SCOR : Lower charge expected for COVID costs on mortality in the US
>Scor paid out fewer mortality claims at end-August than expected - Scor yesterday held an investor day on the execution of its strategy plan out to 2021. It provided updated details on the expected COVID charge. To recap, Scor had booked a COVID charge in life insurance of € 194m in Q2 2020, with € 182m on the level of US mortality seen at end-June. This amount assumed a paid claims charge in the US of € 138m at end-August vs € 85m actually paid (i.e. around 62% of t...SCOR is a holding company. Through its subsidiaries, Co. is engaged mainly in reinsurance. Its customers are insurers and large corporations. Co. is engaged in life reinsurance through SCOR Global Life SE and non-life reinsurance through SCOR Global P&C SE. In the life reinsurance business, Co. offers reinsurance for individual and group life insurance, long-term care, substandard risks, critical illness and financing products. The non-life reinsurance business comprises traditional reinsurance business; Treaty, Business Solutions, and Specialty Lines. In addition, Co. through SCOR Global Investments SE, manages, directly or indirectly its global investment portfolio.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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