SCOR Global P&C News

SCOR Global P&C Restructures with Aim to Be More Responsive on Regional Basis

SCOR Global P&C is making a number of changes to its organizational structure to be more responsive on a regional basis, according to SCOR Global P&C CEO Jean-Paul Conoscente, who sent a message to clients on Friday, Oct. 2. “We …

Reinsurance Demand Rises, Along with Flight to Quality, Say Industry Experts

Not only has reinsurance buying increased, but there also has been a flight to quality reinsurers by ceding insurance companies, according to several reinsurers and brokers in recent webinars held in lieu of what would have been the reinsurance Rendez-Vous …

SCOR Global P&C Sees Price Increases of 6.6% During April Renewals

During the April reinsurance renewals, SCOR Global P&C said it grew gross premiums by 5.7% to €504 million, while benefiting from broadly improving market conditions as shown by a 6.6% overall increase in pricing. Asia-Pacific represents 57% of SCOR’s portfolio …

Is the Re/Insurance Industry Ready for the Fourth Industrial Revolution?

Industry transformations occur when the pain of staying the same is suddenly greater than the pain of changing, according to Karen White, CEO of RMS. “The second thing that has got to be present for those transformations to occur is …

Good Leaders Challenge the Status Quo-and Themselves: SCOR’s Conoscente

Jean-Paul Conoscente became the CEO of SCOR Global P&C in April 2019 when his predecessor, Victor Peignet, retired after 35 years with the company. Before Peignet left the company, he offered Conoscente a sage piece of advice about taking a …

Staying Profitable in an Increasingly Fragmented World: SCOR Global P&C CEO

There are several things that keep SCOR’s Jean-Paul Conoscente awake at night. Climate change is one of them; cyber risk is another. Only time will tell whether these risks are actually insurable, cautions Conoscente, who became the CEO of SCOR …

SCOR Global P&C Grows Reinsurance Premiums by 9.6% During April Renewals

SCOR Global P&C grew its gross written premiums by 9.6 percent, at constant exchange rates, to €548 million ($616 million), during the April 1 reinsurance renewals. In the aftermath of the events in 2018, catastrophe reinsurance treaties “responded rationally” during …

SCOR Merges European P/C and Life Entities into SCOR SE

SCOR Global Life SE and SCOR Global P&C SE merged into SCOR SE on March 31, 2019. This reorganization, which was announced by SCOR in September 2016 as part of its three-year strategic plan “Vision in Action,” enables SCOR to …

SCOR Global P/C Makes Appointments to Reinsurance, Specialty Insurance Teams

SCOR Global P&C announced the following reinsurance appointments, effective April 1, 2019: Michel Blanc has been promoted to CEO of Reinsurance, following Jean-Paul Conoscente’s appointment as CEO of SCOR Global P&C with effect from April 1, 2019. Blanc currently serves …

SCOR Names Conoscente CEO of SCOR Global P&C, Succeeding Peignet

SCOR announced the appointment of Jean-Paul Conoscente, currently chief executive officer of reinsurance at SCOR Global P&C, as CEO of SCOR Global P&C. This appointment follows Victor Peignet’s decision to retire for personal reasons, after 35 years with the SCOR …