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Insurance
Because of existing earnings pressure due to a soft market and low interest rates, all major reinsurers will shed business if there are further rate decreases in the upcoming renewals season, Benjamin Gentsch, deputy chief executive officer, SCOR, told Monte Carlo Today. 14 September 2016
Insurance
Activist investor CIAM has criticised SCOR’s Quantum Leap strategy, launched in early September, as “nothing innovative”, claiming it “mainly relies on new accounting standards (IFRS17) to revalue the reinsurer by 2021, without significant intrinsic value creation”. 30 September 2019
Insurance
SCOR reported an increase in GWP in its financial results for the first half of 2016 but suffered a significant fall in its net income. 27 July 2016
Insurance
Profits at SCOR fell in the first nine-months of 2016 thanks to a higher number of natural catastrophes and a challenging macroeconomic environment. 27 October 2016
Insurance
SCOR has been granted R2 authorisation by the Insurance Regulatory and Development Authority of India (IRDAI), which allows it to open a composite branch office in India to conduct life and property/casualty (P&C) reinsurance business. 9 November 2016
Insurance
Berkshire Hathaway Specialty Insurance (BHSI) is expanding into the property construction insurance market in the UK and Ireland. 17 January 2019
Insurance
Underwriting profits rise, but can’t fully hide a run-up in attritional loss ratios. 23 August 2022
News
Reinsurer SCOR has appointed Nicolas Tissot as the group’s chief operating officer (COO). 1 September 2015
Insurance
The proceedings relate to Covéa’s unsolicited takeover proposal for SCOR. 3 February 2020
Insurance
SCOR has drawn up a new three-year strategic plan, which it said focuses on enhancing its profitability and solvency. It also targets a solid period of growth for the company, partly driven by the US expansion of its property/casualty 8 September 2016
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