Reinsurance News

SCOR news

News on one of the world’s largest reinsurance companies, France headquartered SCOR.

SCOR is one of the leading global reinsurance company’s and our news covers SCOR’s news announcements, people moves, results and financial performance, as well as analysis of reinsurance market trends and interviews.

SCOR Investment Partners announces key leadership appointments to drive growth

27th November 2023

In a strategic move to propel its third-party asset management activity, SCOR Investment Partners, the asset management arm of the SCOR Group, has made significant leadership appointments. Louis Bourrousse, formerly Head of Business Development and Deputy Chief Executive Officer, is now appointed as the Chief Executive Officer, succeeding Fabrice Rossary, who ... Read the full article

Fitch affirms SCOR’s ratings citing greatly improved earnings

15th November 2023

Fitch Ratings has affirmed SCOR's and its core operating subsidiaries' Insurer Financial Strength (IFS) Ratings at 'A+' and Long-Term Issuer Default Rating (IDR) at 'A', with Stable Outlooks. Fitch noted that the affirmation reflects SCOR's improving earnings, well-designed strategic plan, and 'Favourable' business profile compared with that of all other reinsurance ... Read the full article

SCOR posts 90.2% P&C combined ratio as nat cat losses exceed budget in Q3

10th November 2023

French reinsurer SCOR has reported Group net income of €147 million for the third quarter of 2023 and an improved P&C combined ratio of 90.2%, despite natural catastrophe losses coming in above budget and large man-made claims. In its results, SCOR states that while the attritional loss ratio is satisfactory for ... Read the full article

SCOR exercises call option to buy 9m of its shares held by Covéa

5th October 2023

The board of directors of French reinsurance giant SCOR have authorised the partial exercise of the call option to purchase 9,000,000 SCOR shares held by Covéa, representing 5.01% of SCOR’s share capital. Under the June 2021 settlement agreement entered into between SCOR and Covéa in the presence of the Autorité ... Read the full article

SCOR appoints Thomas Fossard Head of Investor Relations

2nd October 2023

SCOR has appointed Thomas Fossard as Head of Investor Relations, where he will also oversee the firm's relationship with the rating agencies. The French reinsurer describes Fossard as "highly esteemed by the investment community", having written extensively on key themes in the European financial sector. Fossard joins SCOR from HSBC, where he ... Read the full article

SCOR makes strategic appointments to its Executive Committee

27th September 2023

SCOR has announced strategic appointments in senior positions. SCOR has announced the appointment of Claudia Dill as the Group’s Chief Operating Officer. Simultaneously, Redmond Murphy has been appointed as the Deputy Chief Executive Officer of SCOR Life & Health. Both will serve as members of the Executive Committee. Thierry Léger, Chief ... Read the full article

SCOR could return to profitability levels in the medium term with new strategic plan: Fitch

18th September 2023

French reinsurer SCOR's recently announced new strategic 2024-2026 plan is reasonably ambitious and could see the firm return to profitability levels in the medium term, according to Fitch Ratings. In early September, SCOR revealed a new plan designed to enable it to benefit from a supportive market environment and develop ... Read the full article

AI represents “big challenges for the future”, SCOR’s Léger

10th September 2023

With more insurers and reinsurers across the industry deploying artificial intelligence (AI) technology within their business, the overall impacts of AI across the industry are unknown which represents "big challenges for the future", according to SCOR CEO, Thierry Léger. Speaking during SCOR's briefing at RVS Monte Carlo 2023, Léger explained ... Read the full article

SCOR lays out new strategic plan to benefit from unique market environment

7th September 2023

SCOR has laid out a new strategic plan for 2024-2026, Forward 2026, in an effort to "fully benefit from the most supportive market environment in the past two decades." According to SCOR, the rapidly evolving risk landscape has led to a growing demand for protection and favourable market conditions for reinsurers. ... Read the full article

Munich Re ranked largest reinsurer for third year running by AM Best

22nd August 2023

After taking the top spot from Swiss Re in 2020, the latest data from ratings agency AM Best confirms that German reinsurer Munich Re remains the world's largest reinsurance company when ranked by gross life and non-life premiums written in 2022. With reinsurance gross premiums written (GPW) of ... Read the full article

SCOR reports refined Q2 P&C combined ratio of 88.5%

27th July 2023

French reinsurer SCOR has reported an improved Q2 P&C combined ratio of 88.5%, down from 113.1% in the same quarter last year, while net income generated was up at €192 million. The net income figure implied an annualised ROE of 16.9% in Q2 2023, and contributed to a net income of ... Read the full article

SCOR appoints Fabrice Brégier as Chairman of Board of Directors

26th June 2023

SCOR has announced the appointment of Fabrice Brégier as the Chairman of its Board of Directors. The decision was made on the unanimous recommendation of the Nomination Committee, at the conclusion of a demanding and rigorous succession process initiated in spring 2022. Over the months since the process began, the Nomination ... Read the full article

Measured Insurance, Canopius & SCOR partner to offer cyber insurance to midsize US businesses

21st June 2023

Canopius, the global specialty lines re/insurer, and Measured Analytics and Insurance, the AI-powered cyber insurance provider, have announced a new capacity partnership to offer cyber insurance and cybersecurity solutions to small and midsize businesses in the United States. Canopius joins Paris-based SCOR, one of the world's leading reinsurers, which has been ... Read the full article

SCOR announces passing of Chairman Denis Kessler

9th June 2023

Global reinsurer SCOR pays tribute to its Chairman Denis Kessler as they announce the news of his passing on June 9, 2023, at the age of 71. The members of the Board and all of SCOR’s employees share the sorrow of his family and friends, and offer them their condolences, the ... Read the full article

SCOR successfully sponsors new Atlas Capital catastrophe bond

30th May 2023

Global reinsurance company SCOR has successfully sponsored a new catastrophe bond, Atlas Capital DAC Series 2023-1, which will provide the firm with multi-year risk transfer capacity of $75 million to protect itself against named storms in the U.S. and earthquakes in the U.S. and Canada, as well as European windstorms. Atlas ... Read the full article