SCOR faces another downgrade as concerns over performance mounts

Ratings agency AM Best is the latest to question the “poor underwriting performance” of global reinsurance giant SCOR in light of its sizable full year loss in 2022, following a tone set by its peers S&P, Fitch and Moody’s in the past few months. AM Best has downgraded the financial strength rating of SCOR to A from A+ citing its concerns over the group’s underwriting and risk management capabilities.