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 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

L&G in £300mn longevity insurance deal, 100% reinsured by SCOR

22nd August 2018

Legal & General (L&G) has announced the completion of its first streamlined longevity transaction, covering approximately £300 million (US$387mn) of liabilities of an unnamed mid-tier pension scheme. The deal is L&G's first entry in the longevity insurance market for smaller schemes. According to L&G, to date, longevity swap deals have been ... Read the full article

Aegon to divest last block of U.S. life reinsurance business to SCOR

7th August 2018

Aegon has announced an agreement to divest the last substantial block of its life reinsurance business to SCOR Global Life, a division of French domiciled reinsurer SCOR. The latest transaction is consistent with Aegon's strategic objective to lower the volume of capital allocated to its run-off businesses. Under the agreement, Aegon's Transamerica ... Read the full article

SCOR’s H1 results highlight positive but fading price momentum

26th July 2018

Global insurer and reinsurer SCOR has reported its second-quarter and first-half 2018 results, which reveals a hit to its net income as a result of the U.S. tax reforms, as well as the continued deceleration in P&C pricing following the impacts of 2017 catastrophe events. The French re/insurer today reported net ... Read the full article

Fitch suggests large reinsurers can better withstand market challenges

10th July 2018

Fitch Ratings recently affirmed its stable outlook and ‘AA-‘ Insurer Financial Rating (IFR) for European reinsurance giants Swiss Re and SCOR, reasoning that the scale of the companies allows them to better withstand current market challenges. The rating agency recognised that both companies currently had very strong business profiles within the ... Read the full article

SCOR consolidates London Market specialty insurance platform, names head

9th July 2018

SCOR Global P&C has revealed plans to consolidate its specialty insurance operations in the London Market into a single business platform, led by Stuart McMurdo, current Chief Executive Officer (CEO) of SCOR UK. SCOR says the new specialty insurance platform will offer either company or Lloyd’s paper or a combination of ... Read the full article

SCOR backs solution aimed at improving drought resilience in Ethiopia

26th June 2018

French insurer and reinsurer SCOR has announced that it supports a recently launched insurance solution that leverages technology to improve drought resilience in Ethiopia, called the Satellite Index Insurance for Pastoralists in Ethiopia (SIIPE). The project, which was started by the World Food Programme (WFP) and facilitated by re/insurance broker Willis Towers Watson, ... Read the full article

Swiss Re, SCOR, AIG elected to EU Expert Group for Sustainable Finance

19th June 2018

The European Commission has named representatives from Swiss Re, SCOR and AIG as among the list of members of its Technical Expert Group on Sustainable Finance, which will assist the Commission in developing a classification system for environmentally sustainable economic activity. The Group, which was announced in the Commission’s Action Plan ... Read the full article

SCOR Global Life and Transamerica Ventures invest in iBeat health tech

8th June 2018

SCOR Global Life and Transamerica Ventures, the venture capital arm of the Aegon Group and Transamerica, have invested in wearable health technology company iBeat in support of its wellness and safety platform. The investments include enterprise partnerships and booked revenue for iBeat’s cardiac monitoring smartwatch, which will eventually be rolled out ... Read the full article

SCOR & Paris School of Economics create Macroeconomic Risk research chair

7th June 2018

SCOR’s Corporate Foundation for Science has worked with the Paris School of Economics (PSE) in the creation of a research chair on Macroeconomic Risk. The SCOR-PSE announcement is a commitment to better understand and develop macroeconomic risk research by the France-headquartered reinsurer. French economist and governmental advisor Gilles Saint-Paul will provide scientific ... Read the full article

SCOR announces landmark $300m Atlas Capital UK 2018 cat bond

1st June 2018

France-based reinsurance company SCOR has announced today the successful sponsorship of its new $300 million Atlas Capital UK 2018 catastrophe bond, the first of its kind following new UK legislation. The multi-year collateralised deal will protect SCOR from named storms in the U.S., earthquakes in the U.S. and Canada, and windstorms ... Read the full article

SCOR restructures Business Solutions unit to enhance client focus

16th May 2018

SCOR has restructured its large corporate risks insurance unit, SCOR Business Solutions, to align with its current strategic plan, ‘Vision in Action’, which aims to increase the firm’s client centricity. The new organisational structure promotes greater business leadership and client and broker relationship management at a local level, offering global Line ... Read the full article

SCOR “looking forward” to mid-year, expects confirmation of positive trends

4th May 2018

French insurer and reinsurer SCOR remains on track to deliver growth in 2018, and with the insights of the January and April renewals, is looking forward to mid-year when it expects further confirmation of positive trends. For the first-quarter of 2018 SCOR recorded net income of €166 million, up almost 17% ... Read the full article

SCOR promotes Redmond Murphy to CEO of Global Life Reinsurance Ireland

4th May 2018

SCOR has announced the appointment of Redmond Murphy as Chief Executive Officer (CEO) of SCOR Global Life Reinsurance Ireland (SGLRI). Murphy will now be responsible for leading the SGLRI entity and driving the strategic direction of the business, as well as managing all the activities of the local team, including finance, ... Read the full article

SCOR reports 18.6% income growth in Q1, improved April renewals

26th April 2018

French reinsurance firm SCOR has reported a strong start to 2018, with premiums underwritten rising across the business, an increased net income and ongoing improved market conditions experienced at the April 1st reinsurance renewals. The reinsurer reports gross premiums underwritten of EUR 3.771 billion for the first-quarter of 2018, up by ... Read the full article