Reinsurance News
18th April 2018
French reinsurance giant SCOR has highlighted a number of trends expected to impact reinsurers over the next decade, creating opportunities in a rapidly changing risk landscape, but also potential challenges if not fully understood and embraced. In its report on the expanding risk universe, SCOR highlighted major trends impacting the globe ... Read the full article
12th April 2018
French-based insurer and reinsurer SCOR has predicted in a recent report that the re/insurance industry is likely to be profoundly altered by the growth and integration of intelligent machines, which will bring both significant opportunities and risks for companies. SCOR noted that the development of intelligent machines has recently been accelerated ... Read the full article
6th April 2018
Commenting on the hike in interest rates since the start of 2018, Chief Executive Officer of SCOR global investments, Francois de Varenne, said it would be "excellent news" for SCOR if the current cycle of increasing interest rates continues. In SCOR's 2017 activity report Varenne noted that at 2.9% at the ... Read the full article
4th April 2018
Despite all the potential benefits of artificial intelligence (AI), most re/insurers are not yet at a stage where they can harness the full potential of it within their business models. Even in its fledgling stages of innovation, AI has altered and improved the customer experience, driving efficiencies in underwriting, claims processing, ... Read the full article
29th March 2018
French reinsurance firm SCOR has made some senior appointments in its Global P&C division, the most prominent of which is the promotion of Laurent Rousseau to Deputy CEO of SCOR Global P&C. Rousseau will also join the reinsurer's Executive Committee from April 1st 2018 and additionally take on the role of ... Read the full article
22nd March 2018
As the Digital Revolution automates physical labour and drives the computerization of cognitive tasks through the rise of Artificial Intelligence (AI), Chairman and Chief Executive Officer (CEO) of SCOR, Denis Kessler, commented in a recent report that AI and data collection will completely alter asymmetries in insurance transactions and refocus ... Read the full article
8th March 2018
Vincent Lepez, Deputy Chief Executive Officer (CEO) of SCOR Global Life Asia-Pacific, has suggested in a recent interview with A.M. BestTV that economic development across Asia is driving demand for further life insurance and reinsurance. Speaking at the 18th Asia CEO Insurance Summit, Lepez cited population growth, rising middle classes, and ... Read the full article
7th March 2018
SCOR has placed an innovative perpetual $625 million deeply subordinated Tier 1 notes issue on the Regulation S USD market, and announced plans to use the issuance proceeds for general corporate purposes. The placement was made in "highly favourable conditions", said SCOR, and is the first transaction for a restricted Tier 1 ... Read the full article
28th February 2018
Denis Kessler, Chairman of the Board of Directors and Chief Executive Officer (CEO) of reinsurer SCOR, recently highlighted a promising future for the global reinsurance industry, driven by the expanding risk landscape, technological advances, and rising demand for protection across the world. Speaking during the France domiciled reinsurer's Q4 2017 earnings ... Read the full article
22nd February 2018
Global reinsurance firm SCOR reported positive results for 2017, although dented by the impacts of severe catastrophes, a year in which the reinsurer continued the expansion of its underwriting book. SCOR reported that for the full-year 2017 its group net income came in at €286 million, down from €603 million in ... Read the full article
8th February 2018
French reinsurance company SCOR has increased the size of its underwriting book by 3.7% at the January renewals, with premium growth largely driven by the United States and the United Kingdom, with U.S. catastrophe risk a factor. SCOR grew its P&C reinsurance renewal premiums by 3.7% at the January 2018 renewals, ... Read the full article
3rd January 2018
French reinsurance firm SCOR has said today it has successfully completed its 100% acquisition of MutRé S.A., a reinsurer that SCOR has held a 33% stake in since 1998. SCOR has now acquired 100% of the outstanding shares in MutRé S.A., a mutual reinsurer, established to serve the social economy in ... Read the full article
28th December 2017
Aegon has announced an agreement to divest a block of life reinsurance business to French reinsurer SCOR, and also revealed that it is to dissolve a related captive insurance firm. Under the agreement, Aegon's Transamerica life subsidiaries will reinsure $750 million of liabilities to SCOR, which covers roughly 50% of the ... Read the full article
13th December 2017
IranianRe leadership has met key executives at SCOR, PartnerRe, and Nasco Insurance Group to negotiate potential partnerships, as Iran's biggest reinsurer follows a strategy of transferring risk to foreign reinsurers, according to the Financial Tribune. IranianRe Chief Executive Officer (CEO) and Deputy Chairman of the Board, Seyyed Mohammad Asoudeh, said ... Read the full article
23rd November 2017
Global insurer and reinsurer SCOR has selected Credence Analytics' iDEAL Funds platform to automate its investment management solution. Credence is a global software solution provider that boasts a reputable client base across Asia, the Middle East and African markets, and has announced a new agreement with re/insurer SCOR's Indian operations. SCOR ... Read the full article
