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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 names Yves Cormier as Head of Investor Relations

17th January 2022

French reinsurer SCOR has appointed Yves Cormier as Head of Investor Relations, reporting to Ian Kelly, Group Chief Financial Officer (CFO). Cormier will be based in London, and joins from Rothschild, where he spent the last six years advising European insurers on corporate finance and strategy matters. Earlier in his career, ... Read the full article

SCOR’s Atlas Gotland reinsurance sidecar secures $200m investment from Alecta

12th January 2022

French reinsurer SCOR has secured a $200 million investment from the Swedish pension fund Alecta into its Atlas Gotland Worldwide Catastrophe Sidecar, a segregated account of the firm's newly created special purpose reinsurer, Atlas Re in Bermuda. Yesterday, Alecta announced an investment of $250 million into Swiss Re Insurance-Linked Investment ... Read the full article

SCOR names Lacroix as Head of Sustainability, expands team

10th January 2022

SCOR has announced the appointment of Michèle Lacroix as Group Head of Sustainability, as part of a wider effort to expand and reinforce its team dedicated to sustainability. In this new team, Paul Nunn, currently Head of ESG within the P&C Business Unit, has been promoted to Head of Sustainable Insurance ... Read the full article

Post-pandemic GDP levels comparable to Great Depression: SCOR

31st December 2021

According to a new report from SCOR, the COVID-19 pandemic caused a sudden quasi-global economic standstill and consequently led to a significant drop in global GDP, at levels comparable to those observed during the Great Depression of the 1930s. The anticipation of such a massive drop in global GDP over a ... Read the full article

SCOR Specialty names Mumme-Young as Global Line Head of Political and Credit Risk

22nd December 2021

SCOR Specialty Insurance has appointed Henry Mumme-Young as Global Line Head of Political and Credit Risk, effective immediately. Mumme-Young joined the Channel Syndicate in 2014 and was most recently Senior Underwriter and deputy in SCOR’s PCR department. He is a chartered insurer and has held previous roles in Political and Credit Risk ... Read the full article

SCOR strengthens biodiversity commitment

30th November 2021

French reinsurer SCOR has joined act4nature international, an alliance of companies committed to accelerating concrete business action in favour of nature and biodiversity. Signatory of the Finance for Biodiversity Pledge and member of the Finance for Biodiversity Foundation, SCOR has made additional biodiversity-related commitments as part of the act4nature alliance. The reinsurers new ... Read the full article

SCOR Investment Partners makes senior changes

16th November 2021

SCOR Investment Partners SE (SCOR IP), the SCOR Group’s asset management company, has announced a series of changes within its leadership team to support the growth of its third-party asset management activity. Firstly, Fabrice Rossary, previously Chief Investment Officer of SCOR IP, has been appointed Chief Executive Officer of SCOR IP. He ... Read the full article

Fitch highlights strong 9M earnings from Europe’s top 4 reinsurers

15th November 2021

Europe’s four biggest reinsurers are said to have demonstrated strong earnings improvements over the course of 2021’s first nine months, despite what was a period of heavy catastrophe losses for the sector.   Fitch Ratings' analysts explained how Munich Re, Swiss Re, Hannover Re and SCOR all posted ... Read the full article

SCOR’s 9M net income rises to €339mn despite impacts of nat cats & COVID

27th October 2021

French reinsurer SCOR has reported net income of €339 million in the first nine months of 2021, which represents a year-on-year improvement of more than 151% despite pre-tax natural catastrophe losses of €708 million, net of reinsurance. Alongside the growth in net income, SCOR has reported 10.1% growth in gross written ... Read the full article

Denis Kessler rejoins the Reinsurance Advisory Board as Chairman

20th October 2021

The Reinsurance Advisory Board (RAB), a specialist representative body for the European reinsurance industry, has appointed SCOR's Denis Kessler as Chairman. The RAB is represented by seven of the largest European reinsurers. Collectively they represent more than 50% of total reinsurance premium income worldwide. Kessler served in the Chairman role between 2009 and ... Read the full article

SCOR backs WTW’s Climate Transition Pathway solution

18th October 2021

SCOR has signed up to align capacity to support the Climate Transition Pathway (CTP) solution, developed by Willis Towers Watson. CTP is an accreditation framework that provides insurance companies and financial institutions with a consistent approach to identifying businesses with robust low carbon transition plans aligned to the Paris Agreement. SCOR is the ... Read the full article

MS&AD, SCOR back Energetic Insurance Series A funding round

8th October 2021

Energetic Insurance has completed a Series A funding round which totalled $7 million, led by Schneider Electric Ventures with participation from MS&AD Ventures, MCJ Collective, and Atlantic Global Risk. The startup’s existing investors Congruent Ventures, SCOR P&C Ventures, MUUS Asset Management, Powerhouse Ventures, and Clean Energy Venture Group also participated in ... Read the full article

SCOR hires Adrian Poxon as CUO, Marine & Energy

23rd September 2021

SCOR has appointed Adrian Poxon to its P&C Reinsurance division as Chief Underwriting Officer for the Global Lines Marine & Energy, including Energy upstream and downstream, Aviation & Space and Engineering. Poxon spent the first half of his career in the London market, starting out in Aviation insurance before changing direction ... Read the full article

Somerset Re hires SCOR’s Christopher Smith as Head of Structured Reinsurance

23rd September 2021

Bermuda domiciled reinsurer Somerset Reinsurance has appointed Christopher Smith as Head of Structured Reinsurance. Smith will be based in Bermuda, and report to Jeff Burt, Chairman and Chief Executive Officer of Somerset. He will be responsible for setting client strategy for the structured reinsurance line and lead Somerset's efforts in reserve and ... Read the full article

SCOR’s Rousseau notes “disconcerting” imbalance between losses and capacity

17th September 2021

SCOR CEO Laurent Rousseau has pointed to a “disconcerting imbalance” between rising loss trends and the supply of capital into the re/insurance market. Speaking during the company’s recent RVS event, which discussed lessons to be learnt from the COVID-19 pandemic, Rousseau acknowledged that the past few years have been “extremely costly” ... Read the full article

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