Investment group Exor , which controls carmaker Fiat Chrysler , is in talks to s...
“Nothing concrete is expected in the coming days but such talks normally do not go on for months,” the source added.Unlisted Covea, one of France’s top damage and property insurance, last year dropped a bid to buy local reinsurer SCOR.
Covea’s Chief Executive Thierry Derez said at the time the company was seeking to acquire another reinsurer. Branching out to reinsurance would also allow Covea to diversify outside its main market France, where it makes almost 90% of its 17 billion euros business.Reporting by Giulio Piovaccari; Additional reporting by Sarah White in Paris; Writing by Giulia Segreti; Editing by Mark Potter
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