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.

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

SCOR promotes Emmanuel Grandjean to Head of P&C Risks

12th May 2021

Global reinsurer SCOR has promoted its Deputy Chief Retrocession Officer, Emmanuel Grandjean, to a new position as Head of Property and Casualty (P&C) Risks, based in Paris. Grandjean has 15 years of experience in re/insurance industry, with experience across Life, P&C and Asset business. Notably, he has been one of the key ... Read the full article

SCOR partnership targets new digital health data underwriting solutions

12th May 2021

Global reinsurer SCOR is partnering with digital life and health underwriting specialist HealthyHealth to help provide customers with instant underwriting decisions via new data-driven solutions. HealthyHealth’s product analyses health data from smartphones and wearables, shared with insurers by life insurance applicants, to predict applicants’ risk of developing critical medical conditions and ... Read the full article

SCOR partners with insurtech Snapsheet on digital claims management solutions

6th May 2021

Global reinsurer SCOR has announced a new strategic partnership that will provide its clients with access to an end-to-end claims management platform, digital payments platform, motor virtual appraisal offering, and set of third-party integrations. The solutions are provided by digital claims management software specialist Snapsheet. Snapsheet has fostered a reputation for helping ... Read the full article

SCOR solidifies ILS position with Coriolis integration

28th April 2021

SCOR Investment Partners, the SCOR group’s portfolio management company, has completed its integration of London-based ILS fund manager Coriolis Capital Limited. The French reinsurer closed its acquisition of Coriolis in September 2019, after first announcing the transaction in May 2019. However, SCOR has only now completed the integration of Coriolis’s operations ... Read the full article

SCOR sets further climate targets for investments

28th April 2021

French re/insurer SCOR has announced further climate targets to reduce the carbon intensity of its investments and accelerate its move towards net-zero emissions. By 2025, SCOR now aims to have reduced the carbon intensity of its corporate bonds and listed equities portfolio by 27%. It's hoped that this new target will support ... Read the full article

SCOR reports 72% decline in Q1 net income amid COVID & nat cat losses

28th April 2021

Global re/insurer SCOR has reported a 72% dip in net income for the first quarter of 2021 to €45 million, as COVID-19 impacted the life side of the business and natural catastrophes hit the performance of its P&C operation in the period. SCOR notes that its Q1 2021 results have been ... Read the full article

SCOR achieves overall rate increase of 4.3% at April 1 reinsurance renewals

16th April 2021

French insurer and reinsurer SCOR has reported a strong April renewals season, during which the firm grew its premiums by more than 14%, with an overall increase in pricing of 4.3%. The reinsurer says that it benefitted from the continued improvements in pricing and terms & conditions already seen at the ... Read the full article

Covéa files complaint against SCOR CEO Kessler, SCOR refutes claims

25th March 2021

Covéa Group has filed on behalf of SCOR a complaint against its Chief Executive Officer (CEO), Denis Kessler, with the Parquet National Financier, which SCOR has refuted and condemned. French insurer and reinsurer SCOR's largest shareholder, Covéa, filed the complaint on Wednesday, March 24th, citing market manipulation and misuse of corporate ... Read the full article

SCOR announces new satellite-based pasture insurance tool in Brazil

22nd March 2021

Global reinsurer SCOR has announced its role in the creation of a new satellite-based pasture insurance tool available to all Brazilian livestock farmers. Pastagem Protegida – Índice was created in collaboration with Pastagem Protegida – Índice was created in collaboration with IRB, ESSOR and AgroBrasil, and is based on the Airbus ... Read the full article

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