Daily Digest: Scor's shareholders grumble, Aon's DoJ battle, Ardonagh unveils Inver Re

Kessler narrowly wins shareholder vote on payIt must have been a lively annual general meeting for French reinsurer Scor. The company’s chairman and chief executive, Denis Kessler, narrowly won a shareholder vote to approve his 2020 remuneration, with more than two-fifths voting against it.  Kessler’s relatively high remuneration package compared to peers in the sector has long been a source of frustration among shareholders. His new compensation package for 2021 also met with strong shareholder opposition, with more than one-third giving it the thumbs down.  Activist investor CIAM, a thorn in Scor’s side, said the votes showed shareholders had “rejected the company’s problematic governance practices, resulting from the board of directors’ inaction and the excessive control exercised by Denis Kessler, which is damaging the company’s performance”.  Kessler is stepping down as chief executive next month to be succeeded by Laurent Rousseau. Rousseau’s elevation had the backing of some 99.5% of voting shareholders approved his appointment.