A.M. Best affirms ‘A’ rating of SCOR SE and Canadian subsidiary

A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit ratings of “a” of the life and non-life North American operating subsidiaries of SCOR SE (SCOR) (France).
The FSR of A (Excellent) and ICRs of “a” have been affirmed for the following life and non-life North American operating subsidiaries of SCOR SE:
•SCOR Canada Reinsurance Company
•SCOR Global Life U.S. Re Insurance Company
•SCOR Global Life Reinsurance Company of America
•SCOR Global Life Re Insurance Company of Texas
•SCOR Reinsurance Company
•General Security Indemnity Company of Arizona
In addition, the FSR of A- (Excellent) and the ICR of “a-” have been affirmed for
General Security National Insurance Company.
The outlook for all ratings is stable.
“In A.M. Best’s opinion, the acquisition of the life mortality business of
Transamerica Re (TARe) by SCOR will strengthen SCOR’s global reinsurance
position and will enable the North American operating subsidiaries to enjoy
a leading position in the U.S. life reinsurance market,” A.M. Best commented in a press release.