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Scor’s outlook downgraded to ‘negative’ after elevated losses

Posted On: Oct. 5, 2022 9:19 AM CST


U.S.-based A.M. Best Co. Inc. has downgraded its outlook for French reinsurer Scor SE and its main operating subsidiaries to “negative” from “stable” amid elevated losses across its nonlife and life businesses, Reinsurance News reported. Scor recorded a net loss of €239 million ($234 million) in the first half of the year due to huge losses caused by natural catastrophes and man-made events.