Latest SCOR SE Headlines
All the headlines from our SCOR SE Topic Page, ordered by recency.
SCOR Targets 7% Annual Rise in Gross Premiums During Next 3 Years
Sep 7 2016 // SCOR SE, France’s largest reinsurer, expects gross premiums to rise as much as 7 percent annually over the next three years on increased demand in Asia. SCOR has “significant growth potential” despite a...
Persistent Soft Market Begins to Hit Reinsurer Stock Prices: A.M. Best
Jun 15 2016 // While global reinsurers are continuing to withstand challenging market conditions, their stock prices, on average, are starting to take a hit as a result of the persistent soft market and its negative effect on top line...
SCOR Increases P&C GWP Levels by 4.7% During April Renewals; Profits on Target
Apr 22 2016 // SCOR Global P&C increased gross written premiums by 4.7 percent at the recent April renewals, based on constant exchange rates, with total premiums rising from €420 million ($474.7 million) to €440 million ($497.3...
SCOR Issues Statement as Sompo Backs Out of Share Purchase
Dec 14 2015 // French reinsurer SCOR Group issued a statement following the announcement from Sompo Japan Nipponkoa Holdings Inc. that it no longer plans to go through with an agreement to buy a 15 percent stake in SCOR. SCOR said it...
SCOR’s ‘Optimal Dynamics’ Plan Producing Results
Sep 9 2015 // French reinsurer SCOR Group held its annual Investor Day in Paris that included an overview of the implementation of the company’s strategic plan “Optimal Dynamics” in its first two years. SCOR’s...
Tissot Named SCOR Group COO
Aug 31 2015 // French reinsurer SCOR Group has appointed Nicolas Tissot as the Group’s Chief Operating Officer (COO), effective as of today, August 31. He reports to Chairman and CEO Denis Kessler, and joins the SCOR Group...
SCOR 2nd Quarter Net Income Rises 26% to $168 Million
Jul 29 2015 // SCOR SE, France’s largest reinsurer, said second-quarter profit rose 26 percent as the stronger dollar helped push up premium growth. Net income climbed to 152 million euros ($168 million) from 121 million euros a...
SCOR Appoints Alridge as Chief Compliance Officer
May 26 2015 // Global reinsurer SCOR has appointed Spencer Alridge as Group chief compliance officer of the company’s Central Group Functions. Alridge will report to Romain Launay, general secretary, as of June 1. He will be based...
SCOR Appoints Brémond as Group Human Resources Director
May 20 2015 // SCOR announced that Laurent Brémond has joined the company as group human resources director, reporting to Denis Kessler, chairman & chief executive officer, based in Paris. Brémond (47) is a graduate of the London...
SCOR Posts $196 Million Q1 Net Income; GWP up 17% to $3.5 Billion
May 6 2015 // French reinsurer SCOR made a strong start to 2015; posting consolidated net income in the first quarter of €175 million [$196 million], a 29.6 percent gain from the €135 million [$151.3 million] in Q1 2014. SCOR listed...
SCOR Global P&C Posts 5.8% Premium Increase for April Renewals
Apr 29 2015 // French reinsurer SCOR reported that the April renewals saw SCOR Global P&C’s gross written premiums increased by 5.8 percent from €374 million [$411 million] to €396 million [$436 million], at constant...
SCOR Global P&C Appoints Gavazzi, Rousseau in Treaty Underwriting Area
Mar 12 2015 // SCOR announced it has made two underwriting appointments at its SCOR Global P&C unit. First, it appointed Umberto Gavazzi as chief underwriting officer for the Worldwide Treaty P&C operations of SCOR Global...
SCOR Welcomes Sompo Japan Nippokoa Share Purchase; No Changes Seen
Mar 6 2015 // In a brief announcement French reinsurer SCOR acknowledged that it has been “informed of the signing of a purchase agreement by Sompo Japan Nipponkoa Holdings, Inc.” The Japanese insurer is acquiring the...
SCOR CEO Says Quantitative Easing Inflicts ‘Huge Costs’ on Euro Zone Insurers
Mar 6 2015 // The European Central Bank’s bond-buying plan may not help the region’s economic recovery while it makes the investment decisions harder for insurers and reinsurers, SCOR SE Chief Executive Officer Denis Kessler...
Sompo Japan Nipponkoa Plans to Buy 15% Stake in French Reinsurer SCOR
Mar 6 2015 // Sompo Japan Nipponkoa Holdings Inc. will buy a 15 percent stake in French reinsurer SCOR SE in potentially its biggest investment abroad amid diminishing opportunities for growth at home. The insurer will initially buy 7.8...
PartnerRe Stock Jumps on Report That SCOR, Alleghany Are Weighing Bids
Feb 4 2015 // PartnerRe Ltd. jumped in New York trading after “Insurance Insider” reported that the reinsurer, which agreed last month to merge with Axis Capital Holdings Ltd., might draw bids from rivals to break up the...
SCOR Receives License to Operate as Local Brazil Reinsurer
Sep 4 2014 // France’s SCOR announced the creation of a local entity in Brazil, SCOR Brasil Resseguros SA (SCOR Brasil Re), following receipt of a license to operate as a Local Reinsurer granted by the Brazilian insurance...
SCOR’s GWP up 8% in 2013; 5% for January 1 Renewals
Feb 7 2014 // France’s SCOR Group confirmed that the reinsurer “booked 8 percent gross written premium growth (at constant exchange rates) for the full year 2013, to €4.85 billion [$6.58 billion]. SCOR Global P&C also...
Best Europe Affirms SCOR and Main Subs Ratings; Outlook Stable
Oct 11 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of French reinsurer SCOR SE and its main...
U.S. Reinsurance Sector’s Profit Jumps 32% to $4.76B for 2013 First Half
Sep 5 2013 // The Reinsurance Association of America (RAA)’s latest survey shows a group of 18 U.S. property/casualty reinsurers posted $4.756 billion net income in aggregate for the first six months of 2013 — an increase of...
