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 CEO Denis Kessler responds to growing investor pressure

24th September 2018

Denis Kessler, Chairman and Chief Executive Officer (CEO) of SCOR, has responded to a letter from activist investor CIAM, which urged the company’s management to continue negotiations with French insurance group Covéa following SCOR's rejection of a €8.2 billion (US $9.6 billion) acquisition offer. Catherine Berjal, President of CIAM, suggested ... Read the full article

SCOR commits to value creation following Covéa offer

19th September 2018

SCOR has reiterated its commitment to continue creating value for its long-term shareholders following an €8.2 billion (US $9.6 billion) acquisition offer from French insurance group Covéa, which was rejected unanimously by SCOR’s Board of Directors. The reinsurer recently came under fire from shareholders such as French investment fund ... Read the full article

SCOR’s Channel Syndicate partners with InsurTech start-up on invoice protection

19th September 2018

SCOR Global P&C’s Channel Syndicate has partnered with InsurTech start-up Hokodo to provide an invoice protection product to small and medium sized businesses. The partnership will see the Channel Syndicate and SCOR Global P&C develop a range of insurance products which will then be underwritten and distributed using Hokodo’s innovative distribution ... Read the full article

SCOR & Covéa rumours continue, as activist investors mobilise

19th September 2018

French insurance group Covéa is continuing to examine new approaches to a potential acquisition of SCOR after its offer of €8.2 billion (US $9.6 billion) was rejected last month, while pressure mounts for SCOR as activist investors urge CEO Denis Kessler to engage in talks. Sources at Reuters said that ... Read the full article

SCOR negotiating sale of Rehalto subsidiary to Workplace Options

17th September 2018

French reinsurance giant SCOR has announced that it is in exclusive negotiations with the employee support services provider Workplace Options concerning a worldwide distribution partnership agreement and the sale of SCOR Global Life’s employee wellness solutions subsidiary, Rehalto. A partnership with Workplace Options would enhance SCOR Global Life’s global offering of ... Read the full article

SCOR showing strong progress across key growth areas: Laurent Rousseau

12th September 2018

SCOR has made strong progress over H1 2018 in all four of its core growth areas; the U.S, international (including Lloyd’s), SCOR Business Solutions big ticket insurance business, and its MGA business, according to Laurent Rousseau, Deputy Chief Executive Officer (CEO) of SCOR Global P&C. Speaking with Reinsurance News, Rousseau outlined ... Read the full article

The cycle has “disappeared,” says SCOR’s Denis Kessler

11th September 2018

Denis Kessler, Chairman and Chief Executive Officer (CEO) of French reinsurance giant SCOR, has said that it is his “strong conviction” that the reinsurance pricing cycle has “disappeared” and is unlikely to return. Speaking during a debate on the third day of the Reinsurance Rendezvous event in Monte Carlo, Kessler acknowledged ... Read the full article

Innovation key to London ILS success: GC Securities’ Des Potter

10th September 2018

With the UK having updated its insurance-linked securities (ILS) regulatory and tax regime last year in an effort bolster its competitiveness throughout the transition out of European Union membership, the Managing Director of GC Securities, Des Potter, has discussed how London can build on its early success and become an ... Read the full article

Re/insurers are not mastering cyber: SCOR’s Victor Peignet

10th September 2018

French reinsurance giant SCOR does still not feel that the re/insurance industry has mastered cyber to a level where it is able to underwrite on a big scale. Speaking in Monte Carlo today at the Reinsurance Rendez-vous, Victor Peignet, CEO of SCOR’s Global P&C division explained that, while they’ve been putting ... Read the full article

SCOR announces P&C division reshuffle

6th September 2018

In alignment with its Vision in Action strategic plan SCOR Global Life has announced a new organisational structure with three new business areas: Reinsurance, P&C Partners and Specialty Insurance. The company says this move will support its ambitions for the future, as it looks to address the evolving needs of its ... Read the full article

SCOR announces senior life and operational appointments

5th September 2018

SCOR Global Life has appointed Brona Magee to the position of Deputy Chief Executive Officer; replacing Simon Pearson, who is due to retire. She currently serves as Head of Client Solutions at SGL and is a member of its Executive Leadership team. Effective September 5, Magee will be responsible for Global ... Read the full article

SCOR denies rumour of PartnerRe talks

4th September 2018

SCOR is under the microscope today, with press rumours now circulating following the initial reveal that mutual insurance group owner Covéa had approached the firm with an acquisition offer, which SCOR turned down. SCOR quickly said that its Board decided to decline the approach from insurance group Covéa as it ... Read the full article

SCOR finds Covéa offer “fundamentally incompatible” with strategy

4th September 2018

French reinsurer SCOR said that its Board decided to decline the approach from insurance group Covéa as it is "fundamentally incompatible with SCOR's strategy of independence." Earlier today it came to light that SCOR had been approached by French insurance group Covéa, which had offered the reinsurer a "friendly merger" ... Read the full article

SCOR turns down acquisition offer from Covéa

4th September 2018

French reinsurance firm SCOR, one of the largest reinsurers in the world, has turned down an acquisition approach from independent French insurance group Covéa. Covea already has a stake in SCOR of just over 8% and the firm had been looking to take out the rest of the reinsurer in a ... Read the full article

SCOR Global Life partners with health intelligence insurtech HLI

29th August 2018

SCOR Global Life, a division of the France-headquartered reinsurer, has announced a partnership with Human Longevity, Inc (HLI), a provider of in-depth and sophisticated health information services. HLI aims to prevent, reduce or postpone the onset of preventable conditions by combining genome sequencing, machine learning, full-body MRI scans and blood samples ... Read the full article