The mutual insurer Covéa (MMA, MAAF and GMF brands) and the reinsurer Scor announced on Thursday that they had signed a
“transactional memorandum of understanding”
putting an end to the conflict which had opposed them since 2018 and the abortive buyout of the second by the first.
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This agreement provides in particular for the payment to Scor by Covéa
"of a sum of 20 million euros excluding tax" as
well as the waiver of all legal actions on both sides.
