SCOR has been informed of A.M. Best’s decision to affirm the Group’s Financial Strength Rating of ‘A+ (Superior)’ and its Long-Term Issuer Credit Ratings of ‘aa-‘.

According to A.M. Best, this decision reflects “SCOR’s balance sheet strength, which A.M. Best categorises as very strong, as well as its strong operating performance, very favourable business profile and very strong enterprise risk management.”

A.M. Best also adds that “SCOR’s balance sheet strength is underpinned by its consolidated risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, which remained at the strongest level as at year-end 2017. A.M. Best expects “risk-adjusted capitalisation to be maintained at the strongest level prospectively and subject to a low level of volatility, reflecting SCOR’s conservative risk appetite and comprehensive retrocession programme designed to shield its capital base.”

The agency concludes that “SCOR is a top tier global reinsurer, with excellent product and geographical diversification. The group’s internationally recognised franchise, long-standing client relationships and technical expertise allow SCOR to effectively manage local and global reinsurance market cycles.”

Denis Kessler, Chairman & Chief Executive Officer of SCOR, comments: “This rating affirmation by A.M. Best underscores our successful strategy as a Tier 1, independent, global reinsurer. It proves the relevance of our “Vision in Action” strategic plan”, based on the depth of our franchise, a controlled risk appetite, high diversification by geography and by lines of business, a balanced business model between Life and P&C reinsurance, a robust capital shield, very strong financial flexibility and the development of modeling tools using cutting edge technology.”

The A.M. Best press release is available on the agency’s homepage at the following address:

http://www.ambest.com.