All the headlines from our SCOR SE Topic Page, ordered by recency.
May 25 2007 // France’s SCOR Group may be complaining about the recently negotiated WTC settlement (See related article in National), but it certainly isn’t complaining about the French reinsurer’s first quarter...
May 24 2007 // Reinsurer SCOR has asked that the recent $2 billion settlement of World Trade Center claims between Silverstein Properties and several insurers be sent to arbitration because it believes that the terms with one of the...
May 15 2007 // A.M. Best Co. has placed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit ratings (ICR) of “a-” of France’s SCOR Group and its rated subsidiaries under review with...
May 11 2007 // In two separate announcements Standard & Poor’s Ratings Services said it doesn’t contemplate making any changes in its ratings on Converium AG or France’s SCOR Group, following the announcement that...
May 10 2007 // Somebody at SCOR must have seen “The Godfather” recently, as the French reinsurer finally made Converium an offer it couldn’t refuse. After nearly three months of wrangling and battling press releases the...
Apr 19 2007 // The announcements from Converium have featured a lot of three’s lately. The Swiss reinsurer’s latest bulletin notes that it “triples income from continuing operations in the first quarter of 2007.”...
Apr 17 2007 // Converium’s management fired another salvo in its ongoing battle to prevent a takeover by France’s SCOR Group (See IJ web site April 16). The Swiss-based reinsurer has filed a lawsuit in the U.s. Court for the...
Apr 16 2007 // The management of Swiss-based reinsurer Converium issued a bulletin urging its shareholders to reject the offer by France’s SCOR Group, which has already acquired a 32.9 percent stake in Converium (See IJ web site...
Apr 6 2007 // France’s SCOR Group announced a 92 percent increase in net income for 2006 to €252 million ($338 million) before, what the report termed, “badwill” linked to the acquisition of Revios.Essentially the...
Apr 6 2007 // Almost concurrently with the announcement of SCOR’s greatly improved 2006 results (See above article), Swiss-based Converium issued a bulletin, which indicated the presentation “included information which could...
Mar 21 2007 // Swiss-based Converium confirmed it has achieved its medium-term ROE target of 14 percent, which, it also said highlights the “under valuation of the current SCOR offer” (See IJ web site March...
Mar 12 2007 // Royal Sun, Arrowpoint CapitalDelaware Insurance Commissioner Matthew Denn conditionally approved a management buyout of Royal and Sun Alliance Insurance Group’s U.S. operations. Denn ruled that there is no legal or...
Feb 27 2007 // France’s SCOR Group opened a new front in its bid to acquire Swiss-based reinsurer Converium (See IJ web site Feb.19). SCOR followed its acquisition of 32.9 percent of Converium’s shares with a hostile offer to...
Feb 22 2007 // In separate bulletins A.M. Best Co. stated its position on the ratings of France’s SCOR Group and Converium AG following the announcement that SCOR was seeking to take over the Swiss-based reinsurer (See IJ web site...
Feb 19 2007 // France’s SCOR Group announced that it has acquired 32.9 percent of the share capital of Swiss-based reinsurer Converium Holding AG.SCOR said it “strongly believes that the combination of Converium and SCOR is a...
Dec 27 2006 // France’s SCOR group noted that it has successfully sponsored a new catastrophe bond. The French reinsurer entered into a multi-year property catastrophe retrocession agreement with Atlas Reinsurance III p.l.c., a...
Nov 21 2006 // Fitch Ratings has upgraded France’s SCOR Group insurer financial strength (IFS) and issuer default (IDR) ratings to “A-” from “BBB+” and SCOR S.A’s senior unsecured rating to...
Nov 16 2006 // France’s SCOR Group announced a capital increase of €376.744 million ($482.53 million) in the form of a subscription rights offer primarily in order to finance the acquisition of Revios Rückversicherungs AG....
Nov 2 2006 // France’ SCOR group announced that it has received the approval of the China Insurance Regulatory Commission (CIRC) for a reinsurance license in China “that will enable it to open a branch in Beijing with a view...
Sep 11 2006 // SCOR’s “Back on Track” restructuring strategy finally paid off as the French reinsurer regained its “A” rating from A.M. Best Co. The rating agency announced that it has upgraded the financial...