Reinsurance News
26th July 2018
Global insurer and reinsurer SCOR has reported its second-quarter and first-half 2018 results, which reveals a hit to its net income as a result of the U.S. tax reforms, as well as the continued deceleration in P&C pricing following the impacts of 2017 catastrophe events. The French re/insurer today reported net ... Read the full article
10th July 2018
Fitch Ratings recently affirmed its stable outlook and ‘AA-‘ Insurer Financial Rating (IFR) for European reinsurance giants Swiss Re and SCOR, reasoning that the scale of the companies allows them to better withstand current market challenges. The rating agency recognised that both companies currently had very strong business profiles within the ... Read the full article
9th July 2018
SCOR Global P&C has revealed plans to consolidate its specialty insurance operations in the London Market into a single business platform, led by Stuart McMurdo, current Chief Executive Officer (CEO) of SCOR UK. SCOR says the new specialty insurance platform will offer either company or Lloyd’s paper or a combination of ... Read the full article
26th June 2018
French insurer and reinsurer SCOR has announced that it supports a recently launched insurance solution that leverages technology to improve drought resilience in Ethiopia, called the Satellite Index Insurance for Pastoralists in Ethiopia (SIIPE). The project, which was started by the World Food Programme (WFP) and facilitated by re/insurance broker Willis Towers Watson, ... Read the full article
19th June 2018
The European Commission has named representatives from Swiss Re, SCOR and AIG as among the list of members of its Technical Expert Group on Sustainable Finance, which will assist the Commission in developing a classification system for environmentally sustainable economic activity. The Group, which was announced in the Commission’s Action Plan ... Read the full article
8th June 2018
SCOR Global Life and Transamerica Ventures, the venture capital arm of the Aegon Group and Transamerica, have invested in wearable health technology company iBeat in support of its wellness and safety platform. The investments include enterprise partnerships and booked revenue for iBeat’s cardiac monitoring smartwatch, which will eventually be rolled out ... Read the full article
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
