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 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
Major reinsurers combined ratios over 100% on normalised basis: Fitch
16th March 2017
On a normalised basis major European reinsurers combined ratios were over 100% last year, but industry players benefitted from unusually favourable circumstances with lower-than-expected major losses and large prior year reserve releases meaning carriers maintained resilience in a tough market, according to Fitch. This normalised combined ratio rate of over 100% means under ... Read the full article
SCOR targets move into Iran with reinsurance negotiations
8th March 2017
SCOR’s Global P&C CEO Victor Peignet, met the President and Head of High Council of Insurance of Bimeh Markazi Iran Central Insurance, Abdolnaser Hemmati last Sunday in Tehran, to negotiate potential for collaboration. The meeting follows the removal of sanctions against Iranian companies, which has seen world-leading re/insurers move in to ... Read the full article
SCOR expects to save up to EUR 200m from consolidation of legal entities
28th February 2017
One of the steps taken by French reinsurance firm SCOR to optimise its business in the new Solvency II world is a rationalisation, consolidation and reorganisation of its various legal entities, which once completed could save the company around EUR 200 million. As part of SCOR's latest strategic plan the firm ... Read the full article
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