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.
Europe’s major reinsurers grew 11% at mid-year 2021 renewals: Litmus Analysis
2nd September 2021
Europe's four major reinsurers renewed roughly €12 billion of treaty premium at the mid-year 2021 reinsurance renewals, with an average risk-adjusted price increase of 2.1%, according to research from Litmus Analysis. The €12 billon of renewed treaty premium represents growth of 11%, which is an improvement on the 5% growth recorded ... Read the full article
SCOR’s net income rises to €380m; COVID BI claims return
28th July 2021
Global reinsurer SCOR has reported net income of €380 million for the first-half of 2021 and gross written premiums (GWP) of €8.44 billion, representing growth of more than 9% at constant exchange rates. Net income of €380 million is a huge improvement from the income of €26 million posted for the ... Read the full article
Shareholder vote shows “discontent” with SCOR governance, says CIAM
30th June 2021
Activist investor CIAM has argued that the recent shareholder vote on SCOR’s remuneration policy shows “discontent” with governance practices at the reinsurer. At SCOR’s Annual General Meeting (AGM) held earlier today, 44.4% of shareholders opposed Denis Kessler’s remuneration for 2020 and 36.8% opposed his remuneration policy for 2021. CIAM further noted that ... Read the full article
SCOR gains shareholder approval for CEO changeover
30th June 2021
SCOR received shareholder approval for all resolutions submitted at its General Meeting today, including for the separation of the roles of Chairman and CEO as Denis Kessler hands over his executive role to Laurent Rousseau. The renewal of the director mandates of Denis Kessler, Bruno Pfister et Claude Tendil were ... Read the full article
SCOR and Barclays settle dispute
14th June 2021
The dispute between global re/insurer SCOR and British multinational universal bank, Barclays, has reached an end as the pair settled their dispute before the High Court in London on mutually beneficial terms. SCOR was seeking to sue Barclays in London for breach of confidence when the bank advised the re/insurer's largest ... Read the full article
CIAM claims Kessler “neutralising” opposition via Covéa settlement
11th June 2021
Activist investor CIAM has expressed cynicism over the recent settlement agreement between SCOR and Covéa, who have elected to renew their relationship after failed takeover talks led to a string of accusations and investigations. SCOR is preparing to undergo a leadership transition at the end of June, when Laurent ... Read the full article
SCOR & Covéa reach settlement agreement
11th June 2021
Global insurer and reinsurer SCOR and the company's largest shareholder, Covéa Group, have elected to renew their relationship based on trust and mutual support after failed takeover talks led to a string of accusations and investigations. The ACPR has called on the pair to re-establish dialogue, leading to a binding agreement ... Read the full article
SCOR hires Lea Müller as Head of Global Lines Cat Pricing
10th June 2021
Global reinsurance firm SCOR has appointed Lea Müller as Head of Global Lines Cat Pricing. Müller brings 10 years experience in re/insurance, natural catastrophe modelling and agricultural products. Previously, she was Head of Consulting at CelsiusPro, where together with her team she consulted clients from the public and private sectors on climate, ... Read the full article
CIAM urges SCOR to push Kessler out of Chairman role in 2022
3rd June 2021
In a new letter to the governance of SCOR, activist investor CIAM has argued that Denis Kessler should be allowed to serve as Chairman of the company for a transitional period only, which would end at the Annual General Meeting in 2022 when he reaches the statutory age limit. It follows ... Read the full article
Olivier Gay takes over as President & CEO of SCOR Canada Reinsurance
3rd June 2021
French reinsurer SCOR has announced the appointment of Olivier Gay as President and Chief Executive Officer (CEO) for SCOR Canada Reinsurance Company, in addition to his role as Chief Underwriting Officer (CUO) for the business, effective June 11th, 2021. Gay takes over as President and CEO of the company from Paul ... Read the full article
French regulator dismisses market abuse claims against SCOR’s Kessler
28th May 2021
The French financial regulator has concluded that there is insufficient evidence to support claims of market abuse made by Covéa against Denis Kessler, Chairman and CEO of SCOR. The French Financial markets authority informed the French Financial prosecution office that the information it has gathered does not support the charges made ... Read the full article
SCOR develops claims rules engine for life business
21st May 2021
Reinsurer SCOR has developed a Claims Rules Engine (CRE) as a management solution for its life business, designed to accelerate claims lodgement and decision making, while freeing up claims assessor to support more complex claims. The SCOR CRE leverages Smart Rules, using behavioural economics principles to create a simple claims-lodging process ... Read the full article
CIAM voices concerns over SCOR’s CEO transition
18th May 2021
Activist investor CIAM has raised several concerns about the succession plan and transition period at SCOR, which announced yesterday that CEO Denis Kessler will hand leadership of the reinsurer over to Laurent Rousseau after June this year. Rousseau is currently Deputy CEO of SCOR Global P&C, Chairman of SCOR Europe ... Read the full article
Laurent Rousseau to succeed Denis Kessler as CEO of SCOR
17th May 2021
Global reinsurance firm SCOR will have a new Chief Executive Officer after June this year, as the Board approved Laurent Rousseau, Deputy Chief Executive Officer of SCOR Global P&C, Chairman of SCOR Europe and member of the Group Executive Committee to succeed him. The announcement of Denis Kessler's successor was expected ... Read the full article
Verisk launches AI-driven, life insurance solution
13th May 2021
Global reinsurer SCOR has provided extensive feedback on a new Verisk-developed life insurance solution designed to distill insights from medical notes in electronic health records. EHR Triage Engine Plus leverages natural language processing and artificial intelligence and was developed in a collaborative effort between the two firms. The solution can be integrated ... Read the full article
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