trending Market Intelligence /marketintelligence/en/news-insights/trending/gicnifnt5qmerold1ncz1q2 content esgSubNav
In This List

Scor denies report of PartnerRe merger discussions

Case Study

A Prestigious Global Business School Gains a Competitive Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Video

S&P Capital IQ Pro | Powering Your Edge

Blog

Beyond ESG with Climate Stress Testing: Getting Practical at Banks & Insurers


Scor denies report of PartnerRe merger discussions

Scor SE is denying a news report that it has been in discussions about merging with fellow reinsurer PartnerRe Ltd..

The original report appeared on French news website BFM Business and came on the same day that Scor announced it had rejected a €43-per-share offer from French mutual insurance group SGAM Covéa.

Scor said in a statement that it "formally denies" the report that it was in talks with another potential merger partner for months.

"Contrary to this assertion, Scor has held no discussions with PartnerRe or any other company," Scor said.

Covéa acknowledged that it withdrew its offer for Scor, but reiterated its interest in a "friendly transaction" with the French insurer.