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.
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
SCOR gets $240m of retrocession protection with latest cat bond
10th April 2025
French reinsurance company SCOR has returned to the catastrophe bond market, securing $240 million of retrocession protection against named storms in the US and the Caribbean, earthquakes in the US and Canada, and European windstorms. Atlas Capital DAC (Series 2025-1) is the nineteenth cat bond from SCOR under the Atlas ... Read the full article
French reinsurer SCOR placed under examination for facts alleged against former CEO Kessler
4th April 2025
French reinsurance company SCOR has been placed under examination for facts alleged against Denis Kessler, its former Chairman and CEO, related to alleged attempts by an association to obstruct the takeover of Bermuda-based reinsurer PartnerRe by the Covéa group in 2022. According to reports, SCOR, one of Europe's big four reinsurance ... Read the full article
Big four to deliver earnings growth in 2025 despite LA wildfire losses: Moody’s
1st April 2025
Despite sizable claims from the LA wildfires in January, Moody's anticipates strong earnings prospects for the four largest European reinsurers, Munich Re, Swiss Re, Hannover Re, and SCOR, in 2025, driven by persistently strong demand for reinsurance and robust investment returns. According to Moody's, the LA wildfire losses, estimated at between ... Read the full article
SCOR posts solid P&C performance as FY’24 net income falls on L&H assumption review
5th March 2025
French reinsurer SCOR generated net income of €233 million in the fourth quarter of 2024, up 43.2% on the comparable prior year quarter, as gross written premiums (GWP) across the Group increased by 2.5% to €5.1 billion, driven by growth in property and casualty (P&C). SCOR's solid Q4 2024 performance has ... Read the full article
SCOR backs major renewable energy project developed by Terra-Gen
25th February 2025
French reinsurer SCOR backs the Edwards Sanborn Solar and Battery Storage Project in Kern County, California, developed by Terra-Gen, underscoring its commitment to renewable energy and a sustainable future. Construction of the Edwards Sanborn solar facility, covering over 4,600 acres, began in 2020. Its initial phases became operational in 2022 and ... Read the full article
SCOR names Vikas Mahajan as Head of Agriculture as René Kunz retires
25th February 2025
French reinsurer SCOR has appointed Vikas Mahajan as the Head of Agriculture for its Property & Casualty (P&C) unit, effective May 1st, 2025, as René Kunz's retires after two decades in the role. Mahajan will be based in Zurich and join the Reinsurance Specialty Lines management team, reporting directly to the ... Read the full article
Schaefer named Global Head of Casualty & EIL at SCOR Business Solutions
5th February 2025
French reinsurer SCOR has appointed Holger Schaefer as Global Head of Casualty & EIL, within SCOR Business Solutions, as of 1st March 2025. He will replace Daniel Carerras, who took on the role of Chief Underwriting Officer, Casualty, across Insurance and Reinsurance in 2024. Schaefer is tasked with leading the teams across ... Read the full article
SCOR sees LA wildfire impact as manageable at roughly quarterly cat budget for Q1: Conoscente
4th February 2025
Jean-Paul Conoscente, CEO of P&C at SCOR, one of Europe's big four reinsurers, said today that the impact of the Los Angeles wildfires should be around a quarterly natural catastrophe budget for Q1 for the firm, emphasising that the event will act as a floor to the drop of cat ... Read the full article
SCOR achieves premium growth of 9.6% at Jan 1 reinsurance renewals with stable T&Cs
4th February 2025
French reinsurer SCOR grew its estimated gross premium income (EGPI) 9.6% at the January 1st, 2025, reinsurance renewals, with expansion across all three business segments, driven by alternative solutions and specialty lines. Approximately 64% of the firm's property and casualty (P&C) reinsurance premiums, representing around 50% of SCOR's total P&C premiums, ... Read the full article
Arta Nasradini appointed Head of Aviation at SCOR P&C
27th January 2025
French reinsurer SCOR has announced the addition of Arta Nasradini to its Reinsurance Specialty Lines management team as Head of Aviation at SCOR P&C, with effect from February 1st, 2025. Nasradini brings a wealth of experience in underwriting aviation risks, having most recently led the DACH Aerospace portfolio team at global ... Read the full article
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