Wednesday, December 7th, 2022

Russia-Ukraine battle leads SCOR to reschedule investor day

Russia-Ukraine conflict leads SCOR to reschedule investor day

International reinsurer SCOR is shifting its Investor Day, which was imagined to happen on March 29, to late July attributable to Russia’s invasion of Ukraine.

“In gentle of the geopolitical state of affairs and the humanitarian and world impacts of the conflict in Ukraine, SCOR has determined to postpone its Investor Day,” mentioned the Paris-headquartered group in an replace, including that it’s intently monitoring the conflict’s affect on its exercise.

The corporate famous: “SCOR’s Investor Day can be rescheduled to happen by the top of July 2022. A date can be introduced because the state of affairs turns into clearer.”

The reinsurance enterprise additionally highlighted that it’s making certain the protection of all SCOR staff and their households within the area.

“General, SCOR’s publicity to Russia and Ukraine is proscribed,” acknowledged the agency. “The direct penalties of those occasions are anticipated to be restricted, and won’t affect the group’s fundamentals.

“The group is totally mobilized to pursue the execution of its strategic plan ‘Quantum Leap’, and to jot down the subsequent chapters of SCOR’s story.”

SCOR, which has a reinsurance subsidiary in Moscow, is the fourth greatest reinsurer on the planet.

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