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.
CIAM claims Kessler “neutralising” opposition via Covéa settlement
11th June 2021
Activist investor CIAM has expressed cynicism over the recent settlement agreement between SCOR and Covéa, who have elected to renew their relationship after failed takeover talks led to a string of accusations and investigations. SCOR is preparing to undergo a leadership transition at the end of June, when Laurent ... Read the full article
SCOR & Covéa reach settlement agreement
11th June 2021
Global insurer and reinsurer SCOR and the company's largest shareholder, Covéa Group, have elected to renew their relationship based on trust and mutual support after failed takeover talks led to a string of accusations and investigations. The ACPR has called on the pair to re-establish dialogue, leading to a binding agreement ... Read the full article
SCOR hires Lea Müller as Head of Global Lines Cat Pricing
10th June 2021
Global reinsurance firm SCOR has appointed Lea Müller as Head of Global Lines Cat Pricing. Müller brings 10 years experience in re/insurance, natural catastrophe modelling and agricultural products. Previously, she was Head of Consulting at CelsiusPro, where together with her team she consulted clients from the public and private sectors on climate, ... Read the full article
CIAM urges SCOR to push Kessler out of Chairman role in 2022
3rd June 2021
In a new letter to the governance of SCOR, activist investor CIAM has argued that Denis Kessler should be allowed to serve as Chairman of the company for a transitional period only, which would end at the Annual General Meeting in 2022 when he reaches the statutory age limit. It follows ... Read the full article
Olivier Gay takes over as President & CEO of SCOR Canada Reinsurance
3rd June 2021
French reinsurer SCOR has announced the appointment of Olivier Gay as President and Chief Executive Officer (CEO) for SCOR Canada Reinsurance Company, in addition to his role as Chief Underwriting Officer (CUO) for the business, effective June 11th, 2021. Gay takes over as President and CEO of the company from Paul ... Read the full article
French regulator dismisses market abuse claims against SCOR’s Kessler
28th May 2021
The French financial regulator has concluded that there is insufficient evidence to support claims of market abuse made by Covéa against Denis Kessler, Chairman and CEO of SCOR. The French Financial markets authority informed the French Financial prosecution office that the information it has gathered does not support the charges made ... Read the full article
SCOR develops claims rules engine for life business
21st May 2021
Reinsurer SCOR has developed a Claims Rules Engine (CRE) as a management solution for its life business, designed to accelerate claims lodgement and decision making, while freeing up claims assessor to support more complex claims. The SCOR CRE leverages Smart Rules, using behavioural economics principles to create a simple claims-lodging process ... Read the full article
CIAM voices concerns over SCOR’s CEO transition
18th May 2021
Activist investor CIAM has raised several concerns about the succession plan and transition period at SCOR, which announced yesterday that CEO Denis Kessler will hand leadership of the reinsurer over to Laurent Rousseau after June this year. Rousseau is currently Deputy CEO of SCOR Global P&C, Chairman of SCOR Europe ... Read the full article
Laurent Rousseau to succeed Denis Kessler as CEO of SCOR
17th May 2021
Global reinsurance firm SCOR will have a new Chief Executive Officer after June this year, as the Board approved Laurent Rousseau, Deputy Chief Executive Officer of SCOR Global P&C, Chairman of SCOR Europe and member of the Group Executive Committee to succeed him. The announcement of Denis Kessler's successor was expected ... Read the full article
Verisk launches AI-driven, life insurance solution
13th May 2021
Global reinsurer SCOR has provided extensive feedback on a new Verisk-developed life insurance solution designed to distill insights from medical notes in electronic health records. EHR Triage Engine Plus leverages natural language processing and artificial intelligence and was developed in a collaborative effort between the two firms. The solution can be integrated ... Read the full article
SCOR promotes Emmanuel Grandjean to Head of P&C Risks
12th May 2021
Global reinsurer SCOR has promoted its Deputy Chief Retrocession Officer, Emmanuel Grandjean, to a new position as Head of Property and Casualty (P&C) Risks, based in Paris. Grandjean has 15 years of experience in re/insurance industry, with experience across Life, P&C and Asset business. Notably, he has been one of the key ... Read the full article
SCOR partnership targets new digital health data underwriting solutions
12th May 2021
Global reinsurer SCOR is partnering with digital life and health underwriting specialist HealthyHealth to help provide customers with instant underwriting decisions via new data-driven solutions. HealthyHealth’s product analyses health data from smartphones and wearables, shared with insurers by life insurance applicants, to predict applicants’ risk of developing critical medical conditions and ... Read the full article
SCOR partners with insurtech Snapsheet on digital claims management solutions
6th May 2021
Global reinsurer SCOR has announced a new strategic partnership that will provide its clients with access to an end-to-end claims management platform, digital payments platform, motor virtual appraisal offering, and set of third-party integrations. The solutions are provided by digital claims management software specialist Snapsheet. Snapsheet has fostered a reputation for helping ... Read the full article
SCOR solidifies ILS position with Coriolis integration
28th April 2021
SCOR Investment Partners, the SCOR group’s portfolio management company, has completed its integration of London-based ILS fund manager Coriolis Capital Limited. The French reinsurer closed its acquisition of Coriolis in September 2019, after first announcing the transaction in May 2019. However, SCOR has only now completed the integration of Coriolis’s operations ... Read the full article
SCOR sets further climate targets for investments
28th April 2021
French re/insurer SCOR has announced further climate targets to reduce the carbon intensity of its investments and accelerate its move towards net-zero emissions. By 2025, SCOR now aims to have reduced the carbon intensity of its corporate bonds and listed equities portfolio by 27%. It's hoped that this new target will support ... Read the full article
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