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Friday, 29 September 2017

SCOR is honored with two awards for its North American Life and P&C reinsurance business by Reactions magazine

SCOR    


Press Release

29 September 2017 - N° 26

 

 

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 on September 28, 2017.

 

  • For the third consecutive year, SCOR was named "North American Life Reinsurer of the Year" in 2017. This award reflects the Group's leadership on the US individual Life reinsurance market. SCOR has a very strong franchise in the US, offering a full range of solutions to support insurers, from managing their mortality risk exposures to optimizing their balance sheet and capital position. 
     
  • The Group's P&C division was also distinguished, with Nicholas Nudo, Senior Vice President Treaty Casualty Team Leader, being named "Underwriting Star of the Year". This award was made against the backdrop of the development of the US P&C reinsurance franchise.    

 

On June 28, 2017, SCOR was named "Reinsurer of the Year" at the prestigious "Reactions London Market Awards".

 

 

Denis Kessler, Chairman & Chief Executive Officer of SCOR, comments: "We are very proud to be honored for both our Life and P&C reinsurance business on the North American market. With the acquisitions of Transamerica Re and Generali USA, SCOR Global Life has accelerated its expansion in the US over the past six years and delivers the highest level of service to its clients. On the P&C reinsurance side, this award commends SCOR Global P&C's dynamic underwriting on the North American market, where the Group aims to expand, as announced in the "Vision in Action" plan."

 

 

 

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Contact details

 

Marie-Laurence Bouchon

Group Head of Communications

+33 (0)1 58 44 75 43

mbouchon@scor.com

 

 

Ian Kelly

Head of Investor Relations

+44 203 207 8561

ikelly@scor.com

 

http://www.scor.com/

 

Twitter: @SCOR_SE

 

 

 

Forward-looking statements

 

SCOR does not communicate "profit forecasts" in the sense of Article 2 of (EC) Regulation n°809/2004 of the European Commission. Thus, any forward-.looking statements contained in this communication should not be held as corresponding to such profit forecasts. Information in this communication may include "forward-looking statements", including but not limited to statements that are predictions of or indicate future events, trends, plans or objectives, based on certain assumptions and include any statement which does not directly relate to a historical fact or current fact. Forward-looking statements are typically identified by words or phrases such as, without limitation, "anticipate", "assume", "believe", "continue", "estimate", "expect", "foresee", "intend", "may increase" and "may fluctuate" and similar expressions or by future or conditional verbs such as, without limitations, "will", "should", "would" and "could." Undue reliance should not be placed on such statements, because, by their nature, they are subject to known and unknown risks, uncertainties and other factors, which may cause actual results, on the one hand, to differ from any results expressed or implied by the present communication, on the other hand.

Please refer to the 2016 reference document filed on 3 March 2017 under number D.17-0123 with the French Autorité des marchés financiers (AMF) posted on SCOR's website www.scor.com (the "Document de Référence"), for a description of certain important factors, risks and uncertainties that may affect the business of the SCOR Group. As a result of the extreme and unprecedented volatility and disruption of the current global financial crisis, SCOR is exposed to significant financial, capital market and other risks, including movements in interest rates, credit spreads, equity prices, and currency movements, changes in rating agency policies or practices, and the lowering or loss of financial strength or other ratings.

The Group's financial information is prepared on the basis of IFRS and interpretations issued and approved by the European Union. This financial information does not constitute a set of financial statements for an interim period as defined by IAS 34 "Interim Financial Reporting".

 

 


SCOR Press Release



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: SCOR, Immeuble Scor 5 avenue Kléber, Paris FR-75016, France
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