Latest SCOR SE Headlines
All the headlines from our SCOR SE Topic Page, ordered by recency.
SCOR Increases Stake in IRP; Extends Sell Date for CRP
Jul 1 2003 // France’s –SCOR Group announced that it has purchased an additional 6.67 percent stake in IRP Holdings Ltd., and has extended the deadline for the sale of Commercial Risk Partners (CRP) from June 30 to July 31,...
Pierre-Denis Champvillard to Retire as SCOR Deputy COO
Jun 27 2003 // France’s SCOR Group announced that Mr. Pierre-Denis Champvillard, 57, Group Deputy Chief Operating Officer, has applied for leave to retire, effective July 1, 2003. The announcement indicated that Champvillard, who...
SCOR Posts Strong Q1 Gain, $35 Million Net
May 16 2003 // France’s SCOR Group, the world’s 8th largest reinsurer, continued its earnings recovery with strong first quarter net income of 31 million euros ($35.36 million), compared to 7 million euros ($7.98 million) in...
SCOR Announces Successful April Renewals in Asia
May 6 2003 // France’s SCOR Group announced that it has successfully renewed 60 percent of its 2002 portfolio in Asia as of April 1, 2003. Japanese treaties represented 68 percent of business renewed and South Korean treaties 32...
SCOR Increases Stake in IRP
Apr 7 2003 // France’s SCOR Group announced that, “as a result of recently held negotiations with one of the shareholders of IRP Holdings Ltd., it has offered to purchase 6.67% of the share capital of this...
SCOR Posts $496 Million* Loss for 2002
Apr 1 2003 // France’s Scor Group, the world’s seventh largest reinsurer, registered a net loss of 455 million Euros ($496 million) for the year 2002; 55 million Euros ($60 million) more than it had said it expected in...
SCOR Sets Agenda for “Back on Track” Plan; May Sell Bermuda Operation
Jan 23 2003 // Denis Kessler, who recently took over as the head of France’s SCOR Group, revealed additional measures to implement his “Back on track Plan” for the company at yesterday’s Board of Directors...
Dietmar Zietsch Appointed Chairman of SCOR Deutschland Management Board
Jan 14 2003 // Dietmar Zietsch, who currently serves as Deputy Chairman of SCOR Deutschland, has been appointed Chairman of the Management Board of SCOR’s German subsidiary effective as of March 1, 2003. Zietsch, 48, holds a...
SCOR Confirms Departure of Sr. VP François Reach
Jan 13 2003 // Sr. VP François Reach has become the first senior manager to leave France’s SCOR group following the appointment of Denis Kessler last November as the new CEO, succeeding Jacques Blondeau. Kessler, who also heads...
A.M. Best Affirms SCOR ‘A-‘ (Excellent) Rating
Jan 10 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of France’s SCOR and its guaranteed subsidiaries, removing them from “under review” status, and has assigned a...
Fitch Affirms SCOR’s ‘BBB’ Rating
Jan 2 2003 // Fitch Ratings announced that it has affirmed the Insurer Financial Strength ratings of the SCOR Group at ‘BBB’ and the Long- and Short-term ratings of SCOR at ‘BBB-‘ (‘BBB minus’) and...
SCOR Completes $390 Million Capital Increase
Dec 27 2002 // The Paris-based SCOR Group confirmed that it has completed the previously announced subscription and sale of the equivalent of 99 million new shares, raising 381 million Euros ($390 million). The new funds came mostly from...
SCOR Closes Rights Offering, Raises $387 Million
Dec 13 2002 // France’s SCOR Group announced that the subscription period for the preferential rights related to its capital increase came to an end on Wednesday. The company raised an estimated 381million Euros ($387 million). The...
SCOR’s Kessler Confident Insurers Will Weather Current Crisis
Dec 10 2002 // Denis Kessler, who recently took over as CEO of France’s SCOR Group, told delegates attending the Les Entretiens de l’Assurance Conference in Paris that the insurance industry would weather the current storms...
SCOR Confirms Renewal of Letters of Credit
Dec 2 2002 // France’s SCOR Group has confirmed that it has signed a “definitive agreement” with its banking syndicate setting out the principal terms and conditions for the renewal, “for the year 2003, of a...
A.M. Best Lowers SCOR Group Ratings to A- (Excellent)
Nov 25 2002 // A.M. Best announced that it has lowered the financial strength rating of French reinsurer SCOR and its subsidiaries from A (Excellent) to A- (Excellent), and will keep all of the group’s ratings under review with...
Gerling Global – Going, Going, Gone
Nov 25 2002 // Asbestos, the weak equity markets and Sept. 11 have indirectly claimed another victim. Gerling-Konzern Globale Ruckversicherungs—AG (GKG), the reinsurance arm of Germany’s Gerling Group, announced at the end of...
Gerling Global – Going, Going, Gone
Nov 25 2002 // Asbestos, the weak equity markets and Sept. 11 have indirectly claimed another victim. Gerling-Konzern Globale Ruckversicherungs—AG (GKG), the reinsurance arm of Germany’s Gerling Group, announced at the end of...
SCOR Appoints Denis Kessler as New CEO to Succeed Jacques Blondeau
Nov 5 2002 // In a sudden, but not totally unexpected, move France’s SCOR Group announced that Denis Kessler would replace Jacques Blondeau as Chairman and CEO. The change follows a profit warning that SCOR expects a 250 million...
SCOR Responds to Ratings Downgrades
Nov 1 2002 // France’s SCOR Group, which recently warned that it expected to post a net loss of around 250 million Euros ($247 million) for 2002 (See IJ Website Oct. 30), responded to the actions of the various rating agencies...
