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 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
AM Best removes SCOR’s ratings from under review
23rd January 2025
AM Best has removed SCOR's ratings from under review with developing implications following the completion of its impact assessment of the French reinsurer's life reserving review. The rating agency has additionally affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent) of SCOR ... Read the full article
Henry Mummé-Young named CUO of SCOR UK & Active Underwriter for SCOR Syndicate
20th January 2025
French reinsurer SCOR has announced the appointment of Henry Mummé-Young as Chief Underwriting Officer (CUO) for SCOR UK and Active Underwriter for SCOR Syndicate 2015. Mummé-Young succeeds Marie Biggas, who has been promoted to the role of CUO SCOR Business Solutions & FAC. He will report to Chris Beazley, CEO of SCOR ... Read the full article
Re/insurance pricing could firm after unexpected wildfire losses: Berenberg
15th January 2025
The severity of the ongoing California wildfires is expected to drive insurance industry losses of more than $20 billion, with some estimates even hitting or exceeding the $40 billion mark, which analysts at investment bank Berenberg believe could cause pricing to firm. In a recent note, Berenberg analysts focus on re/insurers ... Read the full article
Julia Willberg named Global Head of Cedant Fac Underwriting for SCOR P&C
7th January 2025
French reinsurer SCOR has announced the appointment of Julia Willberg as Global Head of Cedant Facultative Underwriting for SCOR P&C and a member of the P&C Management Team. In a recent LinkedIn post, SCOR noted, “Julia brings a wealth of experience from over 25 years in the insurance industry, having led ... Read the full article
SCOR maintains ROE assumption above 12%, reserve adequacy confirmed by external reviewers
12th December 2024
French reinsurer SCOR has confirmed its core targets over 2025-2026, maintaining a return on equity (ROE) assumption above 12% for the period, while its Group reserve adequacy has been confirmed by external independent reviewers. SCOR presented its new Life & Health (L&H) strategy and updated Forward 2026 strategic plan at its ... Read the full article
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
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