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Scor SE (SCRYY.PK)

SCRYY.PK on OTC Markets Group

4.30USD
16 Jan 2020
Change (% chg)

$0.00 (+0.00%)
Prev Close
$4.30
Open
$4.28
Day's High
$4.32
Day's Low
$4.26
Volume
31,169
Avg. Vol
41,928
52-wk High
$4.72
52-wk Low
$3.79

Latest Key Developments (Source: Significant Developments)

SCOR Places $125 Million Deeply Subordinated Tier 1 Notes Issue
Wednesday, 11 Dec 2019 

Dec 11 (Reuters) - Scor SE ::SCOR SUCCESSFULLY PLACES USD 125 MILLION DEEPLY SUBORDINATED TIER 1 ISSUANCE.SCOR - COUPON FOR THIS NEW USD PLACEMENT IS 5.25%, UNTIL THE FIRST CALL DATE OF MARCH 13, 2029, AND RESETS EVERY FIVE YEARS THEREAFTER AT THE PREVAILING 5-YEAR U.S.SCOR - THESE NEW NOTES WILL BE ASSIMILATED (ASSIMILÉES) AND FORM A SINGLE SERIES WITH EXISTING USD 625,000,000 PERPETUAL DEEPLY SUBORDINATED RESTRICTED TIER 1 NOTES ISSUED ON MARCH 13, 2018.SCOR - NEW NOTES ISSUE WILL BEAR SAME TERMS AND CONDITIONS AS ORIGINAL NOTES.SCOR - ISSUE PRICE OF NEW NOTES IS 99.125%.SCOR - SETTLEMENT IS EXPECTED TO TAKE PLACE ON DECEMBER 17, 2019.SCOR - SCOR INTENDS TO USE PROCEEDS OF ISSUANCE FOR GENERAL CORPORATE PURPOSES.  Full Article

SCOR Issues A New Contingent Capital Facility
Tuesday, 3 Dec 2019 

Dec 3 (Reuters) - SCOR SE ::ISSUES A NEW CONTINGENT CAPITAL FACILITY.ANNOUNCES THE LAUNCH OF A NEW 3-YEAR CONTINGENT CAPITAL FACILITY..FACILITY ENABLES THE GROUP TO PROTECT ITS SOLVENCY IN CASE OF CATASTROPHE EVENTS AND IS CONSISTENT WITH THE “QUANTUM LEAP” STRATEGIC PLAN..THIS TAKES FORM OF A CONTINGENT EQUITY LINE, PROVIDING GROUP WITH EUR 300 MILLION COVERAGE IN CASE OF EXTREME NATURAL CATASTROPHE OR LIFE EVENTS IMPACTING MORTALITY.TRANSACTION WILL GIVE RISE TO THE ISSUANCE OF APPROXIMATELY 9.4 MILLION WARRANTS ISSUED BY SCOR TO J.P. MORGAN..THIS EQUITY LINE FACILITY WILL REPLACE, AS OF JANUARY 1, 2020, CURRENT CONTINGENT CAPITAL FACILITY WHICH COMES TO AN END ON DECEMBER 31, 2019.EACH WARRANT GIVES J.P. MORGAN THE RIGHT TO SUBSCRIBE TO TWO NEW SCOR SHARES WITHOUT EXCEEDING 10% OF SCOR’S SHARE CAPITAL..ISSUANCE OF THE SHARES WOULD BE TRIGGERED WHEN SCOR HAS EXPERIENCED TOTAL ANNUAL AGGREGATED LOSSES OR CLAIMS FROM NATURAL CATASTROPHES OR EXTREME EVENTS.  Full Article

SCOR Global Announces Promotions In Global Markets Team
Monday, 28 Oct 2019 

Oct 28 (Reuters) - SCOR SE ::SCOR GLOBAL LIFE EVOLVES ITS ORGANISATION.SCOR: CRAIG FORD IS PROMOTED TO HEAD OF GLOBAL MARKETS - NORTH AMERICA, UK/IRELAND & SOUTH AFRICA AND ANZ..ROY CHAPPELL IS PROMOTED TO CHIEF COMMERCIAL OFFICER - NORTH AMERICA, UK/IRELAND & SOUTH AFRICA AND ANZ. HE WILL REPORT TO CRAIG FORD..VINCENT LEPEZ IS PROMOTED TO HEAD OF GLOBAL MARKETS – ASIA, CONTINENTAL EUROPE AND LATIN AMERICA. HE WILL REPORT TO BRONA MAGEE..MIGUEL ALFERIEFF IS PROMOTED TO CHIEF COMMERCIAL OFFICER, ASIA CONTINENTAL EUROPE AND LATIN AMERICA. HE WILL REPORT TO VINCENT LEPEZ..RUPEN SHAH IS PROMOTED TO HEAD OF LONGEVITY AND FINANCIAL SOLUTIONS. HE WILL REPORT TO BRONA MAGEE..  Full Article

SCOR 9-Month Net Income Up At 401 Million Euros
Thursday, 24 Oct 2019 

Oct 24 (Reuters) - SCOR SE ::SCOR DELIVERS A SOLID PERFORMANCE WITH NET INCOME OF EUR 401 MILLION IN FIRST NINE MONTHS OF 2019.GROUP NET INCOME STANDS AT EUR 401 MILLION IN THE FIRST NINE MONTHS OF 2019, UP 17.3% COMPARED TO THE FIRST NINE MONTHS OF 2018.GROSS WRITTEN PREMIUMS TOTAL EUR 12,055 MILLION IN THE FIRST NINE MONTHS OF 2019, UP 3.2% AT CONSTANT EXCHANGE RATES.GROUP TOTAL CASH FLOWS STAND AT EUR 693 MILLION IN THE FIRST NINE MONTHS OF 2019 AND NET OPERATING CASH FLOWS STAND AT EUR 573 MILLION.ESTIMATED SOLVENCY RATIO STANDS AT 203% ON SEPTEMBER 30, 2019, IN THE OPTIMAL SOLVENCY RANGE OF 185% - 220% AS DEFINED IN THE “QUANTUM LEAP” STRATEGIC PLAN.UNDER CURRENT MARKET CONDITIONS, SCOR GLOBAL INVESTMENTS EXPECTS AN ANNUALIZED RETURN ON INVESTED ASSETS IN THE 2.7%-3.0% RANGE FOR FY 2019.9-MONTH NET OPERATING CASH FLOW EUR 573 MILLION VERSUS EUR 811 MILLION YEAR AGO.  Full Article

Investment firm CIAM reiterates its criticism of Scor's Governance
Friday, 27 Sep 2019 

Sept 27 (Reuters) - French investment firm CIAM::REITERATES ITS CRITICISM OF SCOR'S <<>> GOVERNANCE AND OF THE REINSURER'S SHARE PRICE PERFORMANCE.  Full Article

SCOR Investment Partners Completes Acquisition Of Coriolis Capital
Tuesday, 10 Sep 2019 

Sept 10 (Reuters) - SCOR SE ::REG-SCOR INVESTMENT PARTNERS COMPLETES THE ACQUISITION OF CORIOLIS CAPITAL.  Full Article

Hurricane Dorian Devastation In Bahamas Could Cost $7 bln- KCC
Thursday, 5 Sep 2019 

Sept 5 (Reuters) - KCC: :PRELIMINARY ESTIMATE OF TOTAL (INSURED AND UNINSURED) LOSSES IN THE BAHAMAS FROM STORM DORIAN IS $7 BILLION.KCC- PRELIMINARY ESTIMATE INCLUDES BUILDING, CONTENTS, AND BUSINESS INTERRUPTION EXPOSURES FOR COMMERCIAL, RESIDENTIAL AND INDUSTRIAL PROPERTIES.  Full Article

Acarix CADScorSystem Included In NICE Guidelines In UK
Thursday, 27 Jun 2019 

June 27 (Reuters) - Acarix Ab ::ACARIX CADSCOR®SYSTEM INCLUDED IN NICE GUIDELINES (UK).CADSCOR SYSTEM INCLUDED AS FIRST LINE INVESTIGATION FOR RULING OUT SUSPECTED STABLE CORONARY ARTERY DISEASE BY BRITISH NATIONAL INSTITUTE FOR HEALTH AND CARE EXCELLENCE (NICE).INCLUSION IN NICE GUIDELINES WILL ALLOW ACARIX TO ACCELERATE ITS STRATEGY OF INTRODUCING CADSCOR IN UK.  Full Article

SCOR Reiterates Its Position Concerning Implementation Alternative Natural Catastrophe Reinsurance Scheme In France
Monday, 6 May 2019 

May 6 (Reuters) - SCOR SE ::REITERATES ITS POSITION CONCERNING THE IMPLEMENTATION OF AN ALTERNATIVE NATURAL CATASTROPHE REINSURANCE SCHEME IN FRANCE.REMAINS OPEN TO DISCUSSION TO PARTICIPATE IN IMPLEMENTATION OF AN ALTERNATIVE REINSURANCE SCHEME.  Full Article

Reinsurer SCOR to exclude coal-fired power plants from underwriting list
Tuesday, 30 Apr 2019 

April 30 (Reuters) - Scor SE ::* SCOR has expanded its insurance and facultative reinsurance underwriting exclusion list to include the construction of new coal-fired power plants, irrespective of the technologies, the construction, and quality of the coal..* Latest initiative builds upon SCOR's initial underwriting commitments from 2017, when SCOR ceased to provide insurance or facultative reinsurance specifically promoting the operation of new thermal coal mines or lignite mines and plants. .  Full Article

UPDATE 2-Scor CEO sets 3-year growth targets to reassure shareholders

* CEO seeks to reassure investors after he blocked takeover (Updates share price, adds comment from analyst)