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S&P Still Watching SCOR

By Staff Writer

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NU Online News Service, Sept. 23, 12:54 p.m. – Standard & Poor’s Ratings Services, New York, is still raising questions about SCOR, Paris, a large reinsurer, even though the company has abruptly called off plans announced in early September to acquire life reinsurance operations and other reinsurance operations from the Gerling Group, Cologne, Germany.

S&P analysts will be asking SCOR managers about what the company is doing to improve its operating performance and whether the company has enough capital to meet capital requirements and support its growth plans, the rating agency says.