Latest SCOR SE Headlines
All the headlines from our SCOR SE Topic Page, ordered by recency.
Best Upgrades SCOR’s U.S. Subs
Sep 11 2006 // As part of its overall rating actions on France’s SCOR Group (See related article in International section), A.M. Best Co. has upgraded the financial strength rating to “A-” (Excellent) from...
SCOR H1 Profit up 42% to $131 Million
Aug 31 2006 // France’s SCOR Group posted an impressive first half of 2006 with net income up 42 percent to €102 million ($131 million) compared to the €72 million ($92.5 million) it earned in the same period of 2005. Other...
SCOR, Highfields Dispute Update
Aug 23 2006 // The dispute continues between French reinsurer SCOR Group and Boston-based Highfields Capital Management over the valuation of the 46.6 percent ownership of IRP Holdings Ltd., an Irish company formed in 2001 for the...
SCOR Opts to Become First French Societas Europaea
Jul 6 2006 // France’s SCOR Group announced that its Board of Directors has adopted plans to transform the Company into a Societas Europaea, or SE. SCOR SA – its current status – will become the first French listed...
SCOR Strengthens Agricultural Risk Business with Frankona Re Hires
Jun 14 2006 // French reinsurer, SCOR Group is developing its agricultural risk reinsurance business throughout the world as part of an initiative to reinforce its agricultural risk underwriting teams to “keep up with the changing...
SCOR Q1 Net up 61% to $68 Million
May 17 2006 // France’s SCOR Group reported a healthy first quarter with net income rising 61 percent to €53 million ($68.34 million) from €33 million ($42.55 million) in Q1 2005. Gross written premiums rose 18 percent to...
S&P Assigns SCOR Global ‘A-‘ Ratings; Affirms Group Ratings
May 3 2006 // Standard & Poor’s Ratings Services announced several rating actions concerning French reinsurer SCOR. S&P said it has assigned an indicative “A-” long-term insurer financial strength rating to...
SCOR Scores Success with Asian Treaty Renewals
Apr 18 2006 // French reinsurer SCOR Group reported premium gains in its Asia-Pacific zone following treaty renewals at the beginning of April. Written premiums In Japan exceeded 7 billion yen ($59.3 million) up 6 percent compared to...
SCOR 2005 Net up 75% to $158 Million
Mar 23 2006 // France’s SCOR Group announced positive results for 2005 with net income after tax increasing by 75 percent to €131 million ($158 million), compared to €75 million ($90.5 million) in 2004. Other earnings...
SCOR Premium Income up 25%
Mar 6 2006 // France’s SCOR Group noted a 25 percent rise in worldwide premium income follwing the January renewal season. Non- life and credit & surety treaties totaled €1.041 billion ($1.256 billion). The reinsurer said...
SCOR’s P/C, Credit and Surety Treaty Renewal Premiums Up 25%
Jan 16 2006 // France’s SCOR Group announced that “premium income linked to Non-Life and Credit & Surety treaties up for renewal on 1 January 2006 is up by around 25 percent.” The bulletin added, “these...
SCOR Acquires Alea’s Renewal Rights to European P/C Treaties
Dec 16 2005 // French reinsurer SCOR Group announced that it has reached agreement with the Alea Group to acquire the renewal rights to its European reinsurance treaties for 2006. The move follows Alea’s sale of its renewal rights...
Best Affirms SCOR’s ‘B++’ Rating
Nov 9 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) and issuer credit rating of “bbb+” of France’s SCOR and its main subsidiaries (collectively...
SCOR 1st Half Net Increases by 18% to $90 Million
Sep 2 2005 // France’s SCOR Group made more out of less for the first six months of 2005. Although the Paris-based reinsurer’s gross written premiums declined by 12 percent to 1.184 billion euros ($1.485 billion), net income...
SCOR Opens Indian Office
Aug 30 2005 // France’s SCOR Group announced that it has obtained permission from the Indian regulatory authority (IRDA) to open a representative office in India, “with a view to strengthening and developing its activities in...
International Newsbriefs
Jul 18 2005 // XL Hit with $183M Reserve Increase: Bermuda’s XL Capital Ltd. announced that its second quarter results will be adversely impacted by an increase in net reserves in its North American reinsurance operations of $191...
SCOR to Raise $282 Million to Fund IRP Purchase; Best Sees Ratings as Being Unaffected
Jun 23 2005 // France’s SCOR Group plans to issue 130 million new shares, raising around 201.5 million euros ($243.6 million) in new capital, primarily to fund the purchase of the outstanding shares of Irish Reinsurance Partners...
Highfields Capital Comments on Exchange of IRP Shares with SCOR
May 12 2005 // Boston-based Highfields Capital Management has issued a statement addressing what it termed “certain incorrect and incomplete information” being disseminated about the potential acquisition by French reinsurer...
S&P Affirms, Withdraws SCOR’s CRP Subs Ratings
Apr 21 2005 // Standard & Poor’s Ratings Services announced that it has affirmed its “BBB+” insurer financial strength ratings on two subsidiaries of French reinsurer SCOR: Bermuda-based Commercial Risk Reinsurance...
SCOR Reports Strong Asian April Renewals
Apr 13 2005 // France’s SCOR Group reported that treaty renewals in the Asian market, concluded on April 1, showed good gains. “Non-Life treaties in Japan and Korea (72% of the 2004 Asia-Pacific zone Property & Casualty...
