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SCOR has been informed of Moody’s decision to affirm the Group’s insurance Financial Strength Rating of ‘Aa3’ and to raise the outlook to ‘stable’.
Moody’s had lowered its outlook on the reinsurance sector to ‘negative’ from ‘stable’ in September 2020, citing uncertainty around coronavirus-related losses, along with low interest rates.
According to Moody’s, this positive rating action for SCOR reflects their expectation that “
r
esidual Covid-19 related underwriting claims will not meaningfully hamper SCOR’s credit profile during the remainder of 2021 and beyond
”. This is supported by SCOR’s strong capitalization,
“
c” and SCOR’s underlying business which
SCOR welcomes Moody s decision to confirm its Insurance Financial Strength Rating of Aa3 and to raise its outlook to stable
SCOR welcomes
SCOR has been informed of Moody s decision to affirm the Group s insurance Financial Strength Rating of Aa3 and to raise the outlook to stable .
Moody s had lowered its outlook on the reinsurance sector to negative from stable in September 2020, citing uncertainty around coronavirus-related losses, along with low interest rates.
According to Moody s, this positive rating action for SCOR reflects their expectation that
r
esidual Covid-19 related underwriting claims will not meaningfully hamper SCOR s credit profile during the remainder of 2021 and beyond