Heightened demand and higher prices contributed to a 6% increase in net premiums written in 2022 (when measured in USD) by Europe’s Big Four reinsurance groups—Munich Re, Hannover Re, Swiss Re and SCOR—according to a new AM Best report.
Tag: SCOR
SCOR Announces NZIA Withdrawal
Global insurer SCOR is withdrawing from the Net-Zero Insurance Alliance (NZIA).
Scor Looks to Build P&C Business to 60% of Total
French reinsurer Scor wants to build its property and casualty (P&C) business back up to 60% of its total business, with life and health at 40%, Chief Executive Laurent Rousseau said at the Reuters Future of Insurance Europe conference on Friday. The split reverses the trend of recent years but higher premium rates in the… Continue reading Scor Looks to Build P&C Business to 60% of Total
SCOR Absorbs Impact of COVID-19 Crisis in H1 2020, Demonstrates Resilience
SCOR is demonstrating its capacity to absorb the impact of the Covid-19 crisis, both operationally and financially. SCOR has been proactive in taking immediate actions to help stop the spread of the pandemic. The Group adopted early and strict prevention measures to protect the health of its employees and has been active in regularly… Continue reading SCOR Absorbs Impact of COVID-19 Crisis in H1 2020, Demonstrates Resilience
SCOR Acquires A Majority Stake in AgroBrasil
SCOR acquires control of AgroBrasil Administração e Participações Ltda (“AgroBrasil”), Brazil’s family-owned leading Managing General Agent distributing fruit and grain loss of crop quality and yield insurance protection to Brazilian farmers. This transaction marks an important milestone in SCOR’s Specialty Insurance strategy: As part of its “Quantum Leap” strategic plan, SCOR committed to developing a… Continue reading SCOR Acquires A Majority Stake in AgroBrasil
SCOR Rejects “Unfounded” Calls for Kessler to Leave Board
French reinsurer SCOR has called on its shareholders to reject a draft resolution that was presented by investment management firm CIAM yesterday, which recommended that Denis Kessler be removed from the Board of SCOR. CIAM contended that Kessler should step down from his role as Chairman of SCOR and continue as CEO without a Board… Continue reading SCOR Rejects “Unfounded” Calls for Kessler to Leave Board