Reinsurance News
7th June 2018
SCOR’s Corporate Foundation for Science has worked with the Paris School of Economics (PSE) in the creation of a research chair on Macroeconomic Risk. The SCOR-PSE announcement is a commitment to better understand and develop macroeconomic risk research by the France-headquartered reinsurer. French economist and governmental advisor Gilles Saint-Paul will provide scientific ... Read the full article
1st June 2018
France-based reinsurance company SCOR has announced today the successful sponsorship of its new $300 million Atlas Capital UK 2018 catastrophe bond, the first of its kind following new UK legislation. The multi-year collateralised deal will protect SCOR from named storms in the U.S., earthquakes in the U.S. and Canada, and windstorms ... Read the full article
16th May 2018
SCOR has restructured its large corporate risks insurance unit, SCOR Business Solutions, to align with its current strategic plan, ‘Vision in Action’, which aims to increase the firm’s client centricity. The new organisational structure promotes greater business leadership and client and broker relationship management at a local level, offering global Line ... Read the full article
4th May 2018
French insurer and reinsurer SCOR remains on track to deliver growth in 2018, and with the insights of the January and April renewals, is looking forward to mid-year when it expects further confirmation of positive trends. For the first-quarter of 2018 SCOR recorded net income of €166 million, up almost 17% ... Read the full article
4th May 2018
SCOR has announced the appointment of Redmond Murphy as Chief Executive Officer (CEO) of SCOR Global Life Reinsurance Ireland (SGLRI). Murphy will now be responsible for leading the SGLRI entity and driving the strategic direction of the business, as well as managing all the activities of the local team, including finance, ... Read the full article
26th April 2018
French reinsurance firm SCOR has reported a strong start to 2018, with premiums underwritten rising across the business, an increased net income and ongoing improved market conditions experienced at the April 1st reinsurance renewals. The reinsurer reports gross premiums underwritten of EUR 3.771 billion for the first-quarter of 2018, up by ... Read the full article
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
