 | |
 Current head office of SCOR at 5, avenue Kléber in Paris, formerly headquarters ofCompagnie Bancaire | |
| Company type | Societas Europaea |
|---|---|
| Euronext: SCR CAC Mid 60 Component | |
| Industry | Financial services |
| Founded | 1970; 55 years ago (1970) |
| Headquarters | Paris,France |
Area served | Worldwide |
Key people | Fabrice Brégier(Chairman) andThierry Léger (CEO) |
| Services | Reinsurance,asset management |
| Revenue | €19.7 billion(2022)[1] |
| €1 million(2022)[1] | |
| €-301 million(2022)[1] | |
| Total assets | €55.3 billion(2022)[1] |
| Total equity | €5.1 billion(2022)[1] |
Number of employees | 3,522 (2022) |
| Website | www.scor.com |
SCOR SE is aFrench[2] tier 1reinsurance 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 wasSociété Commerciale de Réassurance, hence "SCOR". The SE acronym indicates that the company is aSocietas Europaea (European company). In 2007, it became the first French listed company to use the SE acronym in its name.
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 ofAllstate.[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 onNYSE Euronext Paris and form part of theCAC Next 20 index. In 2007, SCOR de-listed itself from theNew 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]
In 2011, SCOR founded the SCOR Corporate Foundation for Science to support scientific research and risk-related knowledge.[17]
The main companies of SCOR SE (officially typeset as SCOR) include SCOR Global P&C, which providesproperty andcasualty reinsurance, SCOR Global Life, which provideslife reinsurance, and SCOR Global Investments, anasset management company.[18][14][19][20]
SCOR consists of several business units:[21]
