SCOR SE

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SCOR SE
Company type
Societas Europaea
Euronext: SCR
CAC Mid 60 Component
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HeadquartersParis, France
Area served
Worldwide
Key people
Fabrice Brégier (Chairman) and Thierry Léger (CEO)
ServicesReinsurance, asset management
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Total equity€5.1 billion (2022)[1]
Number of employees
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Websitewww.scor.com

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SCOR SE is a French[2] tier 1 reinsurance company providing Property and Casualty (P&C) and Life reinsurance. It is one of the leading reinsurers in the world. Created in 1970 with the backing of the French government, its original name was Société Commerciale de Réassurance, hence "SCOR". The SE acronym indicates that the company is a Societas Europaea (European company). In 2007, it became the first French listed company to use the SE acronym in its name.

History

File:SCOR La Defence.JPG
Building in Paris La Défense that was SCOR's head office from 1983 to 2012[3]

SCOR SE was founded in 1970 in Paris, France. SCOR today is the world's fourth largest reinsurer and has a presence in 160 countries worldwide[4] with more than 3,000 employees.[5]

In 1996, SCOR acquired the reinsurance business of Allstate.[6]

In 2002, Denis Kessler was named the chairman and CEO after a near collapse of the company.[7] Kessler was brought on board in order to restore the reinsurer's financial performance.[8] Kessler made a number of acquisitions throughout his tenure. These include ReMark,[9] Revios,[10] Converium,[11] Transamerica Re,[12] and Generali US.[13]

The firm's shares are listed on NYSE Euronext Paris and form part of the CAC Next 20 index. In 2007, SCOR de-listed itself from the New York Stock Exchange.[14]

In May 2019, SCOR purchased Coriolis Capital,[15] an insurance-linked securities fund manager. The purchase was finalized in September 2019, increasing the company's ILS portfolio to over $2 billion.[16]

SCOR Foundation for Science

In 2011, SCOR founded the SCOR Corporate Foundation for Science to support scientific research and risk-related knowledge.[17]

Main operating lines

The main companies of SCOR SE (officially typeset as SCOR) include SCOR Global P&C, which provides property and casualty reinsurance, SCOR Global Life, which provides life reinsurance, and SCOR Global Investments, an asset management company.[18][14][19][20]

Business units

SCOR consists of several business units:[21]

References

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  1. ^ a b c d e Page Module:Citation/CS1/styles.css has no content."Universal Registration Document 2022". Scor. Retrieved 26 May 2023.
  2. ^ Page Module:Citation/CS1/styles.css has no content."SCOR S.A." 10 May 2021. Retrieved 10 February 2022.
  3. ^ Page Module:Citation/CS1/styles.css has no content."Nouveau siège social de la Scor". Atlas Magazine. 2 November 2012.
  4. ^ Page Module:Citation/CS1/styles.css has no content."A global reinsurer increases user engagement to bolster risk mitigation". IBM. Retrieved 24 April 2020.
  5. ^ Page Module:Citation/CS1/styles.css has no content."Top 50 Global Reinsurance Groups". Reinsurance News. Retrieved 24 April 2020.
  6. ^ Page Module:Citation/CS1/styles.css has no content."French Insurer SCOR Acquires Allstate's Reinsurance Business". WSJ. Retrieved 29 April 2020.
  7. ^ Page Module:Citation/CS1/styles.css has no content."Scor CEO sets three-year growth targets to reassure shareholders". Reuters. Retrieved 24 April 2020.
  8. ^ Page Module:Citation/CS1/styles.css has no content."Saving SCOR". The Economist. Retrieved 24 April 2020.
  9. ^ Page Module:Citation/CS1/styles.css has no content."Reinsurer Scor says it holds 98.7 pct of ReMark". Reuters. Retrieved 24 April 2020.
  10. ^ Page Module:Citation/CS1/styles.css has no content."Scor Reaches $775 Million Deal To Buy German Reinsurer Revios". WSJ. Retrieved 24 April 2020.
  11. ^ Page Module:Citation/CS1/styles.css has no content."SCOR and Converium Reach Friendly Merger Agreement". Insurance Journal. Retrieved 24 April 2020.
  12. ^ Page Module:Citation/CS1/styles.css has no content."SCOR to Buy Aegon's Transamerica Reinsurance Unit for $913 Million". Insurance Journal. Retrieved 24 April 2020.
  13. ^ Page Module:Citation/CS1/styles.css has no content."Generali sells U.S. unit to Scor in $920 million deal". Reuters. Retrieved 24 April 2020.
  14. ^ a b Page Module:Citation/CS1/styles.css has no content.Jack W. Plunkett (November 2007). Plunkett's insurance industry almanac. Plunkett Research, Ltd. ISBN 9781593920975. Retrieved 1 June 2011.
  15. ^ Page Module:Citation/CS1/styles.css has no content."SCOR agrees to buy Coriolis Capital". Pensions and Investments. Retrieved 24 April 2020.
  16. ^ Page Module:Citation/CS1/styles.css has no content."SCOR finalises Coriolis Capital move". Insurance Business Magazine. Retrieved 24 April 2020.
  17. ^ Page Module:Citation/CS1/styles.css has no content.Boisson-Dupuis, Stéphanie; et al. (2018). "Tuberculosis and impaired IL-23–dependent IFN-γ immunity in humans homozygous for a common TYK2 missense variant". Science Immunology. Vol. 3, no. 30. doi:10.1126/sciimmunol.aau8714. Retrieved 29 April 2020.
  18. ^ Page Module:Citation/CS1/styles.css has no content."A triple-engine Group". Scor.com. Archived from the original on 7 June 2017. Retrieved 1 June 2011.
  19. ^ Page Module:Citation/CS1/styles.css has no content.Dirk Van Gerven, Paul M. Storm (2008). The European Company. Cambridge University Press. ISBN 9781107320949. Retrieved 1 June 2011.
  20. ^ Page Module:Citation/CS1/styles.css has no content."Scor SE (SCR.S) Company Profile". Reuters. Retrieved 1 June 2011.
  21. ^ Page Module:Citation/CS1/styles.css has no content."Our Solutions". Scor.
  22. ^ Page Module:Citation/CS1/styles.css has no content."Actrivity & CSR Report 2018". Retrieved 24 April 2020.
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