SCOR launches bold turnaround plan after L&H setbacks; ‘disappointed’ CEO Léger takes charge

Global reinsurance giant SCOR has launched a strategic action plan to restore profitability and parted ways with its CEO of life & health (L&H) which significantly dragged down its second quarter 2024 results, culminating in a net loss. Group CEO has taken matters into his own hands by assuming the additional role to personally oversee the turnaround, focusing on reserves, in-force management, and new business.