Scor SE

Scor SE (reassurance)
Societas Europaea
Traded as Euronext: SCR
Industry Financial services
Founded 1970
Headquarters Paris, France
Area served
 Worldwide
Key people
 Denis Kessler (Chairman and CEO)
Services Reinsurance, asset management
Revenue €11.3 billion (2014)[1]
€825 million (2014)[1]
Profit €512 million (2014)[1]
Total assets €24.9 billion (2014)[2]
Total equity €5.7 billion (end 2014)[1]
Website www.scor.com

SCOR is a French-based group of financial services companies, primarily focused on reinsurance. Created in 1970 with the backing of the French government its original name was Société Commerciale de Réassurance, hence SCOR. The SE means it is a "Societas Europaea" or European Society. In 2007, it became the first French listed company to use the "SE" acronym in its name.

Profile

The main companies of SCOR SE (officially typeset 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.[3][4][5][6]

The firm became the world's fifth-largest reinsurer with the CHF 3.4 billion acquisition of Swiss peer Converium in 2007.[7]

The firm's shares are listed on Euronext Paris and form part of the CAC Next 20 index. In 2007, Scor de-listed itself from the New York Stock Exchange.[4]

On 4 June 2013, SCOR to acquire Generali U.S. and become U.S. Life reinsurance market leader.[8]

References

  1. 1 2 3 4 "Facts and figures 2014". Scor. Retrieved 17 March 2015.
  2. ↑ "Facts and figures 2014" (pdf). Scor. Retrieved 17 March 2015.
  3. ↑ "A triple-engine Group". Scor.com. Retrieved 1 June 2011.
  4. 1 2 Jack W. Plunkett. Plunkett's insurance industry almanac. Plunkett Research, Ltd. Retrieved 1 June 2011.
  5. ↑ Dirk Van Gerven, Paul M. Storm (2008). The European Company. Cambridge University Press. Retrieved 1 June 2011.
  6. ↑ "Scor SE (SCR.S) Company Profile". Reuters. Retrieved 1 June 2011.
  7. ↑ Miedema, Douwe (10 May 2007). "Scor wins Converium with $2.8 bln raised bid". Reuters. Retrieved 19 November 2011.
  8. ↑ Scor Press Release, ed. (4 June 2013). "SCOR to acquire Generali U.S. and become U.S. Life reinsurance market leader".
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