
Thomas
Fossard
Investor Relations
This decision demonstrates the Group’s ability to offer its clients an optimum level of security.
SCOR has been informed of Standard & Poor’s (S&P) decision to affirm the financial strength rating for the Group and its main subsidiaries at “AA-”, with a “stable outlook”.
According to S&P, this decision reflects their expectation that SCOR “will maintain capital adequacy above the 'AAA' level under S&P’s risk-based model and improve earnings in 2021-2022, with market leading positions in life and P&C reinsurance”.
S&P highlights:
Denis Kessler, Chairman & Chief Executive Officer of SCOR, comments: “We welcome Standard & Poor’s decision to affirm SCOR’s Financial Ratings. This decision demonstrates the Group’s ability to offer its clients an optimum level of security and the resilience of its business model, particularly in the current pandemic crisis. It also clearly reinforces the relevance of our strategy as a global Tier one reinsurer”.
S&P’s press release is available on their website at https://www.spglobal.com/