Reinsurance News
1st April 2019
French reinsurance firm SCOR has announced that it has completed the merger of SCOR Global Life SE and SCOR Global P&C SE into SCOR SE as part of its plan to optimise its operational and legal structure and its level of regulatory capital. The units were merged on March 31, 2019 ... Read the full article
27th March 2019
French investment management firm CIAM has defended its call for Denis Kessler to step down as Chairman after SCOR derided the request as an attempt to destabilise the company. CIAM in a statement released today says SCOR’s accusation is nonsensical given the 0.94% stake they hold in the company. “We have ... Read the full article
26th March 2019
French reinsurer SCOR has called on its shareholders to reject a draft resolution that was presented by investment management firm CIAM yesterday, which recommended that Denis Kessler be removed from the Board of SCOR. CIAM contended that Kessler should step down from his role as Chairman of SCOR and continue as ... Read the full article
25th March 2019
French investment management firm CIAM has called on Denis Kessler to step down from his role as Chairman of SCOR and continue as CEO without a Board position. CIAM, which holds less than a 1% stake in the reinsurer, levelled several criticisms against SCOR and Kessler after its management ... Read the full article
20th March 2019
French reinsurance firm SCOR has made a number of senior appointments within its Global P&C division. Effective April 1, Michel Blanc is promoted to Chief Executive Officer of Reinsurance and replaces Jean-Paul Conoscente after having been appointed to lead the division earlier this year. Also effective April 1, Christoph Spichtig is promoted ... Read the full article
25th February 2019
French reinsurer SCOR has gone through with it’s plans to prosecute Barclays, who acted as the financial advisor and financing bank to Covéa during its failed attempt to acquire SCOR in 2018, according to reports from the Financial Times. SCOR previously announced that it intended to sue Covéa and its ... Read the full article
20th February 2019
Global insurer and reinsurer SCOR's gross written premiums (GWP) surpassed €15 billion for the first time in 2018, while full-year net income improved to €322 million despite the impacts of catastrophe losses in the third and fourth-quarter. The French re/insurer has reported GWP of €15.3 billion for the full-year 2018, up ... Read the full article
20th February 2019
French reinsurance company SCOR has promoted Jean-Paul Conoscente to the role of Chief Executive Officer (CEO) of SCOR Global P&C after its current leader Victor Peignet decided to retire. Conoscente was previously the CEO of Reinsurance with the SCOR Global P&C unit, the property and casualty underwriting division of the global ... Read the full article
18th February 2019
SCOR Global Life, a division of the France-headquartered reinsurer, has partnered with wearable technology provider Garmin Health in the Asia Pacific region to improve its underwriting insights and promote better lifestyle choices for consumers. By analysing the health metrics generated by Garmin’s wearable devices, SCOR will be able to enhance its ... Read the full article
12th February 2019
Denis Kessler, Chief Executive Officer (CEO) of French reinsurer SCOR, has reaffirmed that the company has never had discussions with Bermudian reinsurer PartnerRe regarding a potential merger scenario. Rumours about a possible combination between the two companies have circulated since SCOR rejected an €8.2 billion takeover bid from Covéa last year ... Read the full article
8th February 2019
SCOR-backed Channel Syndicate 2015 (Channel) at the specialist Lloyd's of London re/insurance marketplace, has announced the appointment of Nick Forti as Active Underwriter, effective March 19. He joins from Brit syndicate 2988, where he also served as an Active Underwriter, and will report to the Chief Executive Officer of Channel, Stuart ... Read the full article
8th February 2019
Following negotiations first announced last September, French reinsurance giant SCOR has finalised the sale of its employee wellness solutions subsidiary, Rehalto, to employee support services provider Workplace Options. Rehalto benefits, along with its clients and employees, from Workplace Options’ global infrastructure, which covers 58 million lives and more than 90,000 organisations ... Read the full article
8th February 2019
A potential merger deal between French reinsurer SCOR and Bermuda-based PartnerRe would make strategic sense for both firms and could produce a combined entity that ranks in the top-three global reinsurers, according to analysts at AlphaValue. Rumours about a potential deal between the companies have been circulating since SCOR rejected an ... Read the full article
7th February 2019
SCOR, the France headquartered reinsurance firm and one of the top-four reinsurers globally, grew its property and casualty book by almost 10% during the key January renewal season. SCOR said that at constant exchange rates the P&C reinsurance book was renewed at EUR 3.2 billion, up from EUR 2.9 billion, an ... Read the full article
5th February 2019
Denis Kessler, Chief Executive Officer (CEO) of French reinsurer SCOR, has defended the company’s decision to initiate criminal actions against Covéa and its CEO, Thierry Derez, following the rejection of an €8.2 billion takeover bid last year. The SCOR boss addressed criticism from investors such as Catherine Berjal, CEO of ... Read the full article
