Irma to cause 'natural selection': Scor's Peignet

Scor Global P&C CEO Victor Peignet said Hurricane Irma is
likely to "make the strong, stronger and the weak
weaker".
Peignet said a $50bn event would have led to a loss of 10
percent of equity and 8 months of earnings. This year, an event
with the same cost would lead to an equity loss of 7 percent, but a
much larger loss of 2 years of earnings.
He said Irma will act as a sort of stress-test for the...