Solvency ratio

SCOR launches its new strategic plan: “Forward 2026”

Retrieved on: 
Thursday, September 7, 2023
Heart, SCOR, Solvency ratio, Donnelley Financial Solutions, Value, Longevity, Mass meeting, P&C, L&H, Carbon, Protection, Science, Asset and liability management, Liability, Share repurchase, EUR, Chartered Property Casualty Underwriter, ALM, Climate change, Williams v Natural Life Health Foods Ltd, Risk, Forward, CSM, Growth, ESG, Society, Environment, AA, General assembly, Calibration, Reinsurance, Pet industry, Insurance, Industrial design, Renewable energy, Bank, Management, Holding company, Coaction Specialty Insurance, Investment

At its 2023 Investor Day in Paris, SCOR presents its new strategic plan for 2024-2026, Forward 2026.

Key Points: 
  • At its 2023 Investor Day in Paris, SCOR presents its new strategic plan for 2024-2026, Forward 2026.
  • With Forward 2026, SCOR will drive value creation for its shareholders, clients, employees, and for society as a whole.
  • Through this strategic plan, SCOR will strengthen its global leadership and become a dynamic, data-driven manager of risk, capital, and resources.
  • Fabrice Brégier, Chairman of SCOR, comments: “Thierry Léger and his team have built an ambitious strategic plan for SCOR for the next three years.

Best’s Commentary: EIOPA Information Request Points to Solvency II Changes for Insurers

Retrieved on: 
Tuesday, March 24, 2020
Insurance, Professional services, Insurance regulation, Economy of the European Union, European Insurance and Occupational Pensions Authority, European Union, Solvency II Directive, Solvency ratio, SII, Government agencies, Government, Law, Own risk and solvency assessment

The European Insurance and Occupational Pensions Authoritys (EIOPA) latest phase of its Solvency II (SII) review suggests a set of potential changes, many of which, if implemented, would enhance solvency ratios as stated under SII.

Key Points: 
  • The European Insurance and Occupational Pensions Authoritys (EIOPA) latest phase of its Solvency II (SII) review suggests a set of potential changes, many of which, if implemented, would enhance solvency ratios as stated under SII.
  • However, EIOPA has also discussed changes to the discount rate used in SII.
  • This would result in significant strengthening of reserves for life insurers.
  • In its new Bests Commentary, EIOPA Information Request Points to Solvency II Changes for Insurers, AM Best suggests that the potential changes outlined by the EIOPA document should be viewed as a package with different elements having offsetting effects on stated regulatory solvency ratios.

2019 Annual Results - SCOR in 2019: profitable growth, strong capital generation, high solvency - Net income of EUR 422 million and dividend of EUR 1.80 per share

Retrieved on: 
Thursday, February 27, 2020
Economy, Economics, Business, Actuarial science, Auditing, Fixed income, Yield curve, Solvency II Directive, Solvency ratio, Audit, Solvency, Supply chain operations reference

This presentation includes forward-looking statements and information about the objectives of SCOR, in particular, relating to its current or future projects.

Key Points: 
  • This presentation includes forward-looking statements and information about the objectives of SCOR, in particular, relating to its current or future projects.
  • The financial results for the full year 2019 included in the presentation have been audited by SCORs independent auditors.
  • 5 CHF 125 million undated subordinated note lines, issued on October 20, 2014, and callable in October 2020
    6 Solvency ratio based on Solvency II requirements.
  • fixed income, loans and real estate), according to current reinvestment duration assumptions and spreads, currencies, yield curves as of December 31, 2019

Financial health of Canadian defined benefit pension plans surges to end 2019

Retrieved on: 
Thursday, January 2, 2020
Actuarial science, Service companies, Pensions, Solvency ratio, Economy, Defined benefit pension plan, Aon, Solvency, Service industries

Given the financial strength of Canadian pension plans, it makes sense for plan sponsors to further consider their risk mitigation strategies for the new year.

Key Points: 
  • Given the financial strength of Canadian pension plans, it makes sense for plan sponsors to further consider their risk mitigation strategies for the new year.
  • Aons Median Solvency Ratio increased sharply through the fourth quarter of 2019, to 102.5% as of Jan. 1, 2020.
  • Aons median solvency ratio measures the financial health of a defined benefit plan by comparing total assets to total pension liabilities on a solvency basis according to the different legislations.
  • Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions.

COFACE SA: Partial Internal Model approved - Solvency ratio at 187% as of 31 December 2018

Retrieved on: 
Wednesday, December 4, 2019
Actuarial science, Adjacent channel power ratio, Signal processing, Scientific modelling, Solvency ratio, Compagnie Française d'Assurance pour le Commerce Extérieur, Academic disciplines, Solvency, Finance, Money

The second pillar of our Fit to Win strategic plan aims to improve the capital efficiency of Cofaces business model.

Key Points: 
  • The second pillar of our Fit to Win strategic plan aims to improve the capital efficiency of Cofaces business model.
  • The Partial Internal Model is a key tool to attain this objective.
  • Coface solvency ratio, as defined by the Partial Internal Model, is 187%* at 31December2018, an 18 point improvement versus the standard formula.
  • Carine Pichon, Cofaces Chief Finance & Risk Officer, commented:
    "We are very pleased that the ACPR has approved our Partial Internal Model.

Pension plans’ financial health slightly declines as falling bond yields and weak asset returns pinch median solvency

Retrieved on: 
Monday, September 30, 2019
Actuarial science, Pensions, Solvency ratio, Defined benefit pension plan, Solvency

TORONTO, Sept. 30, 2019 (GLOBE NEWSWIRE) -- As bond yields declined and asset returns stalled in response to global economic uncertainty, the solvency positions of Canadian defined benefit pension plans declined slightly in the third quarter, according to Aons latest Median Solvency Ratio survey.

Key Points: 
  • TORONTO, Sept. 30, 2019 (GLOBE NEWSWIRE) -- As bond yields declined and asset returns stalled in response to global economic uncertainty, the solvency positions of Canadian defined benefit pension plans declined slightly in the third quarter, according to Aons latest Median Solvency Ratio survey.
  • Economic uncertainty seems to have set in to financial markets, which means we dont foresee a sustainable rebound in yields anytime soon.
  • As they did for the two previous quarters, Canadian bond yields fell in Q3, with Canada 10-year yields down eight basis points and Canada long bond yields down 11 bps.
  • Aons median solvency ratio measures the financial health of a defined benefit plan by comparing total assets to total pension liabilities on a solvency basis according to the different legislations.

Maiden Holdings Announces Completion of Series of Strategic Transactions Strengthening Its Capital Position

Retrieved on: 
Monday, August 5, 2019
Insurance, Professional services, Actuarial science, Insurance, Maiden Holdings, Landforms, Types of insurance, BERMUDA, Reinsurance, Solvency ratio, Oceans

Maiden Holdings, Ltd. (NASDAQ:MHLD, Maiden or the Company) today announced it had entered into a series of strategic transactions which have materially improved its capital position.

Key Points: 
  • Maiden Holdings, Ltd. (NASDAQ:MHLD, Maiden or the Company) today announced it had entered into a series of strategic transactions which have materially improved its capital position.
  • As our capital position continues to stabilize and the amount of capital required to operate Maiden continues to decline, we expect our solvency ratios to continue to improve throughout 2019 and beyond.
  • All necessary regulatory approvals have been received for the LPT/ADC between Maiden Bermuda and Cavello Bay Reinsurance Limited (Cavello Bay), Enstars Bermuda operating company.
  • The LPT/ADC provides Maiden Bermuda with $155.0 million in adverse development cover over its carried AmTrust reserves at December 31, 2018.

Banco Macro Announces Results for the First Quarter of 2018

Retrieved on: 
Tuesday, May 15, 2018
Banco Macro, Solvency ratio

BUENOS AIRES, Argentina, May 15, 2018 /PRNewswire/ -- Banco Macro S.A. (NYSE: BMA; BCBA: BMA) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the first quarter ended March 31, 2018 ("1Q18").

Key Points: 
  • BUENOS AIRES, Argentina, May 15, 2018 /PRNewswire/ -- Banco Macro S.A. (NYSE: BMA; BCBA: BMA) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the first quarter ended March 31, 2018 ("1Q18").
  • In 1Q18, Banco Macro's financing to the private sector grew 10% or Ps.13.4 billion quarter over quarter ("QoQ") totaling Ps.142.2 billion and increased 52% or Ps.48.5 billion year over year ("YoY").
  • In 1Q18, Banco Macro's total deposits grew 4% QoQ, totaling Ps.149.5 billion and representing 82% of the Bank's total liabilities.
  • Banco Macro continued showing a strong solvency ratio, with excess capital of Ps.37.6 billionand 27.3% regulatory capital ratio Basel III.