SCOR SE

SCOR’s Combined General Meeting of 25 May 2023: SCOR shareholders adopt all the proposed resolutions

Retrieved on: 
Thursday, May 25, 2023

All the resolutions proposed by the Board of Directors were approved by the General Meeting.

Key Points: 
  • All the resolutions proposed by the Board of Directors were approved by the General Meeting.
  • The General Meeting approved the appointment of SCOR SE CEO Thierry Léger as a director of SCOR SE.
  • The General Meeting ratified the provisional appointment of Martine Gerow as a director.
  • Finally, the General Meeting approved the payment of a dividend of EUR 1.40 per share for the 2022 financial year.

AM Best Downgrades Credit Ratings of SCOR SE and Its Main Operating Subsidiaries

Retrieved on: 
Thursday, March 9, 2023

AM Best has downgraded the Financial Strength Rating (FSR) to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a+” (Excellent) from “aa-” (Superior) of SCOR SE (SCOR) (France) and its main operating subsidiaries.

Key Points: 
  • AM Best has downgraded the Financial Strength Rating (FSR) to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a+” (Excellent) from “aa-” (Superior) of SCOR SE (SCOR) (France) and its main operating subsidiaries.
  • Concurrently, AM Best has downgraded the Long-Term Issue Credit Ratings (Long-Term IRs) on SCOR’s outstanding rated instruments.
  • The rating downgrades reflect the deterioration in SCOR’s operating performance, which is no longer considered supportive of AM Best’s previous strong assessment.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .

AM Best Revises Outlooks to Negative and Affirms Credit Ratings of SCOR SE and Its Main Operating Subsidiaries

Retrieved on: 
Friday, September 30, 2022

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of aa- (Superior) of SCOR SE (SCOR) (France) and its main operating subsidiaries.

Key Points: 
  • AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of aa- (Superior) of SCOR SE (SCOR) (France) and its main operating subsidiaries.
  • Concurrently, AM Best has revised the outlooks to negative from stable and affirmed the Long-Term Issue Credit Ratings (Long-Term IRs) on SCORs outstanding rated instruments.
  • The Credit Ratings (ratings) reflect SCORs balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, very favourable business profile and very strong enterprise risk management.
  • The negative outlooks reflect pressure on SCORs operating performance assessment, following elevated losses in recent periods affecting the non-life and life books of business.

Reinsurance Providers Global Market Opportunities and Strategies Report 2022 - ResearchAndMarkets.com

Retrieved on: 
Friday, August 5, 2022

The "Reinsurance Providers Global Market Opportunities And Strategies To 2031" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Reinsurance Providers Global Market Opportunities And Strategies To 2031" report has been added to ResearchAndMarkets.com's offering.
  • The reinsurance providers market is segmented by type into property and casualty reinsurance providers and life and health reinsurance providers.
  • The property and casualty reinsurance providers market was the largest segment of the reinsurance providers market segmented by type, accounting for 70.2% of the total in 2021.
  • The top opportunities in the reinsurance providers market segmented by type will arise in the general property and casualty reinsurance providers and life and health reinsurance providers, which will gain $756.56 million of global annual sales by 2026.

Life and Health Reinsurance Global Market Report 2022 - ResearchAndMarkets.com

Retrieved on: 
Friday, June 24, 2022

The "Life And Health Reinsurance Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Life And Health Reinsurance Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
  • Life And Health Reinsurance Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global life and health reinsurance market as it emerges from the COVID-19 shut down.
  • The Life And Health Reinsurance market global report answers all these questions and many more.
  • It compares the life and health reinsurance market with other segments of the life and health reinsurance market by size and growth, historic and forecast
    5.1.

Global Reinsurance Market Report 2022 - Focus on Property & Casualty Reinsurance and Life & Health Reinsurance - ResearchAndMarkets.com

Retrieved on: 
Friday, June 17, 2022

The "Reinsurance Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Reinsurance Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
  • Major companies in the reinsurance market include Munich Re, SWISS Re, Hannover Re, Talanx, SCOR SE, Berkshire Hathaway Inc., China Reinsurance (Group) Corp, Lloyd's of London, Axa Group, Reinsurance Group of America Inc.
  • The reinsurance providers market is segmented into property & casualty reinsurance, and life & health reinsurance.
  • The main types of reinsurance are property and casualty reinsurance, life and health reinsurance.

Global Reinsurance Markets, 2022-2026: Market is Poised to Grow by $328.62 Billion - Emergence of New Products in the Market - ResearchAndMarkets.com

Retrieved on: 
Friday, May 13, 2022

The reinsurance market is poised to grow by $328.62 bn during 2022-2026, accelerating at a CAGR of 10.1%

Key Points: 
  • The reinsurance market is poised to grow by $328.62 bn during 2022-2026, accelerating at a CAGR of 10.1%
    The market is driven by increasing awareness of insurance products in emerging markets, increasing geriatric population, and the emergence of new products in the market.
  • This study identifies the fluctuating interest rates of reinsurance premium as one of the prime reasons driving the reinsurance market growth during the next few years.
  • The report on the reinsurance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
  • The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment.

Everspan Partners with Branch to Enhance Branch’s Geographic Expansion

Retrieved on: 
Tuesday, February 22, 2022

Everspan Insurance Company ("Everspan"), Rated A- (Excellent) by AM Best and part of Everspan Group, today announced a partnership with Branch Financial (Branch).

Key Points: 
  • Everspan Insurance Company ("Everspan"), Rated A- (Excellent) by AM Best and part of Everspan Group, today announced a partnership with Branch Financial (Branch).
  • Everspan has the insurance expertise and financial backing that will enable Branch to continue our record growth, providing industry-leading service to new customers, said Steve Lekas, Cofounder and CEO of Branch.
  • Since launching in 2019, Branch has expanded at an unprecedented speed while helping members save an average of $548 a year.
  • Branch is underwritten by the Branch Insurance Exchange, Everspan Group and General Security National Insurance Company (GSNIC) and backed by SCOR SE.

January 2022 P&C Renewal Results - SCOR takes full advantage of the hardening P&C reinsurance market at January 1, 2022, delivering 19% premium growth

Retrieved on: 
Tuesday, February 8, 2022

Unless otherwise specified, the sources for the business ranking and market positions are internal.

Key Points: 
  • Unless otherwise specified, the sources for the business ranking and market positions are internal.
  • This document includes forward-looking statements and information about the objectives of SCOR, in particular, relating to SCORs current or future projects.
  • All figures are based on available information as of January 21, 2022 unless otherwise specified.
  • 1 Exchange rates at December 31st, 2021
    2 Excluding one large transaction in Europe, and SCORs 3rd party capital provision business at Lloyds (SUL)

Branch Launches Six New States As It Continues the Fastest Home and Auto Rollout

Retrieved on: 
Wednesday, January 12, 2022

These states join a robust roster of 19 states where consumers can now purchase Branch's frictionless home and auto insurance.

Key Points: 
  • These states join a robust roster of 19 states where consumers can now purchase Branch's frictionless home and auto insurance.
  • With the new states, Branch is now available to more than 140 million eligible Americans, with plans to be nationally available in 2022.
  • Since launching in 2019, Branch has expanded at an unprecedented speed while helping members save an average of $548 a year.
  • Branch is underwritten by the Branch Insurance Exchange and General Security National Insurance Company (GSNIC) and backed by SCOR SE, all A-rated insurance entities.