SCOR faces another downgrade as concerns over performance mounts

10-03-2023

SCOR faces another downgrade as concerns over performance mounts

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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.


SCOR, AM Best, Downgrade, Performance, Ratings, Underwriting, Risk management, S&P, Moody's, Fitch, Insurance, Reinsurance

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