All the headlines from our SCOR SE Topic Page, ordered by recency.
Dec 10 2002 // Denis Kessler, who recently took over as CEO of France’s SCOR Group, told delegates attending the Les Entretiens de l’Assurance Conference in Paris that the insurance industry would weather the current storms...
Dec 2 2002 // France’s SCOR Group has confirmed that it has signed a “definitive agreement” with its banking syndicate setting out the principal terms and conditions for the renewal, “for the year 2003, of a...
Nov 25 2002 // A.M. Best announced that it has lowered the financial strength rating of French reinsurer SCOR and its subsidiaries from A (Excellent) to A- (Excellent), and will keep all of the group’s ratings under review with...
Nov 25 2002 // Asbestos, the weak equity markets and Sept. 11 have indirectly claimed another victim. Gerling-Konzern Globale Ruckversicherungs—AG (GKG), the reinsurance arm of Germany’s Gerling Group, announced at the end of...
Nov 25 2002 // Asbestos, the weak equity markets and Sept. 11 have indirectly claimed another victim. Gerling-Konzern Globale Ruckversicherungs—AG (GKG), the reinsurance arm of Germany’s Gerling Group, announced at the end of...
Nov 5 2002 // In a sudden, but not totally unexpected, move France’s SCOR Group announced that Denis Kessler would replace Jacques Blondeau as Chairman and CEO.The change follows a profit warning that SCOR expects a 250 million...
Nov 1 2002 // France’s SCOR Group, which recently warned that it expected to post a net loss of around 250 million Euros ($247 million) for 2002 (See IJ Website Oct. 30), responded to the actions of the various rating agencies...
Oct 30 2002 // France’s SCOR Group, the world’s 8th largest reinsurer, issued a profit warning today, stating that: “a net loss estimated at around EUR 250 million [$246 million] is expected for the full year...
Oct 29 2002 // Fitch Ratings announced that it will maintain its ‘A+’ insurer financial strength (IFS) rating of SCOR Group, and the ‘A’ Long-term and the ‘F1’ Short-term ratings of SCOR, but will keep...
Oct 22 2002 // Standard & Poor’s Ratings Services announced that it has lowered its long-term insurer financial strength and counterparty credit ratings on France’s SCOR and its subsidiaries to single-‘A’...
Sep 30 2002 // France’s SCOR Group announced that it has called a special meeting of its The Board of Directors for November 5 to consider a capital increase of around 400 million euros ($393.4 million). The increase would enable...
Sep 27 2002 // A.M. Best announced that it has affirmed the “A (Excellent)” financial strength rating of France’s SCOR Group with a stable outlook. “The affirmation reflects SCOR’s maintenance of excellent...
Sep 24 2002 // Standard & Poor’s announced that its ratings on Gerling-Konzern Globale Ruckversicherungs-AG (GKG) and related entities will “remain on CreditWatch with developing implications,” and that its...
Sep 23 2002 // France’s SCOR Group announced that it has broken off talks with Germany’s Gerling Group to acquire its life reinsurance operations, and certain non-life activities, “due to current capital market...
Sep 5 2002 // Standard & Poor’s announced that it has lowered its long-term counterparty credit and insurer financial strength ratings on Germany’s Gerling-Konzern Globale Ruckversicherungs-AG (GKG), the reinsurance arm...
Sep 4 2002 // SCOR, France’s largest reinsurer, reported that its 1st half net income had dropped 58 percent to € 21 million* from € 50 million* in the same period last year, due to the now familiar problem of declining equity...
Aug 8 2002 // For the first six months of the year French reinsurer SCOR registered a robust 16 percent rise in premium income at constant exchange rates. The company attributed the rise to improving non-life reinsurance rates and the...
Apr 17 2002 // Argonaut Group, Inc. announced that it has reached an agreement with SCOR Group to acquire the renewal rights and certain other assets of SCOR subsidiary Fulcrum Insurance Company, an excess and surplus lines’...
Jan 28 2002 // On Jan. 3, French reinsurer SCOR Group launched the second installment of its innovative Atlas Re catastrophe bond, with technical analysis and parameters provided by Newark, Calif.-based Risk Management Solutions (RMS)...
Jan 16 2002 // France’s SCOR announced that a late surge in claims that emerged at the end of the year has led to a downward revision of its earnings estimate for 2001. The company stated that, “In view of the combined impact...