Scor Q3 results fell short of expectations. While the reinsurance sector was thriving amidst a hard market, Scor’s performance demands scrutiny. Despite the confidence instilled by the turnaround during the CMD and the strong ytd performance prior to the release, the current results are not promising.
As previously emphasized, effective execution is key and the reported results do not bode well. The increased Nat Cat losses, although a factor, do not entirely account for the disappointing outco ....

10 Nov 2023
Weak results, execution remains the focus

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Weak results, execution remains the focus
Scor Q3 results fell short of expectations. While the reinsurance sector was thriving amidst a hard market, Scor’s performance demands scrutiny. Despite the confidence instilled by the turnaround during the CMD and the strong ytd performance prior to the release, the current results are not promising.
As previously emphasized, effective execution is key and the reported results do not bode well. The increased Nat Cat losses, although a factor, do not entirely account for the disappointing outco ....