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 backs climate prediction market initiative
28th November 2024
French reinsurance giant SCOR's corporate foundation is backing an initiative led by Lancaster University Management School (LUMS) to use prediction markets to combine diverse forecasts of future climate into unified predictions, potentially providing a new mechanism for funding climate research. A collaboration between researchers at LUMS and the University of Exeter’s ... Read the full article
SCOR purchases three-year capital markets P&C / life stop-loss retro cover
14th November 2024
During an analyst call this morning, the senior executive team at French reinsurer SCOR confirmed that it has secured a new capital markets retrocession agreement with a Tier 1 bank, providing three years of stop-loss protection across both property and casualty (P&C) and life risks. The retrocession, backed by third-party capital, ... Read the full article
Cat pricing in Central Europe up 15-20% ahead of January renewals: SCOR’s Conoscente
14th November 2024
French reinsurer SCOR is currently seeing more or less flat property catastrophe reinsurance rates ahead of the January 1st, 2025, renewals, with price increases on loss affected programmes and pressure on loss free programmes in Europe and beyond, according to Jean-Paul Conoscente, Chief Executive Officer (CEO) of SCOR Property & ... Read the full article
SCOR falls to Q3’24 net loss as L&H assumption review trumps positive P&C result
14th November 2024
French reinsurer SCOR has reported a group net loss of €-117 million in Q3 2024, driven by a negative insurance service result in L&H reinsurance. However, its P&C segment saw a very strong performance, with a combined ratio of 88.3%. At the same time, the firm's insurance revenue in Q3 2024 ... Read the full article
Urgent need for better dialogue between private-public sectors, says SCOR CEO Léger
30th October 2024
During SCOR’s live session, “The Re(insurer) of Tomorrow,” Thierry Léger, CEO of SCOR, emphasised the urgent need for improved communication between public authorities and the insurance industry to enhance resilience against risks. Léger pointed out that buildings located in vulnerable areas present a growing challenge, leading to an increasing protection gap. ... Read the full article
SCOR names Bourke CEO of L&H for Australia & New Zealand
15th October 2024
French reinsurer SCOR has announced the appointment of Paula Bourke as Chief Executive Officer (CEO) of Life and Health (L&H), Australia & New Zealand, effective immediately. Bourke brings over 26 years of industry experience to the role, having spent the last eight years at SCOR, most recently as Deputy CEO ANZ ... Read the full article
Berenberg expects SCOR to close 2024 with solid balance sheet
4th October 2024
French reinsurer SCOR is anticipated to close 2024 with a solid balance sheet, according to Berenberg analysts, who have upgraded the firm to Buy, citing numerous factors. The first reason for the upgrade is that the less severe Q3 2024 hurricane season has likely strengthened property and casualty (P&C) buffers. Next, analysts ... Read the full article
Re/insurance is about confidence giving and public-private partnerships: Lloyd’s CEO
3rd October 2024
The insurance and reinsurance industry is about confidence giving, providing financial protection, and establishing public and private partnerships, according to John Neal, Chief Executive Officer (CEO) of the specialist Lloyd's insurance and reinsurance marketplace. Neal's comments stem from the recent SCOR Live Sessions – The (re)insurer of tomorrow, webinar, which also ... Read the full article
SCOR Live Sessions – The (re)insurer of tomorrow
19th September 2024
Paris, France-headquartered reinsurer SCOR is hosting a webinar on October 2nd as part of the company's Live Sessions, during which a panel of top industry executives will explore how the insurance and reinsurance industry is preparing to face the future. Registration is open for SCOR Live Sessions ... Read the full article
SCOR appoints Robert MacKenzie as Head of L&H Canada
13th September 2024
French reinsurer SCOR has announced the appointment of Robert MacKenzie as Head of Life and Health (L&H) Canada, succeeding François Bernard, who is leaving to pursue other opportunities. MacKenzie is well-prepared for the role, bringing strong technical expertise and deep knowledge of the Canadian L&H market. He has been with SCOR for ... Read the full article
Brueckner retires from SCOR, Robbins to take over as CEO of L&H, US
12th September 2024
French reinsurer SCOR has announced that after nine years of service as Chief Executive Officer (CEO) of SCOR Life and Health (L&H), US and 40 years working in the industry, J.C. Brueckner has decided to retire at the end of this year. Brock Robbins, currently SCOR’s Deputy CEO L&H US and ... Read the full article
Cyber re/insurance market can only grow at the pace of capacity: SCOR’s CEO
8th September 2024
Despite noting the "almost limitless" potential of the cyber re/insurance market, SCOR's CEO, Thierry Léger, has observed that it can only grow at the pace of capacity, meaning it will chiefly be an opportunity for the next few decades, rather than the next few years. Discussing cyber risk at the 66th ... Read the full article
Moody’s assigns A1 IFSR to SCOR & entities, outlook retained at stable
6th September 2024
Global ratings agency Moody’s Ratings has affirmed the A1 insurance financial strength ratings (IFSR) of French reinsurer SCOR and its key operating entities, with the outlook on all retained at stable. Simultaneously, all debt ratings were also affirmed by Moody’s. Despite rebalancing its underwriting portfolio, SCOR has maintained the strength of ... Read the full article
Munich Re & Swiss Re remain the world’s largest reinsurers
3rd September 2024
Reinsurance giant's Munich Re and Swiss Re remain the two largest global reinsurers across the globe according to data from ratings agency AM Best. In prior years, the agency ranked the top 50 global reinsurers in a single list, but now, with the adoption of IFRS 17, the ... Read the full article
SCOR names Sofia Kyriakopoulou as Chief Data & Analytics Officer
3rd September 2024
French reinsurer SCOR has appointed Sofia Kyriakopoulou as its new Chief Data & Analytics Officer, where she will further integrate advanced analytics, enabling the firm to harness the full potential of AI and support data-driven decisions across underwriting, operations, finance, and risk management. Kyriakopoulou brings experience in tech, data & analytics ... Read the full article
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