SCOR

Headlines

Reinsurers See ‘No Major Losses’ from Flu Pandemic

June 12, 2009 - Big European reinsurers said on Friday that they still expected no major losses from an influenza outbreak that the World Health Organization (WHO) this week declared the first flu pandemic of the ...
www.insurancejournal.com/news/international/2009/06/12/101344.htm

Beale, Kerner Take on New Positions at Zurich

April 8, 2009 - Zurich Financial Services Group announced that, effective June 1, Inga Beale (45) who currently serves as Head of Organizational Transformation and Mergers & Acquisitions (M&A) will assume the ...
www.insurancejournal.com/news/international/2009/04/08/99418.htm

AIR Reaches $10 Billion Cat Bond Modeling Milestone

April 7, 2009 - Boston's AIR Worldwide Corporation announced that it has provided risk modeling and analytical services for more than 10 billion dollars in insurance-linked securities since 1996 and over 56 percent ...
www.insurancejournal.com/news/international/2009/04/07/99381.htm

S&P Raises SCOR and Subs Ratings to ‘A’ On ‘Positive Trend’

March 16, 2009 - Standard & Poor's Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on French-based reinsurer SCOR SE and its core guaranteed subsidiaries ...
www.insurancejournal.com/news/international/2009/03/16/98726.htm

S&P Assigns Preliminary Ratings to Atlas Re V Securitization

January 29, 2009 - Standard & Poor's Ratings Services has assigned its preliminary credit ratings to the $200 million principal at-risk variable-rate notes series 1, 2, and 3 issued by Atlas Reinsurance V Ltd. "The ...
www.insurancejournal.com/news/international/2009/01/29/97399.htm

Best Affirms SCOR’s ‘A-’ Ratings

November 17, 2008 - A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A-' (Excellent) and the issuer credit rating (ICR) of "a-" of SCOR S.E. (France) and its rated subsidiaries. Best also affirmed the ...
www.insurancejournal.com/news/international/2008/11/17/95556.htm

People

October 20, 2008 - Calabasas, Calif.-based Lionheart Insurance Services hired Pat Piccinonno and Joe Weckerle Jr. to head its newly opened Irvine, Calif., office. Piccinonno, appointed president, has 35 years of ...
www.insurancejournal.com/magazines/people/2008/10/20/157165.htm

Best Affirms, Withdraws Groupama Ratings

September 16, 2008 - A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A' (Excellent) and issuer credit rating (ICR) of "a" of France's Groupama S.A. Best also affirmed the FSR of 'A' (Excellent) and ICR ...
www.insurancejournal.com/news/international/2008/09/16/93716.htm

S&P Raises SCOR’s Outlook to Positive

September 4, 2008 - Standard & Poor's Ratings Services has revised its outlook on French reinsurer SCOR SE and its guaranteed subsidiaries (collectively SCOR or the group), to positive from stable. SCOR regained an 'A-' ...
www.insurancejournal.com/news/international/2008/09/04/93354.htm

Western Marine Insurance Services Hires Olmstead as VP of Programs Underwriting

August 26, 2008 - Stockton, Calif.-based Western Marine Insurance Services appointed Scott Olmstead vice president of programs underwriting of the Aquapac Plus recreation marine package programs. He will be ...
www.insurancejournal.com/news/west/2008/08/26/93108.htm

Burma Rights Group Says XL, Chubb to Withdraw; Chubb Cites ‘Inaccuracies’

August 21, 2008 - The Burma Campaign UK, a human rights group, has issued a bulletin stating that XL and Chubb have separately announced their withdrawals from the Burmese market. The Campaign said the move was ...
www.insurancejournal.com/news/international/2008/08/21/92961.htm

Foreign Insurers Look at Potential Acquisitions in a Weakened U.S. and E.U.

June 16, 2008 - Asian Insurers May Buy in U.S., E.U.; Bermuda Beefs Up Regulators; Zurich Favored for Acquisition Asian insurers may go on a buying spree. A number of companies, particularly China's major players, ...
www.insurancejournal.com/magazines/features/2008/06/16/156526.htm

XL Re Admitted in Brazil

June 12, 2008 - XL Re, the global reinsurance operations of Bermuda-based XL Capital Ltd., has received regulatory approval to serve the Brazilian reinsurance market as an admitted reinsurer. The newly admitted ...
www.insurancejournal.com/news/international/2008/06/12/90884.htm

Chubb Plans Brazil Reinsurance Unit

April 15, 2008 - Federal Insurance Company, a member of the Chubb Group, has applied for a license to operate as an admitted reinsurer in Brazil with a representative office in São Paulo. Chubb Senior Vice-president ...
www.insurancejournal.com/news/international/2008/04/15/89132.htm

SCOR Admitted as Brazilian Reinsurer

April 11, 2008 - France's SCOR has been admitted as a property and casualty reinsurer in Brazil. In addition, SCOR is currently completing the formalities for SCOR Global Life US Re Insurance Company to operate as an ...
www.insurancejournal.com/news/international/2008/04/11/89050.htm

Texas Feb. Enforcements: Nearly $357K in Fines, Restitution

April 3, 2008 - Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during February include four license revocations, three license denials, and fines and restitution totaling ...
www.insurancejournal.com/news/southcentral/2008/04/03/88837.htm

SCOR Net Income up 62% to $633 Million

March 20, 2008 - French reinsurer SCOR Group posted a significant gain in net income for 2007 - up 62 percent to €407 million, ($632.8 million), a ROE of 14.1 percent and a strong 2007 EPS reaching € 2.79 ...
www.insurancejournal.com/news/international/2008/03/20/88406.htm

SCOR Books Successful Treaty Renewals

February 15, 2008 - France's SCOR Group said it has reached its objective for "successfully consolidating two strong independent reinsurance groups into one leading franchise at this year's January renewals." 78 percent ...
www.insurancejournal.com/news/international/2008/02/15/87373.htm

SCOR Receives Approval for Beijing P/C Branch

February 6, 2008 - France's SCOR Group has received final approval to start operating a Property and Casualty branch in Beijing from the China Insurance Regulatory Commission (CIRC). The endorsement of SCOR's request ...
www.insurancejournal.com/news/international/2008/02/06/87059.htm

SCOR Renews Agreement with UK’s Medical Defense Unit

January 9, 2008 - French reinsurer SCOR SE announced that it has renewed its successful business relationship with the Medical Defence Union Ltd. (MDU), the UK's leading medical defense organization. MDU was a joint ...
www.insurancejournal.com/news/international/2008/01/09/86238.htm