All Scor articles
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News
Rüede appointed CEO to lead SCOR L&H
Joining from rival reinsurer Swiss Re, Philipp Rüede also becomes a member of SCOR’s executive committee.
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El Bahtouri and Bouanani join Specialty MGA in Casablanca
Laila El Bahtouri and Mohamed Bader Bouanani join the Middle East and African focused MGA from Moroccan reinsurer SCR.
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SCOR denies accusation of obstructing Covéa-Partner Re merger
Paris-headquartered international reinsurer SCOR is under examination in connection with an alleged attempt by former CEO the late Denis Kessler to obstruct the 2022 takeover of PartnerRe by Covéa. The French reinsurer has denied any involvement.
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Record earnings for ‘big four’ Continental reinsurers; discipline held amid casualty, wildfire claims
Munich Re, Swiss Re, Hannover Re and SCOR have raised their earnings targets after strong performance and €11bn of combined earnings in 2024, according to a paper from rating agency Moody’s.
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The state of the market – SCOR Global P&C’s Conoscente
North American casualty risks loom large, as do European secondary perils, despite a picture of price adequacy on US peak risks, warned the chief executive of SCOR’s property and casualty (P&C) reinsurance business.
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Hannover Re adds Magee to exec board
Brona Magee joins the executive board of Hannover Re effective 1 January 2025, replacing Klaus Miller, who will remain with the reinsurer in an advisory role.
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Stronger 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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Driving 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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Howden, 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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French 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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AM 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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SCOR 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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SCOR 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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Guy 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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SCOR 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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SCOR 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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AM 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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SCOR 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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SCOR 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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Moody’s downgrades SCOR’s IFSR to A1
Turnover in SCOR’s CEO role highlights ’challenges in the implementation of the Group’s succession plan’