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’s ILS fund Atropos surpasses $2bn of assets under management
8th February 2023
SCOR Investment Partners has announced that its flagship Insurance-Linked Securities fund Atropos has surpassed $2 billion of assets under management. The firm's ILS platform, led by Sidney Rostan, also manages a second flagship fund alongside Atropos, the SCOR ILS Fund - Atropos Catbond Fund, which invests solely in catastrophe bonds and ... Read the full article
Less remedial action expected at upcoming renewals: SCOR’s Conoscente
8th February 2023
Jean-Paul Conoscente, P&C Chief Executive Officer (CEO) at SCOR, has said there “may not be as much remediation needed” at the upcoming April and mid-year renewals, when compared to the actions that were required during the January period. SCOR saw an overall decline in estimated gross premium income (EGPI) of ... Read the full article
SCOR shrinks in P&C by 20% at Jan renewals as it targets better technical profitability
7th February 2023
Insurer and reinsurer SCOR saw an overall decline in estimated gross premium income (EGPI) of -12% for renewed business at the January 1st, 2023, reinsurance renewals, as the firm further reduced its exposure to natural catastrophe risks, and looked to optimise capital allocation by line and client. SCOR notes a renewal ... Read the full article
Moody’s downgrades SCOR’s IFSR to A1, changes outlook to stable
6th February 2023
Moody's Investors Service has downgraded the Insurance Financial Strength Rating (IFSR) of SCOR SE and its key operating entities to A1 from Aa3, citing a weakening of the firm's profitability. The rating agency writes that the downgrade also reflects Moody's expectation that SCOR's senior management will likely be faced with a ... Read the full article
Analysts see Thierry Léger appointment as positive for SCOR, negative for Swiss Re
27th January 2023
Analysts at JP Morgan see the recent appointment of Thierry Léger as Chief Executive Officer (CEO) as a positive for SCOR in light of his strong track record of fixing issues, although the loss of his capabilities as Chief Underwriting Officer (CUO) is seen as a negative for Swiss Re. Read the full article
SCOR hires Swiss Re CUO Léger as its new CEO
26th January 2023
Thierry Léger, who has served as the Group Chief Underwriting Officer (CUO) of global reinsurer Swiss Re since 2020, has been named as the new Chief Executive Officer (CEO) of French reinsurer SCOR, effective May 1st, 2023. Léger has been with Swiss Re, one of the world's largest reinsurers, for 25 ... Read the full article
SCOR names Head of Business Model Development
16th January 2023
Lorcán Hall has been appointed as Head of Business Model Development & Corporate Foresight at French reinsurer SCOR. In this Zurich-based role, he will work to pilot and scale internal innovations and work with non-traditional partners to co-create risk and resilience solutions. These solutions will aim to deliver commercial and social benefits ... Read the full article
SCOR appoints Fanny Rosset as Deputy CUO of Alternative Solutions
3rd January 2023
Global reinsurer SCOR has appointed Fanny Rosset as Deputy Chief Underwriting Officer of Alternative Solutions. Rosset joined the firm's Alternative Solutions team at the beginning of the year. Throughout her16 year tenure at SCOR, Rosset has held a variety of different roles, including Pricing Actuary for five years, Agriculture Underwriter for 11 ... Read the full article
Reinsurance a “key part” of successful wind projects, says SCOR partner
3rd January 2023
Insurance and reinsurance are a “key part” of allowing renewable energy companies such as SSE Renewables to develop wind and other clean energy projects successfully, according to a senior figure at the SCOR partner. SSE Renewables has developed a partnership with SCOR over the past few years to provide coverage for ... Read the full article
SCOR renews €300mn catastrophe / mortality contingent capital facility
19th December 2022
Global reinsurance giant SCOR, has announced the renewal for three years, of a contingent capital facility that will provide the firm with additional capital of up to €300 million of coverage against extreme natural catastrophes or life events impacting mortality. The facility takes the form of a contingent equity line, and ... Read the full article
Global reinsurers driving premium growth so far in 2022: Gallagher Re
30th November 2022
Premium growth in the first nine months of 2022 has been driven by global reinsurers, says reinsurance broker Gallagher Re in a new analysis. The firm said that the (re)insurers it tracked reported YOY premium growth of 13% by Q3, but the strongest increases came from global reinsurers and reached 18.2%. It ... Read the full article
SCOR completes £1.7bn longevity transaction with Balfour Beatty Pension Trust
30th November 2022
Global reinsurer SCOR has participated in a £1.7bn longevity swap transaction with Balfour Beatty Pension Pension Trust, with Zurich UK acting as an intermediary insurer, leveraging a “pass-through” structure that facilitates the risk transfer to SCOR as the reinsurance provider. This longevity swap and reinsurance deal, said the firm, will cover the ... Read the full article
SCOR expands sustainable investment offering with new fund
24th November 2022
SCOR Investment Partners, a an investor focussed on increasing its sustainability linked platform, has announced the launch of SCOR Euro Loans Natural Capital. According to the announcement, this new corporate loan fund is open to institutional investors and has secured an initial commitment of €50 million from the SCOR Group as ... Read the full article
SCOR expanding Pacific islands microinsurance scheme, after success in Fiji
23rd November 2022
SCOR has provided an update on the rollout of its parametric microinsurance cover against climate change in Fiji, and says its plans to expand into other Pacific island territories are “already underway.” The reinsurer has been involved since 2021 in the collaborative development and rollout of the Pacific region’s first parametric ... Read the full article
Industry returns driven by hard market: Goldman Sachs
23rd November 2022
A new note from Goldman Sachs says that attractive returns within the industry are being driven by a hard market. The firm said that reinsurers have historically been a low-beta and defensive sector that outperformed in terms of uncertainty. This has continued, it said, as the hard market pricing has started ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
