Latest SCOR SE Headlines
All the headlines from our SCOR SE Topic Page, ordered by recency.
SCOR Acquires 32.9% of Converium; Makes Unsolicited Bid; S&P Comments
Feb 19 2007 // France’s SCOR Group announced that it has acquired 32.9 percent of the share capital of Swiss-based reinsurer Converium Holding AG. SCOR said it “strongly believes that the combination of Converium and SCOR is...
SCOR Comments on Atlas Cat Bond
Dec 27 2006 // France’s SCOR group noted that it has successfully sponsored a new catastrophe bond. The French reinsurer entered into a multi-year property catastrophe retrocession agreement with Atlas Reinsurance III p.l.c., a...
Fitch Ups SCOR Ratings to ‘A-‘; Affirms Revios ‘A-‘; Company Comments
Nov 21 2006 // Fitch Ratings has upgraded France’s SCOR Group insurer financial strength (IFS) and issuer default (IDR) ratings to “A-” from “BBB+” and SCOR S.A’s senior unsecured rating to...
SCOR Launches $482 Million Capital Raising Subscription Rights Offer
Nov 16 2006 // France’s SCOR Group announced a capital increase of €376.744 million ($482.53 million) in the form of a subscription rights offer primarily in order to finance the acquisition of Revios Rückversicherungs AG....
SCOR Gets China Reinsurance License
Nov 2 2006 // France’ SCOR group announced that it has received the approval of the China Insurance Regulatory Commission (CIRC) for a reinsurance license in China “that will enable it to open a branch in Beijing with a view...
Best Upgrades SCOR Ratings to ‘A-‘
Sep 11 2006 // SCOR’s “Back on Track” restructuring strategy finally paid off as the French reinsurer regained its “A” rating from A.M. Best Co. The rating agency announced that it has upgraded the financial...
Best Upgrades SCOR’s U.S. Subs
Sep 11 2006 // As part of its overall rating actions on France’s SCOR Group (See related article in International section), A.M. Best Co. has upgraded the financial strength rating to “A-” (Excellent) from...
SCOR H1 Profit up 42% to $131 Million
Aug 31 2006 // France’s SCOR Group posted an impressive first half of 2006 with net income up 42 percent to €102 million ($131 million) compared to the €72 million ($92.5 million) it earned in the same period of 2005. Other...
SCOR, Highfields Dispute Update
Aug 23 2006 // The dispute continues between French reinsurer SCOR Group and Boston-based Highfields Capital Management over the valuation of the 46.6 percent ownership of IRP Holdings Ltd., an Irish company formed in 2001 for the...
SCOR Opts to Become First French Societas Europaea
Jul 6 2006 // France’s SCOR Group announced that its Board of Directors has adopted plans to transform the Company into a Societas Europaea, or SE. SCOR SA – its current status – will become the first French listed...
SCOR Strengthens Agricultural Risk Business with Frankona Re Hires
Jun 14 2006 // French reinsurer, SCOR Group is developing its agricultural risk reinsurance business throughout the world as part of an initiative to reinforce its agricultural risk underwriting teams to “keep up with the changing...
SCOR Q1 Net up 61% to $68 Million
May 17 2006 // France’s SCOR Group reported a healthy first quarter with net income rising 61 percent to €53 million ($68.34 million) from €33 million ($42.55 million) in Q1 2005. Gross written premiums rose 18 percent to...
S&P Assigns SCOR Global ‘A-‘ Ratings; Affirms Group Ratings
May 3 2006 // Standard & Poor’s Ratings Services announced several rating actions concerning French reinsurer SCOR. S&P said it has assigned an indicative “A-” long-term insurer financial strength rating to...
SCOR Scores Success with Asian Treaty Renewals
Apr 18 2006 // French reinsurer SCOR Group reported premium gains in its Asia-Pacific zone following treaty renewals at the beginning of April. Written premiums In Japan exceeded 7 billion yen ($59.3 million) up 6 percent compared to...
SCOR 2005 Net up 75% to $158 Million
Mar 23 2006 // France’s SCOR Group announced positive results for 2005 with net income after tax increasing by 75 percent to €131 million ($158 million), compared to €75 million ($90.5 million) in 2004. Other earnings...
SCOR Premium Income up 25%
Mar 6 2006 // France’s SCOR Group noted a 25 percent rise in worldwide premium income follwing the January renewal season. Non- life and credit & surety treaties totaled €1.041 billion ($1.256 billion). The reinsurer said...
SCOR’s P/C, Credit and Surety Treaty Renewal Premiums Up 25%
Jan 16 2006 // France’s SCOR Group announced that “premium income linked to Non-Life and Credit & Surety treaties up for renewal on 1 January 2006 is up by around 25 percent.” The bulletin added, “these...
SCOR Acquires Alea’s Renewal Rights to European P/C Treaties
Dec 16 2005 // French reinsurer SCOR Group announced that it has reached agreement with the Alea Group to acquire the renewal rights to its European reinsurance treaties for 2006. The move follows Alea’s sale of its renewal rights...
Best Affirms SCOR’s ‘B++’ Rating
Nov 9 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) and issuer credit rating of “bbb+” of France’s SCOR and its main subsidiaries (collectively...
SCOR 1st Half Net Increases by 18% to $90 Million
Sep 2 2005 // France’s SCOR Group made more out of less for the first six months of 2005. Although the Paris-based reinsurer’s gross written premiums declined by 12 percent to 1.184 billion euros ($1.485 billion), net income...
