Transamerica News

Best Upgrades SCOR & Subs Credit Ratings; Affirms Financial Ratings

A.M. Best Europe – Ratings Services Limited has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of French reinsurer SCOR SE and its main subsidiaries. Best  also upgraded …

SCOR Reports Q3 Net Income of $255 Million; Gains on Transamerica Sale

French reinsurer SCOR Group announced net income for the third quarter of 2011 of €188 million [$255 million], a 70.1 percent increase from the same period last year, as gross written premiums topped €2 billion [$2.71 billion] during the period, …

SCOR Confirms Earnings Targets; Strategic ‘Strong Momentum’ Plan

French reinsurer SCOR confirmed the targets of its strategic plan -’Strong Momentum’ – at its annual Investors’ Day, held on Wednesday in Paris. An updated version of the ‘Strong Momentum’ plan, first established in 2010, “has been prepared to take …

Best Affirms SCOR and Subs Ratings after Transamerica Re Deal

A.M. Best Europe – Ratings Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of French reinsurer SCOR SE and its subsidiaries. Best also affirmed the subordinated debt ratings …