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Scor’s ratings downgraded after weak performance

Posted On: Dec. 9, 2022 9:58 AM CST


U.S.-based Fitch Ratings Inc. has downgraded the financial strength ratings for French reinsurer Scor SE and its operating subsidiaries to 'A+' from 'AA-' due to continued weak financial performance, Reinsurance News reports. Scor reported a net loss of €509 million ($539 million) for the first nine months of the year, as natural catastrophe claims increased to €907 million.