SCOR and Covéa announce the signing of a settlement agreement
The ACPR, whose vice-chairman is Jean-Paul Faugre, has asked that the dialogue between Cova and SCOR be re-established and lead to a binding agreement formalized by the signature of a settlement agreement.
- The ACPR, whose vice-chairman is Jean-Paul Faugre, has asked that the dialogue between Cova and SCOR be re-established and lead to a binding agreement formalized by the signature of a settlement agreement.
- The Boards of Directors of Cova and SCOR, which met on June 9 and 8, 2021, respectively, have approved the key points of a settlement agreement, which was signed today between Cova SGAM, Cova Cooprations and SCOR SE in the presence of the vice-chairman of the ACPR.
- Cova and SCOR will immediately abandon, with regard to all persons concerned, all legal actions and claims linked to the combination proposal made by Cova in 2018.
- This settlement agreement will apply to the current managers of Cova and SCOR as well as to their future managers during the coming 7-year period.