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 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
SCOR lays out new strategic plan to benefit from unique market environment
7th September 2023
SCOR has laid out a new strategic plan for 2024-2026, Forward 2026, in an effort to "fully benefit from the most supportive market environment in the past two decades." According to SCOR, the rapidly evolving risk landscape has led to a growing demand for protection and favourable market conditions for reinsurers. ... Read the full article
Munich Re ranked largest reinsurer for third year running by AM Best
22nd August 2023
After taking the top spot from Swiss Re in 2020, the latest data from ratings agency AM Best confirms that German reinsurer Munich Re remains the world's largest reinsurance company when ranked by gross life and non-life premiums written in 2022. With reinsurance gross premiums written (GPW) of ... Read the full article
SCOR reports refined Q2 P&C combined ratio of 88.5%
27th July 2023
French reinsurer SCOR has reported an improved Q2 P&C combined ratio of 88.5%, down from 113.1% in the same quarter last year, while net income generated was up at €192 million. The net income figure implied an annualised ROE of 16.9% in Q2 2023, and contributed to a net income of ... Read the full article
SCOR appoints Fabrice Brégier as Chairman of Board of Directors
26th June 2023
SCOR has announced the appointment of Fabrice Brégier as the Chairman of its Board of Directors. The decision was made on the unanimous recommendation of the Nomination Committee, at the conclusion of a demanding and rigorous succession process initiated in spring 2022. Over the months since the process began, the Nomination ... Read the full article
Measured Insurance, Canopius & SCOR partner to offer cyber insurance to midsize US businesses
21st June 2023
Canopius, the global specialty lines re/insurer, and Measured Analytics and Insurance, the AI-powered cyber insurance provider, have announced a new capacity partnership to offer cyber insurance and cybersecurity solutions to small and midsize businesses in the United States. Canopius joins Paris-based SCOR, one of the world's leading reinsurers, which has been ... Read the full article
SCOR announces passing of Chairman Denis Kessler
9th June 2023
Global reinsurer SCOR pays tribute to its Chairman Denis Kessler as they announce the news of his passing on June 9, 2023, at the age of 71. The members of the Board and all of SCOR’s employees share the sorrow of his family and friends, and offer them their condolences, the ... Read the full article
SCOR successfully sponsors new Atlas Capital catastrophe bond
30th May 2023
Global reinsurance company SCOR has successfully sponsored a new catastrophe bond, Atlas Capital DAC Series 2023-1, which will provide the firm with multi-year risk transfer capacity of $75 million to protect itself against named storms in the U.S. and earthquakes in the U.S. and Canada, as well as European windstorms. Atlas ... Read the full article
Lloyd’s becomes the 10th major player to mark its exit from NZIA
30th May 2023
Lloyd's announced its resignation as a member organisation from the Net Zero Insurance Alliance with immediate effect on Friday. This makes it the tenth major insurance and reinsurance player to offer its resignation since last week. Lloyd’s, the insurance and reinsurance market in London, mentioned in a statement that it will ... Read the full article
SCOR names François de Varenne CFO and deputy CEO
30th May 2023
Global reinsurance firm SCOR has named François de Varenne as its new Group Chief Financial Officer and Deputy CEO. He had been the Interim CEO of SCOR from January 26th 2023, to April 30th this year, while he also holds the position as SCOR's Executive Committee member in charge of Investments, ... Read the full article
QBE and Sompo the latest re/insurers to quit NZIA
26th May 2023
QBE and Sompo Holidngs have both announced their resignations as a member organisation from the Net Zero Insurance Alliance. This news takes the total now exited from the NZIA to nine major insurance and reinsurance players. The QBE and Sompo Holdings exits come right after two other big firms, namely AXA ... Read the full article
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