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 appoints Rachel Conran to Head of Business Solutions

23rd February 2017

Reinsurance firm SCOR Global P&C has appointed Rachel Conran as its new Head of SCOR Business Solutions - the business unit dedicated to large corporate risks. In her new role, Conran will report to Benjamin Gentsch, Deputy CEO of SCOR Global P&C and Head of Specialty Lines, she succeeds Emmanuel Fierens, ... Read the full article

SCOR ready to leverage “positive prospects” in reinsurance

22nd February 2017

French reinsurance company SCOR has delivered another strong result this morning despite the softened state of the reinsurance market, reporting EUR 603 million of net income and a return on equity of 9.5% for 2016. Those figures are down slightly on 2015, but that is to be expected given the state ... Read the full article

SCOR makes senior promotions across Global Life business

14th February 2017

French reinsurance firm SCOR has announced a number of senior appointments in its Global Life reinsurance business unit, as it promotes a number of staff from within. Paolo De Martin, Chief Executive Officer of SCOR Global Life, commented; "With today's promotions we continue to optimally position SCOR Global Life for the ... Read the full article

Reinsurance demand growth seen in North America: Hannover Re

10th February 2017

Hannover Re has underscored North America as one of its major target markets for the coming year after the U.S.’s economic recovery has raised demand for reinsurance protection. The reinsurance giant said its total premium volume for North America rose by 6.5 percent, an attractive margin of increase, especially when compared ... Read the full article

SCOR finds U.S. reinsurance growth at 1/1

7th February 2017

French reinsurance company SCOR found opportunities for premium growth at the January 1st 2017 renewals, with the U.S. driving much of its increase despite that market being the most under pressure. SCOR has been targeting expansion into the U.S. over recent reinsurance renewals, with the way it has historically diversified its ... Read the full article

SCOR joins string of re/insurers to embrace blockchain initiative

6th February 2017

SCOR has become one of the latest in a string of insurers and reinsurers to join the Blockchain Insurance Industry Initiative (B3i), after successful testing of the concept has proven its potential value. Since the blockchain initiative was launched in October 2016, it’s attracted 15 of the largest players across the globe, including; ... Read the full article

SCOR adds senior U.S. life reinsurance hires

25th January 2017

Global reinsurance firm SCOR has added two life reinsurance related hires in the United States, to join the team that manages the reinsurers daily Life reinsurance operations in the Americas. David Anderson has been named, Senior Vice President, US Life Reinsurance, and Alan Routhenstein has been named, Senior Vice President, Financial ... Read the full article

SCOR & ChainThat test blockchain proof-of-concept for reinsurance

23rd January 2017

French reinsurance giant SCOR has been working on testing a blockchain based proof-of-concept for digitalising certain reinsurance market processes with start-up ChainThat. As the insurance technology (InsurTech) trend continues to accelerate, the majority of major reinsurance firms have been involved in testing blockchain technology (the distributed ledger style database that underpins ... Read the full article

SCOR provides reinsurance for streamlined longevity hedge

20th January 2017

French reinsurance firm SCOR has participated in a UK£300 million longevity swap transaction, providing reinsurance capital to back 80% of the transaction, while insurer Zurich retained the remaining longevity risk. It's the first so-called streamlined longevity swap deal that SCOR has participated in, with the transaction having been facilitated through a ... Read the full article

UBS turns more negative on European reinsurance sector

16th January 2017

Equity analysts at investment banking group UBS say they are now more negative on the European reinsurance sector, after January renewals saw prices decline further than expected and with fundamentals across the sector looking shaky. With risks on the horizon for the major European reinsurance firms and the London market players, ... Read the full article

SCOR makes senior Group appointments

16th January 2017

Global reinsurance players SCOR has announced a number of senior appointments, naming heads of its Americas and Asia Pacific hubs, as well as changes in its technology and public affairs functions. All the new appointments are immediately in effect and sit in Group level functions within the French headquartered reinsurance firm. Paul ... Read the full article

SCOR targets underwriting efficiency with LifeSuite tech Asia-Pacific expansion

12th January 2017

Paris, France headquartered global reinsurance firm SCOR is aiming for improved turnaround speed in its life underwriting business in Asia Pacific, by rolling out the StoneRiver LifeSuite® automated Life underwriting system in the region. SCOR already uses the StoneRiver life insurance and reinsurance technology platform in its Paris office, and has ... Read the full article

Growth opportunities still exist in reinsurance: J.P. Morgan Cazenove

5th January 2017

With the global reinsurance market having just been through another tricky January renewal season, when rates are generally accepted to have fallen and terms expanded further, there are still opportunities for companies to grow their premiums, according to analysts. Sluggish demand is a factor that has exacerbated the softening of the ... Read the full article

SCOR receives R3 approval from the IRDAI to establish regional branch

28th December 2016

Insurer and reinsurer SCOR has received R3 approval from the Insurance Regulatory and Development Authority of India (IRDAI) to establish a Composite Branch office in the region, the company has announced.  SCOR is the latest global re/insurer to receive R3 authorisation, after the IRDAI granted approval to five other reinsurance ... Read the full article

A.M. Best maintains stable outlook for U.S. life reinsurance market

13th December 2016

International financial services ratings agency, A.M. Best, has maintained its stable outlook for the U.S. life reinsurance marketplace, in spite of the company recently revising its outlook on the U.S. life/annuity industry to negative, and maintaining its negative outlook on the global reinsurance market. A recent A.M. Best briefing on ... Read the full article