Latest SCOR SE Headlines
All the headlines from our SCOR SE Topic Page, ordered by recency.
SCOR Sells U.S. Fixed Annuity Business
Feb 17 2011 // French reinsurer SCOR Group announced that it is “disposing of its US Fixed Annuity business through the sale of its subsidiary Investors Insurance Corporation (IIC) for $55 million.” The entire share capital...
France’s SCOR Group Launches Global Risk Center
Dec 17 2010 // French reinsurer SCOR Group has launched the SCOR Global Risk Center, as part of the Group’s strategic plan for 2010-2013, “Strong Momentum”, and is in line with its long-term commitments. The bulletin...
RMS Conducts Risk Analysis for SCOR’s Atlas VI Cat Bonds
Dec 13 2010 // Risk Management Solutions announced that it has successfully conducted the expert risk analysis for the second issuance of the Atlas VI bond (Series 2010-I Class A Notes) sponsored by French reinsurer SCOR Group. The...
French Reinsurer SCOR Group to Back New Lloyd’s Syndicate
Nov 4 2010 // France’s SCOR Group announced that the Lloyd’s Market Franchise Board has given its “in principle” approval to the creation of Syndicate 2015. The “final arrangements and approval” could...
Sources Report SCOR, RGA in Race to Acquire Aegon’s Transamerica Re
Oct 29 2010 // French reinsurer SCOR Group and Reinsurance Group of America (RGA) are in the race to buy Dutch insurer Aegon NV’s Transamerica Reinsurance unit, sources familiar with the matter said. The auction, which started...
SCOR’s Q2 Net Income up 32% to $157 Million; $204 Million Half Year
Jul 29 2010 // French reinsurer SCOR had a very satisfactory second quarter with net income of €120 million ($156.75 million), compared to €91 million ($119 million) in the second quarter 2009, a 32 percent rise. The increase...
SCOR Posts 19% Premium Gain on Half Year Non-Life Treaty Renewals
Jul 23 2010 // French reinsurer SCOR Group announced that P/C and Specialty treaty renewals at the end of June resulted in premium growth of 19 percent at constant exchange rates. In addition SCOR stressed that the renewals had fully...
SCOR’s Preliminary Quake, Storm Loss Estimates Around $130 Million
Mar 18 2010 // French reinsurer SCOR Group announced that based on preliminary estimates, it expects its related costs from the earthquake in Chile and Windstorm Xynthia to be approximately €95 million ($130 million) net pre-tax,...
Best Revises Outlook on SCOR to Positive; Affirms ‘A-‘ Ratings
Sep 4 2009 // A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of French reinsurer SCOR...
SCOR Acquires XL Life America
Jul 23 2009 // SCOR Global Life US (SGL U.S.), a wholly-owned subsidiary of France’s SCOR Group, has reached a definitive agreement to acquire XL Re Life America Inc. (XLRLA), a subsidiary of XL Capital Ltd. The total consideration...
S&P Raises SCOR and Subs Ratings to ‘A’ On ‘Positive Trend’
Mar 16 2009 // Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on French-based reinsurer SCOR SE and its core guaranteed subsidiaries (collectively SCOR or...
Best Affirms SCOR’s ‘A-‘ Ratings
Nov 17 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of SCOR S.E. (France) and its rated subsidiaries. Best also affirmed the...
S&P Raises SCOR’s Outlook to Positive
Sep 4 2008 // Standard & Poor’s Ratings Services has revised its outlook on French reinsurer SCOR SE and its guaranteed subsidiaries (collectively SCOR or the group), to positive from stable. SCOR regained an ‘A-‘...
SCOR Admitted as Brazilian Reinsurer
Apr 11 2008 // France’s SCOR has been admitted as a property and casualty reinsurer in Brazil. In addition, SCOR is currently completing the formalities for SCOR Global Life US Re Insurance Company to operate as an admitted Life...
SCOR Net Income up 62% to $633 Million
Mar 20 2008 // French reinsurer SCOR Group posted a significant gain in net income for 2007 – up 62 percent to €407 million, ($632.8 million), a ROE of 14.1 percent and a strong 2007 EPS reaching € 2.79 ($4.337), supported by a...
SCOR Books Successful Treaty Renewals
Feb 15 2008 // France’s SCOR Group said it has reached its objective for “successfully consolidating two strong independent reinsurance groups into one leading franchise at this year’s January renewals.” 78...
SCOR Receives Approval for Beijing P/C Branch
Feb 6 2008 // France’s SCOR Group has received final approval to start operating a Property and Casualty branch in Beijing from the China Insurance Regulatory Commission (CIRC). The endorsement of SCOR’s request to set up a...
SCOR Renews Agreement with UK’s Medical Defense Unit
Jan 9 2008 // French reinsurer SCOR SE announced that it has renewed its successful business relationship with the Medical Defence Union Ltd. (MDU), the UK’s leading medical defense organization. MDU was a joint venture partner of...
SCOR Opens So. Africa Office
Jan 4 2008 // France’s SCOR Group announced that it has opened a representative office in Johannesburg, South Africa, as part of its “strategic development plans for the English and Portuguese speaking markets on the African...
SCOR’s Nine-Month Income Jumps 93% to $437 Million
Nov 16 2007 // France’s SCOR Group posted significant earnings gains for the first nine months of 2007, with net income up 93 percent to €299 million ($437 million) and gross written premiums up 62 percent to €3.381 billion...
