French reinsurance firm SCOR stated on Friday it has been positioned beneath examination by a Paris courtroom for details alleged towards its former chairman, Denis Kessler, in relation to Covea Group’s acquisition of PartnerRe in 2022.
SCOR said it firmly denies having had any direct or oblique involvement.
In July 2022, EXOR, the holding firm of Italy’s Agnelli household, completed the sale of Bermuda-based reinsurer PartnerRe to France’s Covea for $9.3 billion in money.
In January 2024, French every day Liberation reported {that a} judicial process had been began in June 2022 associated to the transaction.
Kessler, who was SCOR’s chairman for 21 years till his dying in 2023, Adrien Couret, CEO of mutual safety group Aema, and Jean-Claude Seys, co-founder of Covea, have been stated to have tried to derail the deal, in response to the Liberation report.
(Reporting by Michal Aleksandrowicz and Hugo Lhomedet in Gdansk, further reporting by Bertrand De Meyer, modifying by Milla Nissi)
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