AM Best: SCOR ratings no longer “under review with developing implications"

AM Best has removed SCOR's ratings from “under review with developing implications”. The agency also confirmed the “A” (Excellent) financial strength and “a+” (Excellent) long-term credit ratings of SCOR and its main operating subsidiaries. The outlook is stable.

The ratings were initially placed under review following SCOR's publication in July 2024 of updated assumptions for its L&H business and the publication of its revised “Forward 2026” strategic plan in December of the same year.

AM Best has removed this status once it has finalized its assessment of the impact of this update on SCOR's fundamentals.

Other key rating factors include the French group's strong balance sheet, adequate operating performance, highly favorable commercial profile and appropriate enterprise risk management.