French reinsurer SCOR News

SCOR’s ‘Optimal Dynamics’ Plan Producing Results

French reinsurer SCOR Group held its annual Investor Day in Paris that included an overview of the implementation of the company’s strategic plan “Optimal Dynamics” in its first two years. SCOR’s Chairman & CEO Denis Kessler said SCOR is consistently …

SCOR Posts $196 Million Q1 Net Income; GWP up 17% to $3.5 Billion

French reinsurer SCOR made a strong start to 2015; posting consolidated net income in the first quarter of €175 million [$196 million], a 29.6 percent gain from the €135 million [$151.3 million] in Q1 2014. SCOR listed its earnings highlights …

SCOR Welcomes Sompo Japan Nippokoa Share Purchase; No Changes Seen

In a brief announcement French reinsurer SCOR acknowledged that it has been “informed of the signing of a purchase agreement by Sompo Japan Nipponkoa Holdings, Inc.” The Japanese insurer is acquiring the “entire holding of Patinex AG in SCOR (i.e. …

SCOR Receives License to Operate as Local Brazil Reinsurer

France’s SCOR announced the creation of a local entity in Brazil, SCOR Brasil Resseguros SA (SCOR Brasil Re), following receipt of a license to operate as a Local Reinsurer granted by the Brazilian insurance authority SUSEP on August 26th, 2014. …