- Home
- News
- Data
- Interviews
- Conferences
- Roundtables
- About
- Advertise
Reinsurance 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.
21st February 2020
French reinsurer SCOR has announced that Paul Christoff will be proposed as President and Chief Executive Officer (CEO) of SCOR Canada Reinsurance Company. He will succeed Joseph El-Sayegh, who joined SCOR in 2000 but has now decided to leave the firm to pursue other career opportunities. Following the appointment, Christoff will also ... Read the full article
14th February 2020
French reinsurer SCOR has announced the acquisition of Brazil's family-owned agriculture focused Managing General Agent (MGA), AgroBrasil Administração e Participações Ltda (AgroBrasil). The acquisition of a majority stake in the firm marks a significant step in the continued development of SCOR's Specialty Insurance strategy, and provides the reinsurer with access to ... Read the full article
11th February 2020
The Channel Syndicate at Lloyd’s of London, which is part of global re/insurer SCOR’s Specialty Insurance platform, has completed its reinsurance to close (RITC) transaction with legacy specialist, RiverStone. Effective January 1st, 2020 the transaction covers the 2017 and prior years of account of Syndicate 2015. First announced in November of ... Read the full article
6th February 2020
French reinsurer SCOR Global P&C has announced that it secured an increase in reinsurance underwriting profitability at the January 1st, 2020 renewals, which reflects a 2.8% increase in pricing. SCOR notes that trends witnessed at the important January 2020 renewals were consistent with those seen during 2019, with the firm securing ... Read the full article
29th January 2020
French reinsurer SCOR's P&C Re segment could exceed its budgeted level for catastrophes in the fourth-quarter of 2019, leading analysts at JP Morgan to revise the firm's expected full-year 2019 net income down by 7%. After Swiss Re, SCOR becomes the second of the big four European reinsurers that JP ... Read the full article
23rd January 2020
With official numbers of the Wuhan coronavirus currently standing at 585 confirmed infected and 17 dead, Morgan Stanley analysts have detailed the extent to which the top four European global reinsurers are exposed to pandemic risk in Asia. As of 2018, Munich Re wrote €2.3 billion in premiums in Asia via ... Read the full article
15th January 2020
Analysis of Europe's big four reinsurers by Morgan Stanley (MS) states that when compared with its peers, German reinsurance giant Hannover Re is the main beneficiary from improving property and casualty (P&C) rates. In a recent industry report, analysts at Morgan Stanley discuss the current rate environment following the January 1st ... Read the full article
15th January 2020
SCOR has improved the efficiency of its internal functions by utilising technology from professional services firm Accenture, which has enabled the reinsurer to automate financial processes, among other benefits. Previously, many of SCOR’s key processes within the finance function, including the quarterly-close process, were conducted manually, using spreadsheets, email and the ... Read the full article
12th December 2019
Global insurer and reinsurer SCOR has announced that it's successful placed a perpetual deeply subordinated restricted Tier 1 Regulation S notes issue in the amount of $125 million. The issue price of the New Notes is 99.125% and SCOR states that it intends to use the proceeds of the issuance for ... Read the full article
4th December 2019
Global reinsurance giant SCOR has announced the launch of a new three-year, €300 million contingent capital facility, providing the firm with protection against extreme natural catastrophes or life events impacting mortality. The facility takes the form of a contingent equity line, and is the fourth launched by SCOR, replacing as of ... Read the full article
2nd December 2019
The global reinsurance industry is well placed to help protect both societies and the economy, but it's important that the private sector works with governments amid the growing frequency and severity of disasters, according to a recent blog post by SCOR's Vincent Foucart and Eric Le Mercier. The need to improve ... Read the full article
11th November 2019
The Channel Syndicate at Lloyd's of London, which is part of global insurer and reinsurer SCOR's Specialty Insurance platform, has agreed a reinsurance to close (RITC) deal for its 2017 and prior years of account, subject to regulatory approval. In 2018, SCOR announced plans to consolidate its specialty insurance operations ... Read the full article
5th November 2019
SCOR Global Life has collaborated with Garmin International, Inc. on a first-of-its-kind initiative that leverages an exclusive algorithm designed to motivate users to lead healthier lives. The collaboration with Garmin International, a subsidiary of US-based multinational technology company, Garmin Ltd., supports an initial launch of reinsurer SCOR's enhanced Biological Age Model ... Read the full article
25th October 2019
SCOR executives have said they are confident that the reinsurer will be able to "recoup" on its losses in the Caribbean and Japan due to the relatively short payback periods in both regions. The company released its financial results for the third quarter of 2019 yesterday, which saw “heavy loss ... Read the full article
24th October 2019
SCOR, the French headquartered global reinsurance firm, reported its third-quarter results this morning, revealing that its targets continue to be exceeded in terms of returns, while growth in property & casualty lines continues apace. However, the reinsurer's P&C business almost fell to a technical underwriting loss in Q3 due to higher ... Read the full article
