Scor, Covea Agree to Settlement After Three-Year Legal Dispute

Scor SE and Covea have agreed to a settlement after a three-year legal standoff over Covea’s soured bid to acquire the insurer.

The firms, which had been fighting on multiple fronts in the French courts, agreed to withdraw legal actions against each other, according to a statement Thursday.

The agreement, reached with the backing of Jean-Paul Faugere, the chairman of the French insurance supervisory body ACPR, ends one of the country’s most acrimonious legal disputes in years.

Scor, which spurned an 8.3 billion-euro ($9.5 billion) unsolicited offering in 2018, subsequently launched a criminal action against Covea and Chief Executive ...