French reinsurance company SCOR said on Friday it has been placed under examination by a Paris court for facts alleged against 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 indirect involvement.
In July 2022, EXOR, the holding company of Italy’s Agnelli family, completed the sale of Bermuda-based reinsurer PartnerRe to France’s Covea for $9.3 billion in cash.
In January 2024, French daily Liberation reported that a judicial procedure had been started in June 2022 related to the transaction.
Kessler, who was SCOR’s chairman for 21 years until his death in 2023, Adrien Couret, CEO of mutual protection group Aema, and Jean-Claude Seys, co-founder of Covea, were said to have tried to derail the deal, according to the Liberation report.
(Reporting by Michal Aleksandrowicz and Hugo Lhomedet in Gdansk, additional reporting by Bertrand De Meyer, editing by Milla Nissi)
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