Latest SCOR SE Headlines
All the headlines from our SCOR SE Topic Page, ordered by recency.
SCOR Offers Convertible Bonds
Jun 28 2004 // France’s SCOR Group announced that it would offer 180 million euros ($218 million) worth of 4.125 percent unsecured convertible bonds within the French market. SCOR’s bulletin stressed that no offering of the...
SCOR VIE Names Executive Committee
Jun 10 2004 // French reinsurer SCOR announced that the following persons have been named to the SCOR VIE Executive Committee at a meeting of its Board of Directors, chaired by CEO Denis Kessler: — Romain Durand, Chief Executive...
Coface Acquires SCOR’s Stake in Unistrat Insurance; To Start Russian Rating Service
Jun 9 2004 // Coface, the French export finance insurer, announced that it has purchased the 50 percent interest of French reinsurer SCOR in Unistrat Insurance, making it the sole owner of the company, which will be renamed Unistrat...
SCOR Notes Success of Korean Renewals
Apr 21 2004 // France’s SCOR Group announced the official licensing of its Korean operations this month, and indicated it was very pleased with the rates of renewal of its Korean business. The company noted that “the treaty...
SCOR Names Kahn Group CFO
Apr 15 2004 // SCOR has appointed Marcel Kahn as group chief financial officer. Kahn spent several years as an external auditor and chartered accountant before joining the AXA group in 1988 as group controller. From 1991 to 2001, he was...
SCOR Applies for Reinsurance License in China
Apr 15 2004 // SCOR Group Chairman Denis Kessler announced in Beijing that the Group has submitted an application to the China Insurance Regulatory Commission (CIRC) for a reinsurance license to reinforce and develop its non-life...
Best Affirms SCOR’s ‘B++’ Ratings
Apr 5 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 as well as the ratings on debt instruments issued or guaranteed...
SCOR Narrows Loss to $384 Million
Apr 1 2004 // France’s SCOR Group posted a net loss of 314 million euros ($384 million) for 2003, a distinct improvement over the 455 million euros ($556 million) loss the group reported in 2002. In addition the company reported...
SCOR 2003 Gross Premiums Drop 26%
Feb 13 2004 // French reinsurer SCOR Group announced a 26 percent drop in premium income for 2003 to 3.691 billion euros ($4.735 billion), compared to 5.016 billion ($6.435 billion) in 2002, following its decision to exit unprofitable...
SCOR Completes Capital Increase
Jan 6 2004 // France’s SCOR Group, the world’s seventh largest reinsurer, announced the successful completion of its capital raising initiative, launched on December 9, 2003. The company sold 682,724,225 new shares, raising...
SCOR Back on Broker’s Lists; Expects Minimal Impact from Floods
Dec 12 2003 // France’s SCOR Group has issued an announcement indicating that its securities are once again “back on the security lists of the main brokers.” The company also said that the recent flooding in Southern...
S&P Raises SCOR’s Ratings to ‘BBB+’ – Best Changes Outlook
Dec 3 2003 // Both A.M. Best Co. and Standard & Poor’s Ratings Services reacted positively to the news from France’s SCOR Group that it plans to raise an additional 750 million euros ($896 million) through a rights...
SCOR Completes Plans to Raise Cash
Dec 1 2003 // France’s SCOR Group will hold an Extraordinary General Assembly meeting today, conducted by Chairman Denis Kessler to confirm plans to raise additional capital. The announcement, which is not for publication in the...
SCOR Directors Support Capital Increase
Nov 25 2003 // The Board of Directors of the Paris-based SCOR Group has reaffirmed its unanimous support for the reinsurer’s planned capital increase. The affirmation came at a meeting held Nov. 21. The board also announced that...
Henry Klecan to Head SCOR US; Reinsurer Contests Fitch Ratings Downgrade
Nov 20 2003 // France’s SCOR Group announced that Henry Klecan Jr. has been appointed President & CEO of SCOR US at a Board of Directors’ meeting held on November 18, 2003. The company also took issue with...
SCOR’s Review Status, Debt Ratings Downgraded
Nov 10 2003 // A.M. Best Co. has changed the under-review status of Paris-based SCOR’s financial strength rating of “B++” (very good) to negative from developing, which also applies to its core subsidiaries. Best also...
SCOR Posts $400 Million Nine-month Loss; Rating Agencies React
Nov 7 2003 // France’s SCOR Group, the world’s seventh largest reinsurer, announced a nine-month loss of 349 million euros ($400 million), prompting both A.M. Best and Moody’s to place their ratings on the company and...
Commercial Risk Re Downgraded
Nov 3 2003 // A.M. Best has downgraded the financial strength ratings to “B+” (very good) from “B++” (very good) of Commercial Risk Reinsurance Co. Ltd., based in Bermuda, and its U.S. subsidiary in Vermont,...
S&P Notes SCOR Ratings Remain on CreditWatch
Oct 10 2003 // Standard & Poor’s Ratings Services has issued a bulletin noting that its long-term ratings on French reinsurer SCOR and its subsidiaries—”including the ‘BBB+’ counterparty credit and insurer...
Best Downgrades SCOR Ratings – Action ‘Unfounded’ Reinsurer Replies
Sep 11 2003 // A.M. Best Co. announced that it has downgraded the financial strength rating to B++ (Very Good) from A- (Excellent) of France’s SCOR Group and its guaranteed subsidiaries. The company reacted quickly with an...
