All Scor articles
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NewsStronger results at Hannover Re, Munich Re, SCOR, Swiss Re – Moody’s report
Improved underwriting results have driven strong earnings and improved resilience at the four biggest continental European reinsurers, according to rating agency Moody’s.
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NewsDriving behaviours to increase climate risk resilience – SCOR at GAIF34
Reinsurance rates are being driven by increased claims and exposures, but the insurance industry has the data in its power to incentivise construction practices that will in turn reduce insureds’ exposure to climate change, and the prices paid for protection.
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NewsHowden, SCOR launch carbon capture and storage insurance facility at Lloyd’s
The first-of-its-kind facility has SCOR as lead underwriter and other following markets at Lloyd’s have committed to support the facility, with further capacity anticipated, according to Howden.
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NewsFrench reinsurer SCOR reported group profit of €147m in Q3
SCOR generated €147m net income in Q3 2023, contributing to a “strong nine-month performance” with a net income of €650m.
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NewsAM Best’s ranks top 50 reinsurers: Munich Re, Swiss Re make up a quarter of GPW
Munich Re was ranked top, across non-life and life business, followed by Swiss Re, Hannover Re, Canada Life Re and Berkshire Hathaway.
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NewsSCOR posts Q2 P&C combined ratio of 88.5% and €192m groupwide profit
Market conditions remain favourable for reinsurers in pricing and terms and conditions, French reinsurer SCOR reported in its second quarter statement.
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NewsSCOR pays tribute to its chairman, Denis Kessler
It is with great sadness that GR has learned of the passing of Denis Kessler on June 9, 2023, at the age of 71. An editor’s note follows the obituary published by SCOR today.
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NewsGuy Carpenter appoints ex SCOR chief exec Rousseau to EMEA, Global Capital CEO role
Laurent Rousseau joins the reinsurance broker in a newly-created position as CEO of EMEA and Global Capital Solutions.
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NewsSCOR makes de Varenne deputy CEO and CFO
Interim CEO François de Varenne assumes the deputy CEO mantle at SCOR and also takes over the CFO position from Ian Kelly.
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NewsSCOR joins lengthening list of NZIA leavers
Parisian reinsurer SCOR has announced it is the latest re/insurance company to quit the UN-convened Net-Zero Insurance Alliance.
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NewsAM Best follows other rating agencies in SCOR downgrade
The French-based global reinsurer has had its FSR downgraded to A (Excellent) from A+ (Superior)
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NewsSCOR reports net loss of €301m in 2022
The combined ratio for the P&C unit stands at 113.2% as Kessler acknowledges it was a “disappointing” year
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NewsSCOR extends partnership with insurtech Concirrus
Partnership will allow underwriters to more accurately price future risks within SCOR’s marine line of business
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NewsMoody’s downgrades SCOR’s IFSR to A1
Turnover in SCOR’s CEO role highlights ’challenges in the implementation of the Group’s succession plan’
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NewsSCOR rebalances book during ‘best market in decades’
Reinsurer further reduces exposure to natural catastrophe risks by 14% at 1 January
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NewsSCOR names Thierry Léger CEO as Laurent Rousseau resigns
Léger was most recently the chief underwriting officer of Swiss Re and is tasked with practising ‘strict risk management’
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NewsSCOR renews its contingent capital facility
Provides up to €300m coverage in case of extreme events or a significant fall in the share price
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NewsFitch follows S&P in SCOR downgrade
Downgrade reflects the reinsurer’s continued weak financial performance, which “has worsened in 2022”
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NewsMixed picture for global reinsurers’ YTD results
SCOR, Swiss Re and MS&AD experienced the most deterioration in combined ratios following Hurricane Ian - Gallagher Re
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NewsS&P downgrades SCOR to A+ (stable)
Reinsurer is a “negative outlier relative to close peers” with financial results “below expectations”, states rating agency
