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’s Channel Syndicate partners with InsurTech start-up on invoice protection
19th September 2018
SCOR Global P&C’s Channel Syndicate has partnered with InsurTech start-up Hokodo to provide an invoice protection product to small and medium sized businesses. The partnership will see the Channel Syndicate and SCOR Global P&C develop a range of insurance products which will then be underwritten and distributed using Hokodo’s innovative distribution ... Read the full article
SCOR & Covéa rumours continue, as activist investors mobilise
19th September 2018
French insurance group Covéa is continuing to examine new approaches to a potential acquisition of SCOR after its offer of €8.2 billion (US $9.6 billion) was rejected last month, while pressure mounts for SCOR as activist investors urge CEO Denis Kessler to engage in talks. Sources at Reuters said that ... Read the full article
SCOR negotiating sale of Rehalto subsidiary to Workplace Options
17th September 2018
French reinsurance giant SCOR has announced that it is in exclusive negotiations with the employee support services provider Workplace Options concerning a worldwide distribution partnership agreement and the sale of SCOR Global Life’s employee wellness solutions subsidiary, Rehalto. A partnership with Workplace Options would enhance SCOR Global Life’s global offering of ... Read the full article
SCOR showing strong progress across key growth areas: Laurent Rousseau
12th September 2018
SCOR has made strong progress over H1 2018 in all four of its core growth areas; the U.S, international (including Lloyd’s), SCOR Business Solutions big ticket insurance business, and its MGA business, according to Laurent Rousseau, Deputy Chief Executive Officer (CEO) of SCOR Global P&C. Speaking with Reinsurance News, Rousseau outlined ... Read the full article
The cycle has “disappeared,” says SCOR’s Denis Kessler
11th September 2018
Denis Kessler, Chairman and Chief Executive Officer (CEO) of French reinsurance giant SCOR, has said that it is his “strong conviction” that the reinsurance pricing cycle has “disappeared” and is unlikely to return. Speaking during a debate on the third day of the Reinsurance Rendezvous event in Monte Carlo, Kessler acknowledged ... Read the full article
Innovation key to London ILS success: GC Securities’ Des Potter
10th September 2018
With the UK having updated its insurance-linked securities (ILS) regulatory and tax regime last year in an effort bolster its competitiveness throughout the transition out of European Union membership, the Managing Director of GC Securities, Des Potter, has discussed how London can build on its early success and become an ... Read the full article
Re/insurers are not mastering cyber: SCOR’s Victor Peignet
10th September 2018
French reinsurance giant SCOR does still not feel that the re/insurance industry has mastered cyber to a level where it is able to underwrite on a big scale. Speaking in Monte Carlo today at the Reinsurance Rendez-vous, Victor Peignet, CEO of SCOR’s Global P&C division explained that, while they’ve been putting ... Read the full article
SCOR announces P&C division reshuffle
6th September 2018
In alignment with its Vision in Action strategic plan SCOR Global Life has announced a new organisational structure with three new business areas: Reinsurance, P&C Partners and Specialty Insurance. The company says this move will support its ambitions for the future, as it looks to address the evolving needs of its ... Read the full article
SCOR announces senior life and operational appointments
5th September 2018
SCOR Global Life has appointed Brona Magee to the position of Deputy Chief Executive Officer; replacing Simon Pearson, who is due to retire. She currently serves as Head of Client Solutions at SGL and is a member of its Executive Leadership team. Effective September 5, Magee will be responsible for Global ... Read the full article
SCOR denies rumour of PartnerRe talks
4th September 2018
SCOR is under the microscope today, with press rumours now circulating following the initial reveal that mutual insurance group owner Covéa had approached the firm with an acquisition offer, which SCOR turned down. SCOR quickly said that its Board decided to decline the approach from insurance group Covéa as it ... Read the full article
SCOR finds Covéa offer “fundamentally incompatible” with strategy
4th September 2018
French reinsurer SCOR said that its Board decided to decline the approach from insurance group Covéa as it is "fundamentally incompatible with SCOR's strategy of independence." Earlier today it came to light that SCOR had been approached by French insurance group Covéa, which had offered the reinsurer a "friendly merger" ... Read the full article
SCOR turns down acquisition offer from Covéa
4th September 2018
French reinsurance firm SCOR, one of the largest reinsurers in the world, has turned down an acquisition approach from independent French insurance group Covéa. Covea already has a stake in SCOR of just over 8% and the firm had been looking to take out the rest of the reinsurer in a ... Read the full article
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
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