Scor

Euro reinsurers’ Covid losses to be worse than expected: KBW

The big four European reinsurers face further deterioration in Covid-19 losses in their third-quarter results, according to Keefe, Bruyette & Woods (KBW) analysis, with the quartet also forecast to exceed Q3 catastrophe budgets following an “active quarter” for nat cats.

Scor Reinsurance Asia-Pacific adds Shah to board

Scor Reinsurance Asia-Pacific (SRAP) has named Hitesh Shah as an independent non-executive director.

Scor Global P&C shuffles reinsurance leadership as market improves

Scor Global P&C has reshuffled several of its senior leadership roles and made a host of appointments to improve the company’s ability to take advantage of the various market movements currently underway.

Scor syndicate participation capacity to remain in triple digit million-pound range

Scor is set to maintain a triple digit million-pound premium through its portfolio of Lloyd’s syndicate participations in 2021, The Insurer understands.

Scor XoL renewal goes out to market; points to 1.1 2021 retro market up 15-20%

The Scor XoL retro renewal has finally gone to market in what will be closely watched as a bellwether for the state of the wider retro markets ahead of the 1.1 renewals.

Streaming now on The ReInsurer TV!

As part of our REinsurance Month coverage we are conducting a series of video interviews to get the views of industry leaders on the latest topics and trends in the lead-up to the 1 January renewal.

Scor share price leaps as investors warm to reinsurer’s 2021 outlook

Scor’s share price closed up 11 percent yesterday as the market responded strongly to the company’s messages at its annual investor day.

Scor: Covid-19 to restore P&C growth and 95% CR in 2021

Ahead of its annual investor day, Scor has updated its 2021 financial forecasts and now says it expects its P&C combined ratio to trend down to 95 percent or lower.

Scor names Gay as Canadian CUO

Scor has appointed Olivier Gay as chief underwriting officer for its Canadian reinsurance business, with the executive moving from his current role in Singapore to Toronto.

European big four eye hard market opportunities after $4.2bn H1 Covid-19 hit

Europe’s big four reinsurers booked close to $4.2bn of Covid-19 P&C claims between them during the first half of 2020, but the majority of the reserves remain IBNR with only a small portion of claims notified.

Beirut: Low to mid multi-billion loss likely but information scarce amidst chaos

Despite the chaos and information void regarding the scale of damage and causation factors from the devastating 4 August Beirut Port explosion, early indications are that industry losses could be in the region of $4bn-6bn with distribution affecting global reinsurers and specialty lines including marine and cargo.

Scor sheds 4% in Euro red week as US-China tensions weigh on sentiment

Shares in Paris-headquartered Scor fell more than 4 percent in a widespread red week for European P&C stocks, fuelled by renewed fears over the impact of the coronavirus pandemic and escalating diplomatic tensions between the world’s two largest economies.

Scor’s Conoscente bullish on 1/1 reinsurance price hikes

Scor is anticipating a hike in European non-life reinsurance price increases at the important 1 January 2021 renewals, according to the French reinsurer’s chief executive of Global P&C Jean-Paul Conoscente.

Scor’s Kessler backs pan-European pandemic solution

Scor chairman and group CEO Denis Kessler said he would favour a pan-European pandemic scheme to cover future business interruption losses, rather than any national plan, as the French reinsurer swung to a quarterly loss.

Scor posts Eur456mn pandemic loss and 110% Q2 P&C combined ratio

Scor reported net Covid-19 pandemic related losses of Eur456mn ($528.5mn) in the second quarter of 2020.

HSCM and Scor support Branch’s $24mn Series A funding round

Home and auto insurtech Branch has closed a $24mn Series A funding round that was co-led by Hudson Structured Capital Management (HSCM) and which also saw Scor Global P&C make an inaugural investment in the platform.

Markets Review: Scor leads green week for Euro P&C stocks

European stocks rose cautiously last week with French reinsurer Scor leading the gains as European Union leaders discussed a deal on the bloc’s key coronavirus recovery package, while US cases continued to develop.

Scor and Covéa in spotlight as watchdog urges separation of chair and CEO role

The French financial watchdog has urged insurers to split the roles of chairman and CEO as part of a broader push to improve governance practices amongst financial services and in a move which takes aim at Scor’s Denis Kessler and Covéa’s Thierry Derez.

Wall Street climbs on coronavirus vaccine hopes

US equities extended gains on Wednesday as investor optimism about a coronavirus vaccine grew while also keeping a close eye on rising political tensions between Washington and Beijing.

Scor wins European trademark battle with Lithuanian consultancy

A Lithuanian company has been blocked by the European General Court from registering its logo as an EU trademark, in a victory for French reinsurance company Scor.

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