Key events
February 6, 2017
GROUP
SCOR EMBRACES NEW TECHNOLOGY WITH BLOCKCHAIN TESTS
In mid-2016, SCOR began testing Blockchain technology and launched a Technical Accounting Blockchain Proof of Concept to assess the feasibility of using the technology to enhance the Ruschlikon initiative.
February 7, 2017
P&C
JANUARY 2017 RENEWAL RESULTS: SUCCESSFUL 1/1 SCOR GLOBAL P&C RENEWALS IN LINE WITH “VISION IN ACTION”
SCOR Global P&C announces 5.4% premium growth at the January renewals at constant exchange rates, with premiums now reaching EUR 3.2 billion. The growth rate and sources of growth are in line with the “Vision in Action” targets and assumptions. SCOR’s global and long-term client relationships continue to provide stability in Europe and Asia. The largest source of growth over the period is the United States, where clients responded favorably to SCOR’s ambition to grow the P&C book.
March 28, 2017
GROUP
THE SCOR FOUNDATION FOR SCIENCE AWARDS PRIZE FOR BEST YOUNG RESEARCHER IN FINANCE AND INSURANCE
At the 10th International Forum on Financial Risks, organized in Paris by the Europlace Institute of Finance, the SCOR Foundation for Science presented the award for Best Young Researcher in Finance and Insurance to Dylan Possamaï, Professor at the Paris-Dauphine University, for his work on risk and its quantifications.
April 3, 2017
SCOR Global Life
SCOR RECEIVES APPROVAL TO OPEN A BRANCH OF SCOR GLOBAL LIFE SE IN JAPAN
The Financial Services Agency of Japan grants SCOR Global Life SE approval to open a branch office in Tokyo as of April 4, 2017. The new branch, SCOR Global Life SE Japan Branch, will enable SCOR to conduct Life and Health reinsurance business in the country
May 31, 2017
GROUP
SCOR SPONSORS A GLOBAL STATEMENT SUPPORTING STRONGER REGULATION AROUND TOBACCO CONTROL
More than 50 investors, health systems, pension funds and insurers sign a statement, led by AMP Capital, AXA, CalPERS and SCOR, supporting stronger regulation on tobacco control. Moreover, SCOR has divested from the tobacco industry and has pledged to make no new investments in the sector.
May 31, 2017
GROUP
SCOR PUBLISHES ITS FIRST ESG REPORT, STRIVING TOWARDS SUSTAINABLE AND SOCIALLY RESPONSIBLE DEVELOPMENT
SCOR announces the publication of its first report dedicated to the socially responsible management of its assets. The 2016 ESG Report is prepared in compliance with Article 173 of the French law on energy transition for green growth.
June 29, 2017
GROUP
SCOR IS NAMED “REINSURER OF THE YEAR” AT THE REACTIONS LONDON MARKET AWARDS
On June 28, 2017, SCOR was named “Reinsurer of the Year” at the prestigious Reactions London Market Awards.
July 17, 2017
GROUP
SCOR ANNOUNCES AN AGREEMENT WITH THE FNMF AND MATMUT TO ACQUIRE 100% OF MUTRÉ
The ratification of the agreement by MutRé’s other shareholders, which represent approximately 15% of MutRé’s capital, is expected in October 2017.
July 27, 2017
GROUP
SCOR LAUNCHES A SHARE BUY-BACK PROGRAM FOR UP TO EUR 200 MILLION
In line with its “Vision in Action” strategic plan, SCOR launches a share buy-back program on the basis of robust underlying fundamentals.
August 24, 2017
SCOR Global P&C
SCOR GLOBAL P&C SE REPRESENTATIVE OFFICE OPENS IN KENYA
Further to the initial approval granted in April 2016, the Insurance Regulatory Authority of Kenya confirms its approval for the opening of a SCOR Global P&C SE representative office in Nairobi.
September 1, 2017
GROUP
A.M. BEST UPGRADES SCOR’S FINANCIAL STRENGTH RATING TO ‘A+’ AND ITS ISSUER CREDIT RATING TO ‘AA-’
A.M. Best has upgraded SCOR’s Financial Strength Rating to ‘A+ (Superior)’ from ‘A (Excellent)’ and raised its Issuer Credit Rating to ‘aa-' from ‘a+'.
September 6, 2017
GROUP
SCOR INVESTOR DAY 2017: SCOR’S SUCCESS STORY GOES ON
One year after the launch of its new three-year strategic plan, SCOR has successfully executed the first phase of “Vision in Action”. In a slightly improved economic environment compared to last year and with supporting industry tailwinds, SCOR is achieving its targets, as shown in the H1 2017 financial results.
September 6, 2017
GROUP
SCOR ANNOUNCES FURTHER ENVIRONMENTAL SUSTAINABILITY INITIATIVES
SCOR’s mission includes protecting people and property from disasters and encouraging environmental sustainability, particularly in an era of climate change. SCOR is continuing to develop its sustainability practices in both investing and underwriting.
September 19, 2017
GROUP
THE SCOR CORPORATE FOUNDATION FOR SCIENCE AND THE SCOR GROUP ANNOUNCE THE WINNERS OF TWO RISK ECONOMICS AWARDS DURING THE EGRIE SEMINAR
Two awards sponsored by the SCOR Corporate Foundation for Science and the SCOR group were presented during the 44th annual seminar of the European Group of Risk and Insurance Economists (EGRIE).
September 29, 2017
GROUP
SCOR IS HONORED WITH TWO AWARDS FOR ITS NORTH AMERICAN LIFE AND P&C REINSURANCE BUSINESS BY REACTIONS MAGAZINE
SCOR was honored twice at Reactions magazine’s North American Awards, during a ceremony held in New York.
October 5, 2017
SCOR Global Investments
SCOR INVESTMENT PARTNERS RAISES EUR 500 MILLION WITH THE SCOR ESTATE LOANS III FUND
The SCOR Real Estate Loans III fund, the third in a series of funds investing in real estate mortgages, favors projects that support energy transition.
October 9, 2017
GROUP
SCOR ESTIMATES THE COST OF THE HARVEY, IRMA AND MARIA HURRICANES AND THE MEXICO EARTHQUAKES AT EUR 430 MILLION AFTER RETROCESSION AND TAX
Based on its prioprietary data and modeling tools, SCOR currently estimates that the total private insured market loss for the combined Harvey, Irma and Maria hurricanes and Mexico earthquakes should reach USD 95 billion.
November 22, 2017
GROUP
SCOR ENHANCES ITS GOVERNANCE AND CREATES A CORPORATE SOCIAL RESPONSIBILITY BOARD OF DIRECTORS COMMITTEE
In October 2017, SCOR created a Corporate Social Responsibility committee to leverage the pivotal role of the Board in ensuring that the corporate strategy is consistent with the company’s long-term sustainability.
December 11, 2017
GROUP
FRENCH BUSINESS CLIMATE PLEDGE: SCOR REAFFIRMS ITS COMMITMENT TO THE ENVIRONMENT
SCOR is a signatory of the French Business Climate Pledge, through which 89 French companies have committed to taking concrete action to reduce greenhouse gas emissions.
December 12, 2017
SCOR Global Investments
SCOR INVESTMENT PARTNERS FINALIZES THE DEPLOYMENT OF THE SCOR INFRASTRUCTURE LOANS II FUND AND ANNOUNCES THE LAUNCH OF THE SCOR INFRASTRUCTURE LOANS III FUND
SCOR Investment Partners, the SCOR group’s portfolio management company, announces the end of the deployment of EUR 378 million and the launch of the third generation with the SCOR Infrastructure Loans III fund, which was subsequently awarded the French EETC label (Energy and Ecological Transition for Climate).
December 14, 2017
Group
SCOR SUPPORTS ACTUARIAL SCIENCE WITH THE PRESENTATION OF ACTUARIAL AWARDS IN FIVE COUNTRIES IN 2017
Each year, SCOR rewards the best academic work in the field of actuarial science with prizes in several countries throughout the world. These prizes, some which are financed by the SCOR Foundation for Science, are designed to promote actuarial science, to develop and encourage research in this field, and to contribute to the improvement of risk knowledge and management. The awards are recognized in the (re)insurance industry as a mark of academic excellence.