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 partners with insurtech Snapsheet on digital claims management solutions

6th May 2021

Global reinsurer SCOR has announced a new strategic partnership that will provide its clients with access to an end-to-end claims management platform, digital payments platform, motor virtual appraisal offering, and set of third-party integrations. The solutions are provided by digital claims management software specialist Snapsheet. Snapsheet has fostered a reputation for helping ... Read the full article

SCOR solidifies ILS position with Coriolis integration

28th April 2021

SCOR Investment Partners, the SCOR group’s portfolio management company, has completed its integration of London-based ILS fund manager Coriolis Capital Limited. The French reinsurer closed its acquisition of Coriolis in September 2019, after first announcing the transaction in May 2019. However, SCOR has only now completed the integration of Coriolis’s operations ... Read the full article

SCOR sets further climate targets for investments

28th April 2021

French re/insurer SCOR has announced further climate targets to reduce the carbon intensity of its investments and accelerate its move towards net-zero emissions. By 2025, SCOR now aims to have reduced the carbon intensity of its corporate bonds and listed equities portfolio by 27%. It's hoped that this new target will support ... Read the full article

SCOR reports 72% decline in Q1 net income amid COVID & nat cat losses

28th April 2021

Global re/insurer SCOR has reported a 72% dip in net income for the first quarter of 2021 to €45 million, as COVID-19 impacted the life side of the business and natural catastrophes hit the performance of its P&C operation in the period. SCOR notes that its Q1 2021 results have been ... Read the full article

SCOR achieves overall rate increase of 4.3% at April 1 reinsurance renewals

16th April 2021

French insurer and reinsurer SCOR has reported a strong April renewals season, during which the firm grew its premiums by more than 14%, with an overall increase in pricing of 4.3%. The reinsurer says that it benefitted from the continued improvements in pricing and terms & conditions already seen at the ... Read the full article

Covéa files complaint against SCOR CEO Kessler, SCOR refutes claims

25th March 2021

Covéa Group has filed on behalf of SCOR a complaint against its Chief Executive Officer (CEO), Denis Kessler, with the Parquet National Financier, which SCOR has refuted and condemned. French insurer and reinsurer SCOR's largest shareholder, Covéa, filed the complaint on Wednesday, March 24th, citing market manipulation and misuse of corporate ... Read the full article

SCOR announces new satellite-based pasture insurance tool in Brazil

22nd March 2021

Global reinsurer SCOR has announced its role in the creation of a new satellite-based pasture insurance tool available to all Brazilian livestock farmers. Pastagem Protegida – Índice was created in collaboration with Pastagem Protegida – Índice was created in collaboration with IRB, ESSOR and AgroBrasil, and is based on the Airbus ... Read the full article

Failings of public risk management “plain to see”: Denis Kessler

19th March 2021

SCOR's Chief Executive Officer (CEO) Denis Kessler has said that the failings of public risk management are “plain to see” in the aftermath of the COVID-19 pandemic. Kessler addressed the “havoc” that the pandemic has wreaked on the global economy, in addition to the severe public health threat that it represents. But ... Read the full article

SCOR’s Channel Syndicate returns to profit in 2020

9th March 2021

The Channel Syndicate at Lloyd’s of London, which is part of global re/insurer SCOR’s Specialty Insurance platform, has reported profit of £9.4 million for 2020. This return to profitability comes after Channel decided to reset its strategy in late 2018 and take corrective actions. It reported a loss of $19 million ... Read the full article

SCOR adds Claire Le Gall-Robinson to Executive Committee

1st March 2021

Global re/insurer SCOR has announced that its General Secretary, Claire Le Gall-Robinson, has been appointed to the company's Group Executive Committee, effective immediately. In addition to her General Secretary role, which she has held since 2016, Le Gall-Robinson is now in charge of governance, the compliance function and the legal function. She ... Read the full article

SCOR ‘absorbs’ COVID-19 shock but full-year net income falls to €234mn

24th February 2021

Global insurer and reinsurer SCOR has reported net income of €234 million for 2020, representing a decline of more than 44% from the previous year, as claims related to the ongoing COVID-19 pandemic reached €640 million. As income for the year declined, SCOR actually recorded a 371% increase in net income ... Read the full article

SCOR calls on reinsurers to back COVID-19 vaccine

16th February 2021

Global re/insurer SCOR has made a call for re/insurers to help convey the broad health benefits of getting the COVID-19 vaccination. The reinsurer says it has already helped to dissect the misconceptions and questions that surround the vaccination fears, and has stressed the importance of the vaccine roll-out in building towards ... Read the full article

SCOR partners with Senseye on machinery failure product

12th February 2021

SCOR has partnered with industrial software company Senseye to develop ROI Lock, a product guarantee that refunds the subscription cost of a Senseye product manufacturers use to detect machinery failures. ROI Lock will refund customers using Senseye’s Predictive Maintenance (PdM) solutions, Senseye PdM Complete, if they do not achieve full return ... Read the full article

SCOR records +15.9% premium growth at favourable Jan 1 reinsurance renewals

9th February 2021

Global reinsurer SCOR has highlighted favourable market conditions at the January 1st, 2021 renewals, as the firm grew its reinsurance treaty premium income up for renewal by 15.9%. Overall, premiums increased by €472 million to €3.445 billion, with SCOR reporting an overall average price increase of 7.8%. The re/insurer states that in ... Read the full article

SCOR launches machine learning-driven biometric risk calculator

22nd January 2021

Reinsurance giant SCOR has announced the launch of Vitae, an automated biometric risk calculator that employs machine learning techniques. The tool is designed to enable more accurate risk assessment based on a wider array of medical factors and simplifies the underwriting process, in an effort to yield a better experience for ... Read the full article

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