Fitch Ratings turns positive on SCOR

Fitch Ratings, a credit rating agency, has revised the outlooks of French reinsurer SCOR and its core operating subsidiaries to positive from stable. This reflects Fitch’s expectation that SCOR’s earnings will improve, particularly in life and health (L&H), due to the group’s portfolio actions aimed at restoring profitability, which was hit by the 2024 L&H assumption review.Simultaneously, the rating agency has also affirmed the entity’s Insurer Financial Strength (IFS) ratings and Long-Term Issuer Default ...