Latest SCOR SE Headlines
All the headlines from our SCOR SE Topic Page, ordered by recency.
SCOR Opens Indian Office
Aug 30 2005 // France’s SCOR Group announced that it has obtained permission from the Indian regulatory authority (IRDA) to open a representative office in India, “with a view to strengthening and developing its activities in...
International Newsbriefs
Jul 18 2005 // XL Hit with $183M Reserve Increase: Bermuda’s XL Capital Ltd. announced that its second quarter results will be adversely impacted by an increase in net reserves in its North American reinsurance operations of $191...
SCOR to Raise $282 Million to Fund IRP Purchase; Best Sees Ratings as Being Unaffected
Jun 23 2005 // France’s SCOR Group plans to issue 130 million new shares, raising around 201.5 million euros ($243.6 million) in new capital, primarily to fund the purchase of the outstanding shares of Irish Reinsurance Partners...
Highfields Capital Comments on Exchange of IRP Shares with SCOR
May 12 2005 // Boston-based Highfields Capital Management has issued a statement addressing what it termed “certain incorrect and incomplete information” being disseminated about the potential acquisition by French reinsurer...
S&P Affirms, Withdraws SCOR’s CRP Subs Ratings
Apr 21 2005 // Standard & Poor’s Ratings Services announced that it has affirmed its “BBB+” insurer financial strength ratings on two subsidiaries of French reinsurer SCOR: Bermuda-based Commercial Risk Reinsurance...
SCOR Reports Strong Asian April Renewals
Apr 13 2005 // France’s SCOR Group reported that treaty renewals in the Asian market, concluded on April 1, showed good gains. “Non-Life treaties in Japan and Korea (72% of the 2004 Asia-Pacific zone Property & Casualty...
Best Sees “No Change” in SCOR Ratings
Mar 25 2005 // A.M. Best Co. has issued a comment indicating that all of its on French reinsurer SCOR Group will remain unchanged following publication of the company’s earnings results (See IJ Website March 24). “The...
SCOR Posts $89.4 Million 2004 Net Profit
Mar 24 2005 // French reinsurer SCOR Group returned to profitability in 2004 posting net income of 68.7 million euros ($89.4 million) on gross written premiums of 2.528 billion euros ($3.29 billion). The group posted a 314 million euro...
S&P Comments on SCOR’s Earnings Announcement
Mar 24 2005 // Standard & Poor’s Ratings Services indicated that its ratings and outlook on French reinsurer SCOR and its guaranteed subsidiaries – currently “BBB+” with a positive outlook – would not...
SCOR to Help Tsunami Victims
Jan 14 2005 // France’s SCOR Group announced that it has mobilized to help the Indian Ocean victims of the Tsunami, initially contributing 150,000 euros ($197,000) to the aid campaign. The amount “represents one per thousand...
Best Affirms SCOR Canada ‘B++’ Rating
Dec 23 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) of SCOR Canada Reinsurance Company, and has assigned the company an issuer credit rating of “bbb+.”...
SCOR Says WTC Jury Verdict “Contrary to Terms of Insurance Coverage”
Dec 7 2004 // France’s SCOR Group, who reinsured policies written by Allianz Global Risks covering the destruction of the World Trade Center, issued a statement indicating strong disagreement with the jury’s finding that two...
Best Affirms SCOR and Subs ‘B++’ Ratings; Changes Outlook to Positive
Dec 2 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) of French reinsurer SCOR and its core subsidiaries (collectively referred to as SCOR Group) and has assigned an...
S&P Raises SCOR Outlook; Affirms ‘BBB+’ Rating
Nov 10 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on French reinsurer SCOR and its guaranteed subsidiaries to positive from stable. At the same time, S&P affirmed its...
SCOR Reports $70 Million Nine-Month Earnings
Nov 5 2004 // French reinsurer SCOR Group recently approved the company’s financial results for the nine months ended Sep. 30, 2004. SCOR has been through some rough times, but the results, which included 54.3 million euro ($70...
SCOR Estimates Q3 Hurricane Losses at $27.5 Million
Sep 29 2004 // France’s SCOR Group estimates that the total gross cost of the cost of the hurricanes in the United States and in the Caribbean, Charley, Frances and Ivan, to be 22.5 million euros million ($27.5 million). SCOR noted...
SCOR Announces Appointments
Sep 13 2004 // France’s SCOR Group announced the following appointments in a bulletin released on Friday, Sept.10: Mr. Arnaud Chneiweiss – Director for Strategy and Strategic Holdings for SCOR VIE. His assignment will be to...
SCOR Posts 38.7 Percent 1st Half Net Income Increase to $70 Million
Aug 26 2004 // France’s SCOR Group didn’t do quite as well as Swiss Re, but it’s come a long way from the dark days of 2001. The reinsurer’s “Back on Track” restructuring plan and the recently approved...
PartnerRe, Converium, Transatlantic and SCOR Give Preliminary Loss Estimates from Hurricane Charley
Aug 20 2004 // Bermuda-based PartnerRe Ltd. estimated that claims relating to its exposure to Hurricane Charley are expected to be between $35 and $45 million. Transatlantic Holdings, Inc. announced from New York that its estimated net...
SCOR Group Announces Executive Appointments
Jul 6 2004 // Paris-based reinsurer SCOR Group has announced the following executive appointments: Jean-Luc Besson, 58, has been nominated Chief Risk Officer, responsible for the global Central Technical Department. He is an Actuary,...
