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 to acquire 100% of mutual life/health reinsurer MutRé
17th July 2017
French reinsurance giant SCOR has announced this morning that it is to acquire the remaining shares of MutRé S.A., a reinsurer that SCOR has held a 33% stake in since 1998. MutRé S.A. is a mutual reinsurer, established to serve the social economy in France and a particularly major player in ... Read the full article
SCOR & PIC enter £1 billion longevity reinsurance swap
12th July 2017
Pension Insurance Corporation plc (PIC) has entered into a £1 billion (US$1.28bn) longevity reinsurance transaction with French reinsurer SCOR, meaning the insurer has now reinsured over 70% of its overall longevity risk. In a statement, PIC explains the new reinsurance agreement covers the longevity exposure of roughly 7,000 in-payment lives and ... Read the full article
SCOR reinsures Zurich’s longevity swap for Skanska pension fund
3rd July 2017
Zurich Assurance has signed a longevity hedge swap with Skanska Construction Services Trustee covering £300 million of liabilities, with Mercer acting as lead advisor to the trustee on the deal. 75% of the longevity hedge was reinsured by SCOR, with Zurich retaining the rest. Jim Sykes, Chief Executive Officer (CEO) of Zurich ... Read the full article
SCOR announces string of senior life leadership changes
29th June 2017
SCOR Global Life Americas has reported a series of changes to its Senior leadership, naming Von Peterson as Group Reinsurance team's Vice President of Sales and Marketing and Brian Anderson's promotion to head of Group Life & Accident product lines to succeed Mark Laulainen who is set to retire from ... Read the full article
SCOR Global Life Australia hires chief underwriter & chief medical officer
22nd June 2017
SCOR Global Life Australia has appointed Debra Pitcher as chief underwriter and Dr John Cummins as chief medical officer as it builds its team to expand local operations, the Financial Standard reported. Pitcher will assume responsibility for the Australia and New Zealand life reinsurance underwriting strategy and focus on developing client solutions. She ... Read the full article
SCOR enters U.S. medical reinsurance market
16th June 2017
French insurer and reinsurer SCOR's international life and health reinsurance subsidiary, SCOR Global Life, has entered the U.S. medical reinsurance market with an experienced team based in Minneapolis, U.S. Paolo De Martin, Chief Executive Officer (CEO) of SCOR Global Life, said; "We are a market leader in US life reinsurance and ... Read the full article
SCOR expands EMEA longevity risk capabilities with new appointment
6th June 2017
French insurer and reinsurer SCOR has announced the appointment of seasoned longevity risk transfer executive, Wolfgang Murmann, as its new Head of Longevity for Europe, the Middle East and Africa (EMEA). The appointment of Murmann, who has a solid track record in longevity risk transfer markets and joins from asset management firm, Insight Investment, will enable ... Read the full article
SCOR hit as reinsurer ratings linked to sovereign downgrade in Brazil
30th May 2017
International financial rating agency Standard & Poor's (S&P) has placed its 'BBB+' financial strength rating of French re/insurer SCOR's Brazilian subsidiary, SCOR Brasil Resseguros S.A. (SCOR Brasil), on CreditWatch negative. The move comes in response to the rating agency placing its 'BB' long-term foreign and local currency sovereign credit ratings on ... Read the full article
SCOR hires Graeme Scott from Markel as EMEA Casualty CUO
16th May 2017
French reinsurance firm SCOR has announced the appointment of Graeme Scott as its EMEA Casualty Chief Underwriting Officer, hiring him from his most recent position as Head of Inwards Reinsurance at Markel International. Scott joins SCOR today and will be based in London for the reinsurer, where he will lead a ... Read the full article
Low cat losses but Ogden rate and reserve release impacts hit SCOR in Q1
27th April 2017
Global French insurer and reinsurer SCOR saw its net income decline in the first-quarter as it took a €116 million (US$126.4mn) pre-tax hit as a result of the Ogden rate cut in the UK, although this was somewhat offset by reserve releases and lower-than-expected catastrophe losses in the quarter. The ... Read the full article
SCOR establishes EMEA Hub led by Malcolm Newman
27th April 2017
France headquartered reinsurance company SCOR has announced the launch of a new EMEA Hub, covering Europe, the Middle East and Africa, a further step in its efficiency drive. The EMEA Hub will bring together SCOR's existing Paris-London and Zurich-Cologne Hubs, providing a much more simplified structure to the reinsurance group across ... Read the full article
Quota shares most efficient reinsurance option under Solvency II: Scor
12th April 2017
Scor has underlined quota shares as the most efficient form of reinsurance for insurer’s capital optimisation under Solvency II - as the industry continues to adapt to the regime's regulatory requirements since its implementation last year. In a recent report on capital optimisation, Scor analysts contrasted the three capital drivers of ... Read the full article
SCOR approved to open Japanese life & health reinsurance branch
3rd April 2017
French headquartered global reinsurance player SCOR has received approval to open a Japanese branch office for life and health reinsurance operations under its SCOR Global Life SE brand. The Financial Services Agency of Japan (FSA) has approved SCOR Global Life SE's application to open a branch office in Tokyo as of ... Read the full article
SCOR’s Isa Ennadifi joins XL Catlin’s Structured Risk Solutions team
28th March 2017
Insurer and reinsurer XL Catlin has announced that Isa Ennadifi has joined its insurance division from re/insurer SCOR, as Senior Underwriter, Structured Risk Solutions (SRS), effective March 28th, 2017. Ennadifi will be based in XL Catlin's London office, tasked with underwriting non-traditional solutions for captive and corporate clients. She joins XL Catlin's insurance ... Read the full article
European reinsurers disciplined in a tough market: Fitch
17th March 2017
Large European reinsurers continued to show discipline in a very challenging marketplace and broader economic environment in 2016, as reserve releases declined and companies reported a reduction in renewed business, according to the latest European reinsurance market report from Fitch Ratings. The profitability of European reinsurers remained pressured throughout 2016, with Fitch ... Read the full article