World Insurance Report
Converium defensive as SCOR pursues “friendly” takeover offer
Hostile bids are very rare in reinsurance and are often thought unlikely to prove successful
SCOR has launched a bid to acquire Swiss rival
Converium to create the world’s fifth largest multi-line reinsurer. The French company has already bought 32.9% of
Converium, and is determined to secure the remaining 67.1%.