On 4 July 2012, SCOR was elected "Reinsurance Company of the Year" at the prestigious "London Market Awards" 2012. Organised each year by Reactions magazine, the London Market Awards are based on votes cast by worldwide insurance and reinsurance professionals present on the London market. 

 

This award follows on from the upgrade of SCOR’s rating between March and June 2012 by the four rating agencies monitoring the Group. SCOR is thus now rated "A+" or equivalent by Standard & Poor’s, Moody’s, Fitch and AM Best. The Group is continuing to actively implement its strategic plan "Strong Momentum V1.1", which has included the successful integration of the Transamerica Re business acquired in August 2011, and the good Non-Life renewals conducted by SCOR since the beginning of 2012. Over the past few years, SCOR has had the pleasure of being regularly distinguished by the most prestigious awards in the industry. 

 

 

Denis Kessler, Chairman & CEO of SCOR, comments: "This award is a further recognition of SCOR’s performance by insurance and reinsurance industry professionals. Despite the persistence of the economic and financial crisis, and after a year marked by exceptional catastrophes in 2011, SCOR has demonstrated its ability to create value for its shareholders and to strengthen its business franchise, by providing tailored and innovative solutions to its clients’ needs whilst reinforcing its solvency. The upgrade of SCOR’s rating by four rating agencies bears witness to the relevance of our business model and to the strategy we have followed since the beginning of the crisis."