Scor: Moody’s confirms rating ‘A1′ and points to “positive” perspective – Boursier.com

(Boursier.com) – Moody’s Investors Service has just raised from ‘stable’ to ‘positive’ view of Scor and confirms the financial strength ratings to ‘A1′ and subordinated debt at ‘A3′. The rating agency noted the perspective of the various subsidiaries of SCOR SE to ‘positive’ and confirms their notes to ‘A1′.

According to Moody’s, this decision reflects “the continuous improvement of the position on the Market and goodwill of Scor and its ability to meet the expectations of the rating agency ensuring stabilté results over the long term through a diversified business model, less exposure to the more volatile reinsurance branches compared to its competitors, a high level of capitalization and an effective risk management. ”
Regarding the position of Scor on the market, Moody’s recognizes that the reinsurance group “is one of the reinsurers that have most benefited from structural changes in the behavior of cedants, and will continue to do”. In addition, Moody’s believes that “Direct Insurance prefer reinsurers able to take in different geographic areas and product lines and [that] Scor has emerged as one of the reinsurers”.

Moody’s underlines the relevance of SCOR’s diversification strategy, stating that “the combination of the strengthening of the business of the branch P & C and the strength of the goodwill of the Life branch offers Scor a favorable position in comparison with players rated Aa by Moody’s. ” Moody’s also notes that “the diversification benefits of Scor capital, resulting from its balanced business model, are reflected in the solvency ratio of the Group II”.

“The Moody’s decision puts once again underscores the strengthened financial security that SCOR offers its customers. This positive outlook is in addition to increases in the Group’s rating to ‘AA’ made S & amp;. P and Fitch and the positive outlook assigned to AM Best in Group It confirms the position of Scor among the major players in the global reinsurance market and reflects the continuous improvement of the Group’s market position The. Scor teams are more motivated than ever to meet the needs of their customers around the world by offering Life reinsurance services, Damage high added value, “said Denis Kessler, Chairman and CEO of Scor.

  Alexandra Saintpierre – © 2015 Boursier.com