Swiss Re struggles to find profitable growth opportunities
24-02-2017
SCOR reveals potential share buyback scheme in 2016 results
22-02-2017
Source: SCOR
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.
The rest of this article is locked for subscribers only. Please login to continue reading.
If you don't have a login, you will need to purchase a subscription to gain access to this article, including all our online content. Please use this link and follow the steps.
To request a FREE 2-week trial subscription, use the same link but select the 'trial' option in the dropdown box. NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
SCOR, Reinsurance, P&C, Life Reinsurance, Mark Kociancic, Victor Peignet, Paolo De Martin, Denis Kessler, Europe, North America, Asia Pacific
