Latest SCOR SE Headlines
All the headlines from our SCOR SE Topic Page, ordered by recency.
Best Upgrades SCOR & Subs Credit Ratings; Affirms Financial Ratings
May 3 2012 // A.M. Best Europe – Ratings Services Limited has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of French...
SCOR Posts 11% Increases in Renewal Pricing
May 1 2012 // SCOR Global P&C (SGPC) recorded 11 percent growth at constant exchange rates from the €328 million [$435 million] in premiums that were up for renewal on April first, “with no increase in exposure to natural...
SCOR Estimates Thai Flood Losses at $185 Million
Dec 16 2011 // French reinsurer SCOR Group has estimated its losses from the floods in Thailand at €140 million [$185 million] net of retrocession and before tax. SCOR described the floods as a “major natural catastrophe, which...
SCOR Reports Q3 Net Income of $255 Million; Gains on Transamerica Sale
Nov 15 2011 // French reinsurer SCOR Group announced net income for the third quarter of 2011 of €188 million [$255 million], a 70.1 percent increase from the same period last year, as gross written premiums topped €2 billion [$2.71...
SCOR Confirms Earnings Targets; Strategic ‘Strong Momentum’ Plan
Sep 8 2011 // French reinsurer SCOR confirmed the targets of its strategic plan -‘Strong Momentum’ – at its annual Investors’ Day, held on Wednesday in Paris. An updated version of the ‘Strong...
SCOR Finalizes Acquisition of Transamerica Re
Aug 10 2011 // France’s SCOR Group announced that it has finalized the acquisition of the mortality portfolio, including the operational assets and personnel, of Transamerica Re, a division of The Netherlands-based AEGON. SCOR said...
SCOR Finalizes Sale of U.S. Fixed Annuity Business
Jul 19 2011 // French reinsurer SCOR announced that it has finalized the sale of its subsidiary Investors Insurance Corporation (IIC) to Athene Holding Ltd., as initially announced on February 16, 2011. SCOR said the sale, for $55...
First Quarter Earnings Reports: SCOR, Alterra Capital
May 5 2011 //
Ratings Recap: SCOR (US), Majestic
May 2 2011 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” of the life and non-life North American operating subsidiaries of France’s SCOR SE...
Best Affirms SCOR and Subs Ratings after Transamerica Re Deal
Apr 28 2011 // A.M. Best Europe – Ratings Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of French reinsurer SCOR SE and its...
SCOR to Buy Aegon’s Transamerica Reinsurance Unit for $913 Million
Apr 26 2011 // French reinsurer SCOR is set to pay $913 million for most of Dutch insurer Aegon’s Transamerica Reinsurance operations. When concluded, the combined companies would become the second largest life reinsurer in the...
Macleod to Head SCOR’s Channel Syndicate Marine Division
Apr 18 2011 // Lloyd’s Channel Syndicate 2015 has appointed Iain Macleod as Head of its Marine Division. He has worked in the London Market for over 25 years and has built a Marine account for previous companies. He “will be...
SCOR Gives Preliminary View on Japanese Natural Catastrophes
Mar 16 2011 //
SCOR Reports 13% 2010 Net Income Gain to $582 Million
Mar 8 2011 // French reinsurer SCOR Group continued to strengthen its financial position in 2010, posting net income of €418 million [$582.5 million] up 13 percent from 2009, and premium income of €6.7 billion [$9.34 billion], up 5...
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...
