Hiscox the biggest European P&C faller in H1Shares in London-listed Hiscox shed almost 45 percent of their value in the first six months of the year, the largest decline among European carriers covered by this publication.
Scor faces second quarter “headwinds”: KBWFrench reinsurance powerhouse Scor faces “multiple headwinds” in the second half of 2020 on the back of Covid-19 losses, natural catastrophes and lower yields, KBW has said.
Q2 a “material catalyst” for Scor shares: JefferiesThe second quarter of 2020 could prove to be a “material catalyst” for Scor with the bulk of the French reinsurer’s Covid-19-related US life insurance claims expected to be recorded over the period, according to investment bank Jefferies.
S&P affirms Scor’s AA- ratings on sufficient capital buffer against Covid-19 lossesS&P Global Ratings has affirmed Scor’s AA- financial strength and issuer credit ratings, citing the Paris-headquartered reinsurer’s sufficient capital to resist Covid-19-related losses.
Scor considering both internal and external candidates for Kessler successorScor is considering both internal and external candidates to succeed long-serving chairman and group CEO Denis Kessler with the French reinsurer committing to presenting its succession plan “well in advance” of its 2021 annual general meeting.
Scor sheds early gains to lead red week for European P&C stocksShares in Paris-headquartered Scor shed over 11 percent in a widespread red week for European P&C stocks fuelled by renewed fears over the impact of the coronavirus pandemic.
Scor sheds 11% in week of renewed CIAM activismShares in Paris-headquartered Scor are currently trading over 11 percent down for the week after activist investor CIAM reignited its war-of-words against the French reinsurer with the release of a 32-page whitepaper calling for further reform of the carrier’s governance practices.
Scor’s Channel Syndicate looks to Lloyd’s and Inter Hannover for senior hiresScor’s Channel Syndicate has named Christian Stanley as head of underwriting insight and Christianna Vandoorne as head of terrorism and political violence in a series of senior management changes at the French reinsurer’s London specialty insurance platform.
CIAM calls for Kessler to outline succession planning as Scor fires backThe war-of-words between CIAM and French reinsurer Scor continues to rage on, with the activist investor publishing a 32-page whitepaper entitled ‘The Acute Need for a Clear Succession Plan’.
Scor, R&Q and Travelers add their support to civil rights movementExecutives from French reinsurer Scor, UK-based legacy and programs specialist R&Q and US-giant Travelers have added their support to the civil rights movement that has arisen across the US and reiterated their commitment to diversity and inclusion.
Scor latest (re)insurer to join UN’s Net Zero carbon initiativeScor has joined the growing list of (re)insurance companies who have committed to pulling back from investing in thermal coal by signing up to the Net-Zero Asset Owner Alliance.
HSCM and Scor support States Title’s $123mn Series C roundHudson Structured Capital Management (HSCM) and Scor Global P&C Ventures have both given their support to States Title’s $123mn Series C financing round.
Scor shares trade up amid P&C sell-off in Europe and USFrench reinsurer Scor was the biggest outlier as investors on both sides of the Atlantic sent P&C stocks sliding Wednesday, with a dozen US-listed shares falling at least five percent.
Scor shares up on news of $9bn Covéa-PartnerRe deal break-downAmidst a sea of red, Scor’s under-pressure shares were a rare flash of green on European traders’ screens today as they were up 4.5 percent by midday CET.
A Scor to settle?Exor and Covéa appear in disagreement about who walked away from a PartnerRe deal where the financial metrics had been transformed by Covid-19. Could another Gallic carrier be involved in the next chapter?
Former Scor CEO François Négrier dies aged 91François Négrier, who was chief executive officer of French reinsurer Scor from 1974 to 1993, passed away on 1 May 2020, at the age of 91.
Scor handed negative outlook by Moody’s on virus mortality exposuresScor has been handed a negative outlook by Moody’s with the ratings agency citing the reinsurer’s vulnerability compared to its peers in a stress scenario of higher mortality claims arising from the coronavirus pandemic.
Scor surges 28% in April to lead European P&C stocksShares in French reinsurer Scor surged in April to lead The Insurer’s universe of European-listed carriers with its stock up almost 30 percent last month after the near-indiscriminate March equities rout.
Scor shares lose early gains as Q1 results avoid material Covid-19 impactShares in French reinsurer Scor were up nearly 6 percent in early trading before shedding its gains to trade flat by mid-morning despite the Paris-headquartered carrier reporting a consensus beating set of Q1 results.
Scor P&C posts Q1 94.5% combined ratioParis-headquartered tier one reinsurer Scor has delivered a combined ratio that was relatively flat at 94.5 percent in its P&C division for the first quarter.