Latest SCOR SE Headlines
All the headlines from our SCOR SE Topic Page, ordered by recency.
SCOR-Backed Channel Syndicate Taps Coulson from Lancashire as Senior Underwriter
Mar 31 2020 // Channel Syndicate, which is backed by reinsurer SCOR, has appointed Caroline Coulson as a senior underwriter on the political and credit risks team within SCOR Specialty Insurance, effective immediately. Coulson started on...
Activist Fund CIAM Keeps Pressure on Reinsurer SCOR – and its CEO/Chairman Kessler
Mar 30 2020 // The battle between French activist investment fund CIAM and SCOR, which has been waging for more than a year, heated up again recently with yet another push by CIAM to separate the chairman and CEO roles, both held by...
SCOR Buys Majority Stake in Brazil MGA with Agricultural Specialty
Feb 14 2020 // Global reinsurer SCOR said it has acquired a majority stake in AgroBrasil, an MGA focused on distributing fruit and grain loss of crop quality and yield insurance protection to Brazilian farmers. Neither side disclosed...
Reinsurers Maintain Upward Pricing Momentum-But Will It Last?
Oct 24 2019 // Positive pricing momentum—it’s the favorite phrase of many reinsurance executives, who are hoping that the momentum they’ve seen in 2019 will continue during the coming January renewals and beyond. The...
Reinsurers Look at Cyber’s Massive Growth Possibilities-With Caution
Oct 22 2019 // Reinsurers are aware they must constantly invent new solutions in order to stay relevant for their clients. Yet, they admit they are sometimes challenged to close the protection gap for new and emerging risks such as...
Good Leaders Challenge the Status Quo-and Themselves: SCOR’s Conoscente
Sep 23 2019 // 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...
Staying Profitable in an Increasingly Fragmented World: SCOR Global P&C CEO
Sep 23 2019 // 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...
Update: French Reinsurer SCOR Reports 62% Rise in Net Profit During 2nd Quarter
Jul 25 2019 // French reinsurer SCOR, which was the target of a failed takeover attempt last year, said its net profit for the second quarter rose 62% from the same period a year ago, helping the company meet financial targets it set...
Reinsurer SCOR Acquires Fund Manager Specializing in Insurance Linked Securities
May 23 2019 // French reinsurer SCOR said it had agreed to buy 100% of Coriolis Capital, an asset manager specialized ininsurance-linked securities, for an undisclosed amount. Coriolis Capital invests mainly in natural disaster bonds,...
It Was Always Going to Be Hard to Oust CEO of SCOR – and His 300% Return: Opinion
Apr 29 2019 // European shareholder activism has suffered a painfully public humiliation. The lesson for investors is clear: Pick your battles. Paris-based investment fund CIAM wanted to split the chairman and CEO roles at French...
SCOR’s Shareholders Reject Attempt to Oust CEO Kessler
Apr 26 2019 // The shareholders of French reinsurer SCOR rejected a request by activist fund CIAM to oust chief executive Denis Kessler from the board of SCOR, although Kessler’s pay deal was only approved by a slim majority. About...
SCOR’s Q1 Net Profit Drops 21% on Japan Typhoons in 2018
Apr 26 2019 // French reinsurer SCOR, whose CEO faces a vote on his demotion during a shareholders meeting on Friday, said its net profit in the first quarter fell 21 percent as a result of the impact of 2018 typhoons in Japan. SCOR...
SCOR Global P&C Grows Reinsurance Premiums by 9.6% During April Renewals
Apr 22 2019 // 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...
SCOR Merges European P/C and Life Entities into SCOR SE
Apr 1 2019 // 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...
SCOR Investment Partners Promotes Rostan as Head of Insurance-Linked Securities
Mar 28 2019 // SCOR Investment Partners announced the promotion of Sidney Rostan as head of Insurance-Linked Securities (ILS), effective April 1, 2019. Sidney Rostan replaces Vincent Prabis, who is leaving the company to take a different...
French Activist Fund Aims to Remove SCOR CEO Kessler from Board
Mar 26 2019 // French activist fund CIAM will ask reinsurance company SCOR’s CEO Denis Kessler to surrender the chairmanship of the company’s board after he thwarted a takeover attempt earlier this year. CIAM, which has just...
SCOR Global P/C Makes Appointments to Reinsurance, Specialty Insurance Teams
Mar 21 2019 // 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...
SCOR Names Conoscente CEO of SCOR Global P&C, Succeeding Peignet
Feb 20 2019 // 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...
SCOR’s Net Profit in 2018 Rises 13% Despite Spate of Q4 Natural Disasters
Feb 20 2019 // French reinsurer SCOR, which was the target of a thwarted acquisition by rival Covea last year, posted a surge in overall 2018 net profits despite making a loss in the fourth quarter caused by a spate of natural...
Update: SCOR CEO Says Activist Fund Criticisms of Covea Tactics Constitute Slander
Feb 5 2019 // French reinsurer SCOR’s Chief Executive Denis Kessler promised on Tuesday to release a strategic plan that would set new targets for the company, in a move to assuage an activist fund that questioned his role in a...
