession treaties signed in June 2021 with Covéa. The tribunal ruled that SCOR must transfer 30% of its Life & Health portfolio to Covéa and awarded USD 488.3 million in compensation, resulting in a EUR 50 million impact on SCOR's Q2 2026 net results without affecting solvency or liquidity.
Tickers: $SCOR
Topics: financial_impact legal_dispute reinsurance