Latest SCOR SE Headlines
All the headlines from our SCOR SE Topic Page, ordered by recency.
SCOR Posts 19% Premium Gain on Half Year Non-Life Treaty Renewals
Jul 23 2010 // French reinsurer SCOR Group announced that P/C and Specialty treaty renewals at the end of June resulted in premium growth of 19 percent at constant exchange rates. In addition SCOR stressed that the renewals had fully...
SCOR’s Preliminary Quake, Storm Loss Estimates Around $130 Million
Mar 18 2010 // French reinsurer SCOR Group announced that based on preliminary estimates, it expects its related costs from the earthquake in Chile and Windstorm Xynthia to be approximately €95 million ($130 million) net pre-tax,...
Best Revises Outlook on SCOR to Positive; Affirms ‘A-‘ Ratings
Sep 4 2009 // A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of French reinsurer SCOR...
SCOR Acquires XL Life America
Jul 23 2009 // SCOR Global Life US (SGL U.S.), a wholly-owned subsidiary of France’s SCOR Group, has reached a definitive agreement to acquire XL Re Life America Inc. (XLRLA), a subsidiary of XL Capital Ltd. The total consideration...
S&P Raises SCOR and Subs Ratings to ‘A’ On ‘Positive Trend’
Mar 16 2009 // Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on French-based reinsurer SCOR SE and its core guaranteed subsidiaries (collectively SCOR or...
Best Affirms SCOR’s ‘A-‘ Ratings
Nov 17 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of SCOR S.E. (France) and its rated subsidiaries. Best also affirmed the...
S&P Raises SCOR’s Outlook to Positive
Sep 4 2008 // Standard & Poor’s Ratings Services has revised its outlook on French reinsurer SCOR SE and its guaranteed subsidiaries (collectively SCOR or the group), to positive from stable. SCOR regained an ‘A-‘...
SCOR Admitted as Brazilian Reinsurer
Apr 11 2008 // France’s SCOR has been admitted as a property and casualty reinsurer in Brazil. In addition, SCOR is currently completing the formalities for SCOR Global Life US Re Insurance Company to operate as an admitted Life...
SCOR Net Income up 62% to $633 Million
Mar 20 2008 // French reinsurer SCOR Group posted a significant gain in net income for 2007 – up 62 percent to €407 million, ($632.8 million), a ROE of 14.1 percent and a strong 2007 EPS reaching € 2.79 ($4.337), supported by a...
SCOR Books Successful Treaty Renewals
Feb 15 2008 // France’s SCOR Group said it has reached its objective for “successfully consolidating two strong independent reinsurance groups into one leading franchise at this year’s January renewals.” 78...
SCOR Receives Approval for Beijing P/C Branch
Feb 6 2008 // France’s SCOR Group has received final approval to start operating a Property and Casualty branch in Beijing from the China Insurance Regulatory Commission (CIRC). The endorsement of SCOR’s request to set up a...
SCOR Renews Agreement with UK’s Medical Defense Unit
Jan 9 2008 // French reinsurer SCOR SE announced that it has renewed its successful business relationship with the Medical Defence Union Ltd. (MDU), the UK’s leading medical defense organization. MDU was a joint venture partner of...
SCOR Opens So. Africa Office
Jan 4 2008 // France’s SCOR Group announced that it has opened a representative office in Johannesburg, South Africa, as part of its “strategic development plans for the English and Portuguese speaking markets on the African...
SCOR’s Nine-Month Income Jumps 93% to $437 Million
Nov 16 2007 // France’s SCOR Group posted significant earnings gains for the first nine months of 2007, with net income up 93 percent to €299 million ($437 million) and gross written premiums up 62 percent to €3.381 billion...
SCOR Takes Over; S&P Rating Actions
Sep 10 2007 // France’s SCOR Group lost no time in taking over operations at newly-acquired Swiss reinsurer Converium AG, and putting its own people in top management positions. Converium’s former executives, including...
SCOR 1H Net up 77% to $247 Million
Aug 31 2007 // France’s SCOR Group posted impressive gains for the first half of 2007, with net income after tax of €181 million ($247 million), a 77 percent increase over the same period last year. Gross premiums written for the...
SCOR’s 1H Gross Written Premiums up 55% to $2.86 Billion
Aug 22 2007 // France’s SCOR Group has turned in a good first half performance, even before absorbing Swiss reinsurer Converium AG. The reinsurer announced that gross written premiums for the first half of 2007 rose to €2.124...
Best Affirms SCOR Ratings; Upgrades Converium; Off Review
Aug 22 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of France’s SCOR Group and its rated subsidiaries. Best also...
SCOR/Converium Merger Pact Final Settlement; Share Issue
Aug 9 2007 // France’s SCOR Group announced that it has effectively concluded its share purchase/merger deal with Swiss-based Converium Holding AG. As of the close of its tender offer on July 26, 2007, SCOR had received 15,032,037...
SCOR Officially Opens Converium Offer
Jun 13 2007 // France’s SCOR Group announced the official opening of its public tender offer for all of the publicly held registered shares of Converium Holding Ltd. The somewhat delayed offer – due to the time required to...
