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 Singapore branch to transfer entire business to SCOR Re Asia-Pacific
26th August 2025
French re/insurer SCOR is seeking to restructure its legal entity framework in the Asia Pacific region to create a more agile and efficient organisation. This aligns with the company's strategic plan, as it aims to align services to further enhance the delivery of high-quality client support. Through this, the SCOR says that ... Read the full article
SCOR/Covéa arbitration on retrocession treaties stays on track
15th August 2025
SCOR has confirmed that the arbitration tribunal overseeing its dispute with Covéa over June 2021 retrocession treaties will keep to the original timetable, with a final ruling expected in 2026. Providing some background, in 2022, SCOR filed an arbitration seeking the execution of the retrocession treaties signed with Covéa in June ... Read the full article
SCOR launches second Ecological Restoration Insurance Solution Product: ‘Manage’
13th August 2025
SCOR has launched 'Manage', the second product in its Ecological Restoration Insurance Solution, which Harmender Singh Kalirai, Chief Transaction Officer at SCOR P&C, described as "the next evolution of the Solution." The Manage product was announced by Jean-Paul Conoscente, CEO of SCOR P&C, during his welcome speech at the inaugural SCOR ... Read the full article
SCOR preparing for competitive reinsurance environment to persist & intensify into Jan 1
31st July 2025
Thierry Léger, Chief Executive Officer (CEO) of SCOR, one of Europe's big four reinsurers, said this morning that although there's not been an influx of new entrants in the reinsurance market, competition was high at the mid-year renewals and could be even more competitive at January 1st, 2026. Addressing the media ... Read the full article
SCOR’s net income hits EUR 226m in Q2’25 with improved 82.5% CoR
31st July 2025
French reinsurer SCOR has announced its financial results for the second quarter of 2025, reporting a rise in net income to EUR 226 million, reversing the loss of EUR 308 million recorded in the second quarter of 2024. This improvement was driven by strong performance across all business activities, including an ... Read the full article
2024 second consecutive year of ‘very strong’ P&C results for large global reinsurers: Fitch
11th July 2025
According to a new peer group credit analysis, sustained underwriting results and investment income made 2024 the second consecutive year of "very strong" property and casualty (P&C) financial performance in a prolonged favourable market. The insurers in this peer group are some of the largest in the industry, including Hannover ... Read the full article
SCOR appoints Gilles Nansenet as Global Account Executive
30th June 2025
French reinsurer SCOR has announced the appointment of Gilles Nansenet as Global Account Executive within its Global Client Unit in Paris. Nansenet brings 35 years of experience in the property and casualty reinsurance industry. He joins SCOR after two decades at AXA XL Re, where he most recently served as Market ... Read the full article
SCOR bridging the funding gap for ecological restoration projects: Harmender Singh Kalirai
23rd June 2025
In an interview with Reinsurance News, Harmender Singh Kalirai, Chief Transaction Officer at SCOR P&C, discussed SCOR’s new Ecological Restoration Insurance Solution and how it aims to bridge the gap between the need and the desire to finance ecological restoration projects by de-risking the opportunity to attract greater investment. Harmender explained ... Read the full article
SCOR unveils NatReCo Initiative to drive nature-positive re/insurance solutions
11th June 2025
SCOR has launched the NatReCo Initiative to offer clients re/insurance solutions supporting nature-positive projects that address societal challenges such as climate change, health and wellbeing, food and water security, sustainable agriculture, and natural catastrophe risk. The French reinsurer suggested that it strives to optimise its impact on nature and people by ... Read the full article
Europe’s big four reinsurers still on track to meet ‘ambitious’ 2025 targets, says Fitch
20th May 2025
Although the property and casualty (P&C) operations of reinsurers Munich Re, Swiss Re, Hannover Re, and SCOR were hit by elevated large loss costs in the first quarter of 2025, driven by the historic Los Angeles wildfires, analysts at Fitch Ratings feel the four companies are still on track to ... Read the full article
California wildfire losses won’t drive SCOR’s price adjustments at midyear renewals: Conoscente
7th May 2025
While the significant losses related to the California wildfires will impact the June/July reinsurance treaty renewals, they are not expected to be a major factor dictating SCOR’s overall price adjustments across its book of business, according to CEO of Global P&C, Jean-Paul Conoscente. He stated: “The California wildfire payback will impact ... Read the full article
SCOR posts 85% CoR as net income hits €200m in Q1’25
7th May 2025
French reinsurer SCOR has reported a 1.7% rise in net income to €200 million for the first quarter of 2025 with a solid performance in both its Life & Health (L&H) and Property & Casualty (P&C) segments, despite the impacts of the Los Angeles wildfires. Group-wide, SCOR has reported Q1'25 insurance ... Read the full article
Diane Côté and Doina Palici-Chehab join SCOR Board
30th April 2025
At SCOR SE’s recent Combined Shareholders’ Meeting, the appointments of Diane Côté and Doina Palici-Chehab as directors were announced, along with Jacques Aigrain as an observer. The Ordinary and Extraordinary Shareholders’ Meeting was held on 29th April at the company’s registered office, 5 avenue Kléber, 75016 Paris, France, under the chairmanship ... Read the full article
SCOR appoints Philipp Rüede as CEO of L&H
23rd April 2025
French reinsurer SCOR has appointed Philipp Rüede as the Chief Executive Officer (CEO) of its Life & Health (L&H) division and a member of the Executive Committee, effective June 1st, 2025. He succeeds Frieder Knüpling, who stepped down in July 2024. In the new role, Rüede will prioritise driving the L&H ... Read the full article
SCOR backs TOWT’s shipping project to support the energy transition
15th April 2025
SCOR's large corporate risk insurance arm, SCOR Business Solutions, is supporting a new maritime transport project by TransOceanic Wind Transport (TOWT) aimed at decarbonizing global shipping. Alongside AXA XL Insurance, SCOR Business Solutions is providing crucial support through an innovative credit insurance policy (Marine Supported Finance) brokered by Marsh for TOWT's ... Read the full article
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