Scor News
Persistent ‘Underperformance’ at SCOR Prompts S&P Downgrade to A+
S&P Global Ratings announced that the rating agency is lowering the AA- financial strength and long-term issuer credit ratings for global reinsurer SCOR SE and its operating subsidiaries, ...
Executives on the Move at Liberty Mutual, Everest Reinsurance, SCOR
Liberty Mutual Insurance announced appointments to two newly created roles in its Global Risk Solutions (GRS) Office of Underwriting. Effective Sept. 26, Julia Chu will join as head of Underwriting ...
Reinsurer SCOR Reports H1 Loss of $242M Blamed on Ukraine War, Natural Disasters
Reinsurer SCOR reported a first-half loss attributed to the war in Ukraine, natural catastrophes and the severe drought in Brazil. The H1 loss of €239 million (US$242.6 million), compares with net ...
SCOR Warns of Ukraine Conflict Impact on Q1 2022 Results
In a media statement Friday, Paris-based SCOR said the company expects a first-quarter 2022 charge in the high double-digit EUR million range for potential claims related to the Russia-Ukraine ...
Executives on the Move at SCOR, Hamilton Re, ISC
SCOR has appointed Yves Cormier as head of Investor Relations, effective Jan. 17. He will be based in London and report to Ian Kelly, group chief financial officer. Cormier joins SCOR from ...
InsurTech Lessons From ITC: Take the Stock App Off Your Phone
Alex Timm, the chief executive officer of Root, has some advice for InsurTechs that go to the public markets: "You cannot let the stock price or Wall Street tell you what your value is." When ...
How Reinsurers’ Results Rebounded in First Half 2021 from 2020
The first half financial results reported by a group of six reinsurers over the past week generally show a strong return to profits after last year's challenging market conditions. A wrap-up of these ...
Aon Cell Company + 8 Reinsurers Back Lloyd’s Central Fund; $900M Cover
Late last week, Lloyd's announced that the marketplace has secured a five-year £650 million (roughly $900 million) reinsurance cover for its Central Fund—a move should protect against severe tail ...