L&H

SCOR successfully sponsors a new catastrophe bond, Atlas Capital DAC Series 2024-1

Retrieved on: 
Thursday, May 30, 2024

SCOR successfully sponsors a new catastrophe bond, Atlas Capital DAC Series 2024-1

Key Points: 
  • SCOR successfully sponsors a new catastrophe bond, Atlas Capital DAC Series 2024-1
    SCOR has successfully sponsored a new catastrophe bond (“cat bond”), Atlas Capital DAC Series 2024-1, which will provide the Group with multi-year risk transfer capacity of USD 175 million to protect itself against named storms in the US and earthquakes in the US and Canada.
  • The risk period for Atlas Capital DAC Series 2024-1 will run from 1 June 2024 to 31 May 2027.
  • Atlas Capital DAC Series 2024-1 was well received and benefited from high investor demand.
  • Atlas Capital DAC Series 2024-1 is an aggregate, index-based trigger cat bond issued by Atlas Capital DAC, a multi-arrangement special purpose vehicle approved in Ireland under Solvency II.

First quarter 2024 results: SCOR starts 2024 with a strong first three-months net income of EUR 196 million

Retrieved on: 
Friday, May 17, 2024

Thierry Léger, Chief Executive Officer of SCOR, comments:

Key Points: 
  • Thierry Léger, Chief Executive Officer of SCOR, comments:
    “For the first quarter of the Forward 2026 strategic plan, SCOR publishes a strong net income of EUR 196 million.
  • In L&H, we are impacted by an adverse experience variance, mainly driven by US mortality and claims reporting effects.
  • In Investments, SCOR benefits from elevated regular income yield and reinvestment rates.
  • In Investments, SCOR benefits from still-elevated reinvestment rates in Q1 2024 and records a strong regular income yield of 3.5% (+0.7pts vs. Q1 2023).

Pianist-Composer Yelena Eckemoff Takes an Intriguing New Direction with "Romance of the Moon," To Be Released May 10 by L&H Production

Retrieved on: 
Monday, March 18, 2024

RICHMOND, Calif., March 18, 2024 /PRNewswire-PRWeb/ -- Pianist-composer-conceptualist Yelena Eckemoff tries something a little bit different—but no less cerebral and audacious—with "Romance of the Moon," set for a May 10 release on her own L&H Production label. Always a multimedia thinker, Eckemoff has previously made albums that incorporate her visual art as well as stories, poems, and concepts from her own imagination. This time, she presents a suite of compositions inspired by the great Spanish poet Federico García Lorca, as interpreted by the formidable Italian ensemble that includes bassist Luca Bulgarelli, drummer Stefano Bagnoli, guitarist Riccardo Bertuzzi, and world-renowned trumpet icon Paolo Fresu.

Key Points: 
  • Always a multimedia thinker, Eckemoff has previously made albums that incorporate her visual art as well as stories, poems, and concepts from her own imagination.
  • I translated the Lorca texts into Italian so the musicians would know exactly what every composition is about.
  • That's not to say, however, that Eckemoff's pieces are any less tightly intertwined with the Lorca poems that inspired them.
  • Yelena Eckemoff was born in Moscow, where she started playing by ear and composing music when she was four.

SCOR appoints Claudia Dill and Redmond Murphy to the Executive Committee

Retrieved on: 
Wednesday, September 27, 2023

Claudia Dill joins SCOR as Group Chief Operating Officer and member of the Executive Committee in charge of Technology, Transformation, Global Real Estate and Regional Services Platforms.

Key Points: 
  • Claudia Dill joins SCOR as Group Chief Operating Officer and member of the Executive Committee in charge of Technology, Transformation, Global Real Estate and Regional Services Platforms.
  • Redmond Murphy, previously Deputy Group Chief Financial Officer and Group Head of Business Performance, is appointed Deputy CEO of SCOR Life & Health and member of the Executive Committee.
  • Based in Dublin, Redmond Murphy will report to Frieder Knüpling, CEO of SCOR Life & Health.
  • Thierry Léger, Chief Executive Officer of SCOR, comments: “I am very pleased to welcome Claudia and Redmond to the Executive Committee.

SCOR launches its new strategic plan: “Forward 2026”

Retrieved on: 
Thursday, September 7, 2023

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.

AM Best Affirms Credit Ratings of Kemper Corporation, Its Affiliates and Subsidiaries

Retrieved on: 
Thursday, August 24, 2023

AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a-” (Excellent) of the property/casualty subsidiaries and affiliated insurance companies of Kemper Corporation (Kemper Corp.) [NYSE: KMPR], collectively referred to as Kemper Property & Casualty Group (Kemper P&C).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a-” (Excellent) of the property/casualty subsidiaries and affiliated insurance companies of Kemper Corporation (Kemper Corp.) [NYSE: KMPR], collectively referred to as Kemper Property & Casualty Group (Kemper P&C).
  • AM Best also has affirmed the FSR of A- (Excellent) and the Long-Term ICRs of “a-” (Excellent) of Kemper Corp.’s life/health subsidiaries, collectively referred to as Kemper Life & Health Group (Kemper L&H) (Chicago, IL).
  • Concurrently, AM Best has affirmed the Long-Term ICR of “bbb-” (Good) and the Long-Term Issue Credit Ratings (Long-Term IRs) and indicative Long-Term IRs of Kemper Corp., the ultimate parent, headquartered in Chicago, IL.
  • The outlook of these Credit Ratings (ratings) is stable.

Majesco’s Strategic Acquisition of ClaimVantage Proves Highly Rewarding: Continues to Expand Thriving Customer Base and Product Investment

Retrieved on: 
Tuesday, August 8, 2023

Expanded 21 existing customer relationships with adoption of new lines of business, new users, new components, or new components like absence management.

Key Points: 
  • Expanded 21 existing customer relationships with adoption of new lines of business, new users, new components, or new components like absence management.
  • Majesco customer Fullscope RMS, who implemented ClaimVantage solution, was the recipient of the 2021 Salesforce Partner Innovation Award, highlighting their business transformation.
  • Majesco ClaimVantage Claims and IDAM were recognized by Datos (formerly Aite-Novarica) as Dominant in the August 2021 Life/Health/Annuities Claims Report.
  • Majesco’s recent report notes that this is only the beginning of accelerating geographic and demographic employee shifts.

Ping An ranked 33rd in the Fortune Global 500 List, 1st among global insurance enterprises

Retrieved on: 
Thursday, August 3, 2023

Ping An Insurance (Group) Company of China, Ltd. ("Ping An" or the "Group", HKEx:2318; SSE:601318) ranked 33rd on the list with its revenue recorded USD181,566 million.

Key Points: 
  • Ping An Insurance (Group) Company of China, Ltd. ("Ping An" or the "Group", HKEx:2318; SSE:601318) ranked 33rd on the list with its revenue recorded USD181,566 million.
  • The Group ranked 5th among global financial enterprises, ranked 4th among the Mainland Chinese financial enterprises, and maintained 1st place among global insurance enterprises for five consecutive years since 2019.
  • In 2022, Ping An's revenue amounted to RMB1.11 trillion, operating profit attributable to shareholders of the parent company reached RMB148,365 million.
  • Total assets surpassed RMB11.1 trillion, serving close to 227 million retails customers and more than 693 million internet users.

Ping An ranked 33rd in the Fortune Global 500 List, 1st among global insurance enterprises

Retrieved on: 
Thursday, August 3, 2023

Ping An Insurance (Group) Company of China, Ltd. ("Ping An" or the "Group", HKEx:2318; SSE:601318) ranked 33rd on the list with its revenue recorded USD181,566 million.

Key Points: 
  • Ping An Insurance (Group) Company of China, Ltd. ("Ping An" or the "Group", HKEx:2318; SSE:601318) ranked 33rd on the list with its revenue recorded USD181,566 million.
  • The Group ranked 5th among global financial enterprises, ranked 4th among the Mainland Chinese financial enterprises, and maintained 1st place among global insurance enterprises for five consecutive years since 2019.
  • In 2022, Ping An's revenue amounted to RMB1.11 trillion, operating profit attributable to shareholders of the parent company reached RMB148,365 million.
  • Total assets surpassed RMB11.1 trillion, serving close to 227 million retails customers and more than 693 million internet users.

Second quarter 2023 results: SCOR generates EUR 192 million net income in Q2 2023, contributing to EUR 502 million net income in H1 2023

Retrieved on: 
Thursday, July 27, 2023

Our efforts continue to pay off and I am confident in the Group’s ability to take full advantage of the current market conditions.

Key Points: 
  • Our efforts continue to pay off and I am confident in the Group’s ability to take full advantage of the current market conditions.
  • In Investments, SCOR continues to benefit from high reinvestment rates and reports a strong increase in the regular income yield.
  • In Q2 2023, P&C insurance revenue stands at EUR 1,869 million, up +7.9% at constant exchange rates (up +4.5% at current exchange rates) vs. Q2 2022.
  • New business CSM in Q2 2023 stands at EUR 271 million, benefiting from strong pricing at the April and June 2023 renewals.