12Sep16

Press release

Group

SCOR welcomes Standard & Poor’s decision to affirm its “AA-” rating

SCOR has been informed of the decision by Standard & Poor’s (S&P) to affirm the financial strength rating for the Group and its main subsidiaries at “AA-”, with a “stable outlook”, and to maintain the counterparty credit ratings at “AA-/A-1+”.

SCOR has been informed of the decision by Standard & Poor’s (S&P) to affirm the financial strength rating for the Group and its main subsidiaries at “AA-”, with a “stable outlook”, and to maintain the counterparty credit ratings at “AA-/A-1+”. 
 
S&P had upgraded SCOR’s Financial Strength rating to “AA- stable outlook” from “A+ positive outlook” in September 2015, highlighting that SCOR had “demonstrated its very strong competitive position through resilience in pricing and technical profitability in its P&C book and has reinforced its leading position in the U.S. Life reinsurance market” and considering that “the Group's very strong business risk profile is further supported by a leading market share in significant markets in both the P&C and Life markets.” 
 
 
Denis Kessler, Chairman and CEO of SCOR, comments: “This decision by Standard & Poor’s affirms the solidity of SCOR’s strategy and supports its new 3-year strategic plan “Vision in Action”. This affirmation further demonstrates the strength of SCOR’s global franchise and reinforces its Tier 1 position. Our teams benefit from the best conditions to start the renewal period at the Monte-Carlo Rendez-Vous”.

Contact

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