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 partners with tech firm Garmin to offer practical health solutions
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
SCOR confident it can “recoup” on Dorian & Faxai losses
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
SCOR beats target, as P&C expansion continues but reserve release helps
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
Activist investor CIAM condemns “destructive” governance at SCOR
27th September 2019
Activist investor CIAM has addressed a new letter to the management at SCOR, accusing it of ignoring shareholder interests by pursuing “destructive” governance strategies in its negotiations with Covéa last year. Catherine Berjal, CEO of CIAM, renewed her public condemnation of Denis Kessler’s conduct today in an appeal to Augustin de ... Read the full article
Evidence for rapid climate change “absolutely compelling”, says Kessler
10th September 2019
Denis Kessler, the Chairman and Chief Executive Officer of French reinsurer SCOR, has described the evidence for rapid climate change as “absolutely compelling” and called on the industry to share expertise. His comments, delivered at a conference this morning at the international rendez-vous of insurance and reinsurance, detailed the extent of ... Read the full article
SCOR needs more pricing improvements to be sustainable, warn execs
9th September 2019
The property and casualty (P&C) reinsurance market has seen some “useful” price firming in 2019, but further increases will be required to put SCOR back on track for sustainable profitability, according to its management. Speaking at the Reinsurance Rendezvous event in Monte Carlo, Chief Executive Officer (CEO) Denis Kessler said that ... Read the full article
Reinsurance an attractive industry with positive perspectives, says SCOR
5th September 2019
Global reinsurer SCOR has underscored its positive outlook for the reinsurance industry, describing it as benefiting from long-term growth drivers and solid foundations. SCOR this week announced the launch of its new ‘Quantum Leap’ strategy, a two-and-a-half year plan which emphasises the integration of technology, as the company looks to ... Read the full article
SCOR to invest €250m in tech-focused ‘Quantum Leap’ strategy
4th September 2019
Global reinsurer SCOR has launched its new 'Quantum Leap' strategy, a two-and-a-half year plan which emphasises the integration of technology, as the company looks to create the "reinsurance company of tomorrow.” This new strategy is SCOR’s seventh since 2002, and follows the ‘Vision in Action’ plan implemented in 2016. Over the period ... Read the full article
First project to utilise SCOR-backed solar energy cover announced
22nd August 2019
Venture-backed Managing General Underwriter Energetic Insurance has named the first solar energy project to use its EneRate Credit Cover. With initial capacity provided by SCOR Global P&C back in April, the product covers default risk for payments made by businesses, without a public credit rating, that purchase electricity through long-term power ... Read the full article
Uzbek insurer KAFOLAT secures reinsurance from SCOR & Canopius
20th August 2019
KAFOLAT Insurance Company JSC, an insurance company based in Uzbekistan, has secured reinsurance from companies including SCOR, Canopius Lloyd’s syndicate 4444, and Polish Re. The insurer believes that the backing of these reinsurance partners will help to keep its solvency at a high level, by sharing risks and eliminating potential threats ... Read the full article
“Radical” shift in market environment to persist into 2020, says SCOR’s Kessler
29th July 2019
The Chairman and Chief Executive Officer (CEO) of French reinsurer SCOR, Denis Kessler, expects market firming on both the primary and reinsurance side, particularly in the U.S., to continue into 2020. The global insurer and reinsurer recently announced strong and profitable growth for the opening six-months of 2019, supported by ... Read the full article
SCOR announces solid H1 performance on the back of strong renewals
25th July 2019
Global insurer and reinsurer SCOR has reported strong and profitable growth for the first six months of the year, supported by continued growth in Global P&C on the back of strong renewals. Group net income increased by 9.2% for the first-half of the year to €286 million, as the reinsurer recorded ... Read the full article
SCOR quashes CEO pay challenge with vote recount
20th June 2019
French reinsurer SCOR has verified the results of a recent shareholder vote on the level of remuneration received by its Chairman and Chief Executive Officer (CEO), Denis Kessler. The vote was originally held at SCOR’s AGM in April 2019, and was initiated by investment management firm and activist investor CIAM, ... Read the full article
SCOR Global Life strengthens in France with three promotions
12th June 2019
SCOR Global Life, a division of global insurer and reinsurer SCOR, has announced a number of promotions in France, strengthening its position in the country. Formerly the Head of Client Solutions for SCOR Global Life, Barthélemy Philippe has been promoted to Director of the French Market. In this role, Philippe will work closely ... Read the full article
SCOR launches second UK cat bond, securing $250mn of protection
3rd June 2019
French reinsurer SCOR has returned to the UK market for the launch of a second catastrophe bond, securing multi-year risk transfer capacity of $250 million to protect against named storms in the U.S, earthquakes in the U.S and Canada, and windstorms in Europe. Atlas Capital UK 2019 PLC will run from ... Read the full article