NicoElNino/Shutterstock.com_2045498015

16 July 2024Reinsurance

SCOR adds mass of L&H reserves, scuttles FY profit targets

Global reinsurance group SCOR ran an additional round of reserving against its life and health book following worrying trends visible in Q1, driving the segment to a Q2 underwriting loss around €0.4 billion, then warned that more bad news could yet be in store.

Already registered?

Login to your account

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 Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Ascot to hold reinsurance buying steady for 2026 despite softer market

19 March 2026 Re/insurer to tighten portfolio control, stay flexible for the next big shift.

Big Four European reinsurers post record ROE in 2025, 2026 outlook weakens

19 March 2026 Reinsurers convert strong earnings into reserve strength, Fitch flags deteriorating outlook.

Swiss Re expands longevity reinsurance with $2bn US retiree deal

18 March 2026 First US transaction with Athene highlights growing pension risk transfer demand.

More articles

Central, eastern US hit again by SCS; losses may exceed $1bn

Lloyd’s CEO hints at future role on Strait of Hormuz insurance solution

Marsh Risk launches excess casualty offering in Bermuda

Liberty Mutual reshuffles GRS underwriting leadership with senior promotion

Lloyd’s boss confirms end of ‘courageous’ but costly Blueprint Two

Lockton expands EMEA transaction liability team with senior hires

Peak-loss year may send cat losses to $320bn in 2026: Swiss Re Institute

MS Amlin Syndicate 2001 boosts GWP to $2.9bn, trims CoR

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze