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 Specialty Insurance adds to Marine team
29th October 2020
SCOR Specialty Insurance, a division of global reinsurer SCOR, has announced the appointment of Richard Morris to complete its Marine Specialty product set. Operating alongside the existing Fine Art and Cargo books, Morris’ account will focus on Jewellers Block & Cash in Transit. He will be based in London and reports to ... Read the full article
InsurTech startups need to learn from previous mistakes: Convergence 2020
20th October 2020
In a virtually held 2020 ILS Bermuda Convergence event, Insurtech became the main focus on a panel featuring Lyndsey Toeppen, Former Vice-President, Sandbox Insurtech Ventures and Adrian Jones, Deputy CEO, P&C Partners, Ventures & Strategic Partnerships, SCOR. The question of what it takes for an InsurTech to be successful will be ... Read the full article
SCOR Reinsurance APAC adds Hitesh Shah to board
7th October 2020
SCOR Reinsurance Asia-Pacific Pte Ltd (SRAP), a division of global re/insurer SCOR, has announced the appointment of Hitesh Shah as an Independent Non-Executive Director, effective August 20th, 2020. Shah joins the company's board alongside existing independent non-executive directors, Eric Raynaud and Andre Chieng, and will be tasked with Chairing the Audit ... Read the full article
Reinsurers to play important role in climate change: SCOR
7th October 2020
Due to global risks increasing, SCOR believes that the re/insurance industry has a key role to play in addressing current climate change risk challenges. During September, SCOR took place in a webinar, where Michèle Lacroix and Laurent Rousseau looked at how re/insurers can take a proactive stance on sustainability and climate ... Read the full article
SCOR Global P&C reveals organisational changes and promotions
5th October 2020
SCOR Global P&C has announced a number of changes and promotions as it looks to deepen its client relationships and become more agile to faster adapt to the evolutions of markets. In a message to clients last week, SCOR Global P&C Chief Executive Officer (CEO), Jean-Paul Conoscente, announced a number of ... Read the full article
SCOR promotes Kelly to CFO as Kociancic departs
30th September 2020
Global insurer and reinsurer SCOR has named Ian Kelly, currently Head of Investor Relations, as its new Chief Financial Officer (CFO), effective October 2nd, 2020. Kelly replaces Mark Kociancic, who has decided to pursue a new direction in his career, having served as SCOR's CFO since 2013, following successively senior roles ... Read the full article
AM Best confirms SCOR ratings
28th September 2020
AM Best has decided to confirm the Financial Strength Rating and Issuer Credit Rating of SCOR as ‘A+ Superior’ and ‘aa-‘, respectively. The rating agency said the move reflects SCOR’s strong balance sheet strength, as well as its operating performance, very favourable business profile and enterprise risk management. In particular, analysts noted ... Read the full article
NBIS partners with SCOR for insurance solutions
21st September 2020
Risk management and insurance company, NationsBuilders Insurance Services, Inc. (NBIS), has announced a new partnership with member companies of SCOR to support its insurance solutions for the Specialised Transportation/Heavy Haul Industry. Coverage lines provided for the program offered exclusively by NBIS and the SCOR member companies include admitted and non-admitted Commercial ... Read the full article
Industry viewed pandemic risk through too narrow a prism: SCOR’s Kessler
17th September 2020
For the most part, pandemic had historically been viewed as a life catastrophe exposure, but the COVID-19 outbreak has shone a light on the potential impacts of a pandemic on the global property & casualty (P&C) sector. In a keynote held this morning as part of insurer and reinsurer SCOR's virtual ... Read the full article
SCOR execs anticipate more demand for re/insurance next year
15th September 2020
Senior executive officers from SCOR have said they are expecting to see increased demand for insurance as the market heads into the 2021 renewals, with primary players also looking to secure more reinsurance to protect their capital. Last week, SCOR said that it viewed current P&C market conditions as very ... Read the full article
SCOR places €300m subordinated Tier 2 notes to support organic growth
11th September 2020
French reinsurance company SCOR has announced that it has successfully placed a dated subordinated Tier 2 notes issue amounting to €300 million (USD 355 million). SCOR says that the proceeds of the issuance will be used for general corporate purposes, with settlement expected to occur on September 17th, 2020. The coupon is ... Read the full article
SCOR very positive on hardening P&C market as it absorbs COVID-19 impacts
9th September 2020
Global reinsurer SCOR sees current P&C market conditions as very positive and is anticipating growth with solid pricing dynamics, as the company absorbs the impacts of the COVID-19 pandemic. The French reinsurance company is the latest to note an expectation of continued rate hardening across the reinsurance sector, exacerbated by the ... Read the full article
Average combined ratio of the world’s top reinsurers declined in 2019
2nd September 2020
Analysis of the Top 50 Global Reinsurance Groups reveals that, year-on-year, combined ratios trended higher for some of the largest players in the market in 2019 as underwriting profitability dipped for the cohort. When ranked by unaffiliated gross written premiums (GWP) in 2019, the top ten remains relatively unchanged year-on-year, ... Read the full article
SCOR appoints Olivier Gay as SVP for Canadian reinsurance business
27th August 2020
Global reinsurer SCOR has announced the appointment of Olivier Gay as Senior Vice President for SCOR Canada Reinsurance Company. Gay, who has held roles of increasing responsibility since first joining the company in 2010, most recently served as Deputy Chief Financial Officer with SCOR in Singapore for the Asia Pacific region. Prior ... Read the full article
European reinsurers top tier globally by business profile: Fitch
24th August 2020
The four major European reinsurers - Munich Re, Swiss Re, Hannover Re and SCOR SE are among the top tier of global reinsurers by business profile, Fitch Ratings says. Large franchises and a high degree of diversification underpin Fitch's assessment of very strong business profile for each group. The capital adequacy of ... Read the full article
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