Reinsurance News
SCOR news
News on one of the world’s largest reinsurance companies, France headquartered SCOR.
SCOR is one of the leading global reinsurance company’s and our news covers SCOR’s news announcements, people moves, results and financial performance, as well as analysis of reinsurance market trends and interviews.
French reinsurer SCOR placed under examination for facts alleged against former CEO Kessler
4th April 2025
French reinsurance company SCOR has been placed under examination for facts alleged against Denis Kessler, its former Chairman and CEO, related to alleged attempts by an association to obstruct the takeover of Bermuda-based reinsurer PartnerRe by the Covéa group in 2022. According to reports, SCOR, one of Europe's big four reinsurance ... Read the full article
Big four to deliver earnings growth in 2025 despite LA wildfire losses: Moody’s
1st April 2025
Despite sizable claims from the LA wildfires in January, Moody's anticipates strong earnings prospects for the four largest European reinsurers, Munich Re, Swiss Re, Hannover Re, and SCOR, in 2025, driven by persistently strong demand for reinsurance and robust investment returns. According to Moody's, the LA wildfire losses, estimated at between ... Read the full article
SCOR posts solid P&C performance as FY’24 net income falls on L&H assumption review
5th March 2025
French reinsurer SCOR generated net income of €233 million in the fourth quarter of 2024, up 43.2% on the comparable prior year quarter, as gross written premiums (GWP) across the Group increased by 2.5% to €5.1 billion, driven by growth in property and casualty (P&C). SCOR's solid Q4 2024 performance has ... Read the full article
SCOR backs major renewable energy project developed by Terra-Gen
25th February 2025
French reinsurer SCOR backs the Edwards Sanborn Solar and Battery Storage Project in Kern County, California, developed by Terra-Gen, underscoring its commitment to renewable energy and a sustainable future. Construction of the Edwards Sanborn solar facility, covering over 4,600 acres, began in 2020. Its initial phases became operational in 2022 and ... Read the full article
SCOR names Vikas Mahajan as Head of Agriculture as René Kunz retires
25th February 2025
French reinsurer SCOR has appointed Vikas Mahajan as the Head of Agriculture for its Property & Casualty (P&C) unit, effective May 1st, 2025, as René Kunz's retires after two decades in the role. Mahajan will be based in Zurich and join the Reinsurance Specialty Lines management team, reporting directly to the ... Read the full article
Schaefer named Global Head of Casualty & EIL at SCOR Business Solutions
5th February 2025
French reinsurer SCOR has appointed Holger Schaefer as Global Head of Casualty & EIL, within SCOR Business Solutions, as of 1st March 2025. He will replace Daniel Carerras, who took on the role of Chief Underwriting Officer, Casualty, across Insurance and Reinsurance in 2024. Schaefer is tasked with leading the teams across ... Read the full article
SCOR sees LA wildfire impact as manageable at roughly quarterly cat budget for Q1: Conoscente
4th February 2025
Jean-Paul Conoscente, CEO of P&C at SCOR, one of Europe's big four reinsurers, said today that the impact of the Los Angeles wildfires should be around a quarterly natural catastrophe budget for Q1 for the firm, emphasising that the event will act as a floor to the drop of cat ... Read the full article
SCOR achieves premium growth of 9.6% at Jan 1 reinsurance renewals with stable T&Cs
4th February 2025
French reinsurer SCOR grew its estimated gross premium income (EGPI) 9.6% at the January 1st, 2025, reinsurance renewals, with expansion across all three business segments, driven by alternative solutions and specialty lines. Approximately 64% of the firm's property and casualty (P&C) reinsurance premiums, representing around 50% of SCOR's total P&C premiums, ... Read the full article
Arta Nasradini appointed Head of Aviation at SCOR P&C
27th January 2025
French reinsurer SCOR has announced the addition of Arta Nasradini to its Reinsurance Specialty Lines management team as Head of Aviation at SCOR P&C, with effect from February 1st, 2025. Nasradini brings a wealth of experience in underwriting aviation risks, having most recently led the DACH Aerospace portfolio team at global ... Read the full article
AM Best removes SCOR’s ratings from under review
23rd January 2025
AM Best has removed SCOR's ratings from under review with developing implications following the completion of its impact assessment of the French reinsurer's life reserving review. The rating agency has additionally affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent) of SCOR ... Read the full article
Henry Mummé-Young named CUO of SCOR UK & Active Underwriter for SCOR Syndicate
20th January 2025
French reinsurer SCOR has announced the appointment of Henry Mummé-Young as Chief Underwriting Officer (CUO) for SCOR UK and Active Underwriter for SCOR Syndicate 2015. Mummé-Young succeeds Marie Biggas, who has been promoted to the role of CUO SCOR Business Solutions & FAC. He will report to Chris Beazley, CEO of SCOR ... Read the full article
Re/insurance pricing could firm after unexpected wildfire losses: Berenberg
15th January 2025
The severity of the ongoing California wildfires is expected to drive insurance industry losses of more than $20 billion, with some estimates even hitting or exceeding the $40 billion mark, which analysts at investment bank Berenberg believe could cause pricing to firm. In a recent note, Berenberg analysts focus on re/insurers ... Read the full article
Julia Willberg named Global Head of Cedant Fac Underwriting for SCOR P&C
7th January 2025
French reinsurer SCOR has announced the appointment of Julia Willberg as Global Head of Cedant Facultative Underwriting for SCOR P&C and a member of the P&C Management Team. In a recent LinkedIn post, SCOR noted, “Julia brings a wealth of experience from over 25 years in the insurance industry, having led ... Read the full article
SCOR maintains ROE assumption above 12%, reserve adequacy confirmed by external reviewers
12th December 2024
French reinsurer SCOR has confirmed its core targets over 2025-2026, maintaining a return on equity (ROE) assumption above 12% for the period, while its Group reserve adequacy has been confirmed by external independent reviewers. SCOR presented its new Life & Health (L&H) strategy and updated Forward 2026 strategic plan at its ... Read the full article
SCOR backs climate prediction market initiative
28th November 2024
French reinsurance giant SCOR's corporate foundation is backing an initiative led by Lancaster University Management School (LUMS) to use prediction markets to combine diverse forecasts of future climate into unified predictions, potentially providing a new mechanism for funding climate research. A collaboration between researchers at LUMS and the University of Exeter’s ... Read the full article
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