Swiss Re struggles to find profitable growth opportunities
SCOR reveals potential share buyback scheme in 2016 results
France’s reinsurer SCOR is searching for opportunities to deploy its excess capital which is set to grow further through the ongoing merger of its units and is unlikely to be squeezed by a qualification of SCOR as a systemically important financial institution.
SCOR has said that its solvency ratio now stands at a high level, above the optimal range, meaning it has surplus capital available. It said the level of excess capital above the optimal range is approximately €200 million as at 31 December 2016.
The company’s solvency ratio was at 225 percent at the end of 2016 while its optimal target ranges between 180 and 220 percent.
“The principle use of potential capital will come from the property/casualty (P&C),” says CFO Mark Kociancic during the company’s 2016 results presentation.
SCOR, Reinsurance, P&C, Life Reinsurance, Mark Kociancic, Victor Peignet, Paolo De Martin, Denis Kessler, Europe, North America, Asia Pacific