All Scor articles – Page 2
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News
Mixed 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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S&P downgrades SCOR to A+ (stable)
Reinsurer is a “negative outlier relative to close peers” with financial results “below expectations”, states rating agency
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SCOR reveals Q3 net loss of €270m
Hurricane Ian drove nat cat losses of €517m in Q3; reinsurer boosted reserves in anticipation of inflationary impacts
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SCOR appoints David Guest as head of Crisis Management
Guest was most recently Global Specialty regional leader, APAC & Middle East at AXA XL
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SCOR UK names Chris Beazley CEO
The former MS Amlin CEO takes over from Stuart McMurdo, who was appointed CEO of Reinsurance in June, replacing Michel Blanc
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Major reinsurance market correction ahead - SCOR
The challenging macro-economic landscape will be a net positive for both risk carriers and “volatility takers”
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Investment losses, nat cats and Ukraine dent 1H22 results
There was a strong year-on-year decline in profitability in 1H22 for the four main European reinsurers, reports Fitch
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Claims inflation could offset premium gains - Moody’s
The four largest European reinsurers reported a 47% decline in combined net profits for the first half of 2022
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SCOR reveals net loss of €239m in H1
Reinsurer reveals it is pulling back from agriculture after taking a €193m hit from droughts in Brazil
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SCOR sheds light on Brazil drought claims
Reinsurer blames climate change for an increase in the frequency and severity of extremely hot and dry events
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SCOR’s Michel Blanc steps down after 31 years
He will be succeeded as CEO of Reinsurance by Stuart McMurdo
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SCOR sponsors $240m cat bond
Vehicle offers multi-year protection against named storms in the US, earthquakes in the US and Canada, and European windstorms
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SCOR announces oil underwriting restrictions
The French reinsurer will cease providing cover for new oil field production projects from 2023
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Everest Re’s Mount Logan hires COO
Sfaif brings a “deep specialisation in capital markets and reinsurance convergence”
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SCOR: Ukraine and nat cat losses dent Q1 results
The reinsurer has reported a net loss of €80m for the quarter and a combined ratio of 103.7%
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SCOR supports a zero-emission future for the shipping industry
SCOR has become a founding signatory of the Poseidon Principles for Marine Insurance, a new framework that aligns insurers’ underwriting portfolios with the goal of decarbonizing international shipping by 2050.
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SCOR records a strong growth with gross premiums up 9.1%2, strong profitability with a net income of EUR 380 million - H1
The underlying performance of the business continues to be strong, reflecting the successful recent P&C renewals in 2020 and 2021, on the back of a disciplined (re)insurance market environment, with attractive growth prospects.
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Laurent Rousseau to succeed Denis Kessler as Chief Executive Officer of SCOR
The Board’s appointment of Denis Kessler as non-executive Chairman following the General Meeting of June 30, 2021, will help to ensure the continuity of the Group’s strategy and to perpetuate its values.
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SCOR Global P&C Q1 GWP up 5.6% combined ratio 97.1%
In Q1 2021, SCOR’s financial results have been impacted by the unique combination of known and modelled Covid-19 claims development and a series of large natural catastrophes, driven by a polar vortex causing Texas Winter Storm Uri.
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Kessler: Pandemic risk was ignored
Decisions-makers have “been making things up as they go along” and the “failings of public risk management are plain”, accuses SCOR CEO
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