Covéa’s Eur750mn move highlights scale-ups and sidecars preferred to start-ups…

Confirmed post-Covid-19 capital

Covéa’s move to put Eur750mn into PartnerRe-managed special purpose vehicles looks like a compromise that gains the French mutual fast access to a hardening reinsurance market without a full-blown acquisition. But it also points to a growing consensus that scale-ups rather than start-ups will dominate the Covid-19 landscape.

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