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.
There will be pressure on cat pricing at the April renewals: SCOR P&C CEO
6th February 2024
Jean-Paul Conoscente, the Chief Executive Officer (CEO) of property & casualty (P&C) at French reinsurer SCOR, has said that it is likely that there will be pressure on pricing catastrophe programmes for the April renewals. Speaking during a conference call earlier today, Conoscente explained that SCOR is expecting to see positive ... Read the full article
SCOR grows P&C portfolio 13.6% at Jan reinsurance renewals
6th February 2024
Global reinsurer SCOR saw a rise in estimated gross premium income (EGPI) of 13.6% for P&C business at the January 1st, 2024, reinsurance renewals, above the average Forward 2026 strategic plan assumptions. SCOR notes that in line with its Forward 2026 strategic plan announced in September 2023, the reinsurer grew ... Read the full article
SCOR expands offshore renewable energy commitment with $180m consortium launch
1st February 2024
In a strategic move to bolster its presence in the offshore renewable energy sector, SCOR has officially launched a new consortium, instantly elevating its total deployable capacity to $180 million. The consortium, effective immediately, underscores SCOR's commitment to sustainability and its proactive role in supporting the global energy transition. With a focus ... Read the full article
Rose named Deputy Global Line Head, Cyber & Head of Cyber, Americas at SCOR
1st February 2024
Margaret Rose has been appointed to the role of Deputy Global Line Head - Cyber and Head of Cyber, Americas, at French reinsurer, SCOR. Based in New York, Rose has been with SCOR since 2016. When she joined the firm, she took on the role of Senior Underwriter within Professional Lines & ... Read the full article
Howden unveils carbon capture and storage insurance facility led by SCOR’s Lloyd’s syndicate
29th January 2024
Global insurance broker Howden's carbon capture and storage insurance facility aims to unlock crucial investment to support the global transition to net zero and is the second innovative solution from the firm designed to support the growth of the carbon market. This first-of-its-kind insurance facility provides cover for the sudden or ... Read the full article
SCOR to relocate London office to 8 Bishopsgate
12th January 2024
Global re/insurer SCOR has signed a 15-year lease for around 50,000 sq. ft office space with Mitsubishi Estate London and Stanhope. SCOR will take up over two and a half floors at one of London’s most sought-after office buildings, 8 Bishopsgate. Knight Frank and Newmark BH2 acted on behalf of Stanhope and ... Read the full article
SCOR elevates Sütterle and Bartlett to new senior roles for 2024
21st December 2023
French reinsurer SCOR has announced that David Sütterle and Damien Bartlett will be stepping into new senior roles in 2024, which are set to "enhance" the firm's strategic focus and "streamline" its operations. Sütterle will serve as the CEO of ReMark, SCOR Digital Solutions, while also maintaining his current responsibilities ... Read the full article
SCOR Investment Partners announces key leadership appointments to drive growth
27th November 2023
In a strategic move to propel its third-party asset management activity, SCOR Investment Partners, the asset management arm of the SCOR Group, has made significant leadership appointments. Louis Bourrousse, formerly Head of Business Development and Deputy Chief Executive Officer, is now appointed as the Chief Executive Officer, succeeding Fabrice Rossary, who ... Read the full article
Fitch affirms SCOR’s ratings citing greatly improved earnings
15th November 2023
Fitch Ratings has affirmed SCOR's and its core operating subsidiaries' Insurer Financial Strength (IFS) Ratings at 'A+' and Long-Term Issuer Default Rating (IDR) at 'A', with Stable Outlooks. Fitch noted that the affirmation reflects SCOR's improving earnings, well-designed strategic plan, and 'Favourable' business profile compared with that of all other reinsurance ... Read the full article
SCOR posts 90.2% P&C combined ratio as nat cat losses exceed budget in Q3
10th November 2023
French reinsurer SCOR has reported Group net income of €147 million for the third quarter of 2023 and an improved P&C combined ratio of 90.2%, despite natural catastrophe losses coming in above budget and large man-made claims. In its results, SCOR states that while the attritional loss ratio is satisfactory for ... Read the full article
SCOR exercises call option to buy 9m of its shares held by Covéa
5th October 2023
The board of directors of French reinsurance giant SCOR have authorised the partial exercise of the call option to purchase 9,000,000 SCOR shares held by Covéa, representing 5.01% of SCOR’s share capital. Under the June 2021 settlement agreement entered into between SCOR and Covéa in the presence of the Autorité ... Read the full article
SCOR appoints Thomas Fossard Head of Investor Relations
2nd October 2023
SCOR has appointed Thomas Fossard as Head of Investor Relations, where he will also oversee the firm's relationship with the rating agencies. The French reinsurer describes Fossard as "highly esteemed by the investment community", having written extensively on key themes in the European financial sector. Fossard joins SCOR from HSBC, where he ... Read the full article
SCOR makes strategic appointments to its Executive Committee
27th September 2023
SCOR has announced strategic appointments in senior positions. SCOR has announced the appointment of Claudia Dill as the Group’s Chief Operating Officer. Simultaneously, Redmond Murphy has been appointed as the Deputy Chief Executive Officer of SCOR Life & Health. Both will serve as members of the Executive Committee. Thierry Léger, Chief ... Read the full article
SCOR could return to profitability levels in the medium term with new strategic plan: Fitch
18th September 2023
French reinsurer SCOR's recently announced new strategic 2024-2026 plan is reasonably ambitious and could see the firm return to profitability levels in the medium term, according to Fitch Ratings. In early September, SCOR revealed a new plan designed to enable it to benefit from a supportive market environment and develop ... Read the full article
AI represents “big challenges for the future”, SCOR’s Léger
10th September 2023
With more insurers and reinsurers across the industry deploying artificial intelligence (AI) technology within their business, the overall impacts of AI across the industry are unknown which represents "big challenges for the future", according to SCOR CEO, Thierry Léger. Speaking during SCOR's briefing at RVS Monte Carlo 2023, Léger explained ... Read the full article
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