Latest SCOR SE Headlines
All the headlines from our SCOR SE Topic Page, ordered by recency.
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,...
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...
