All Scor articles – Page 2
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NewsSCOR 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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NewsSCOR 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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NewsSCOR 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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NewsMajor 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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NewsInvestment 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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NewsClaims 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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NewsSCOR 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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NewsSCOR 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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NewsSCOR’s Michel Blanc steps down after 31 years
He will be succeeded as CEO of Reinsurance by Stuart McMurdo
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NewsSCOR 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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NewsSCOR announces oil underwriting restrictions
The French reinsurer will cease providing cover for new oil field production projects from 2023
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NewsEverest Re’s Mount Logan hires COO
Sfaif brings a “deep specialisation in capital markets and reinsurance convergence”
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NewsSCOR: 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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NewsSCOR 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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NewsSCOR 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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NewsLaurent 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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News
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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NewsKessler: 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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NewsSCOR +15.9% premium growth at January renewals
SCOR begins 2021 with excellent renewal results, in line with the forecasts shared during its September 2020 Investor day, when the company was amongst the first reinsurers to outline a very positive outlook for the P&C reinsurance market.
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NewsSCOR to provide life insurance products for people with chronic conditions through new partnership with Bayer and One Drop
This joint effort between SCOR, Bayer and One Drop aims to empower people to proactively manage their health through innovative products and to reduce the risk of life-threatening complications from medical conditions.
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