Investment Strategy
SCOR SE is one of the top five global reinsurers, operating across property & casualty and life & health reinsurance from its headquarters in Paris. The company serves clients in over 160 countries and maintains a disciplined approach to both underwriting and investment management. SCOR’s investment portfolio of approximately $30 billion is managed by an in-house team with a mandate to generate stable returns while preserving capital.
The portfolio allocation is heavily concentrated in fixed income, with government bonds, covered bonds, and investment-grade corporate credit representing the majority of assets. SCOR maintains conservative duration management and limits exposure to below-investment-grade credit. Within this framework, the company allocates roughly 8% to alternative investments, targeting private equity, real estate, infrastructure, and private credit strategies that offer attractive risk-adjusted returns and diversification.
SCOR’s alternatives program is built through diversified fund commitments, with a preference for European and global managers. The company has been a steady participant in infrastructure and real estate investing, particularly in strategies with regulated or contracted cash flows that align with the reinsurer’s liability profile.
How to Approach
GPs interested in SCOR should target the investment management team at the Paris headquarters. The company also has investment professionals in Zurich, Singapore, and New York. SCOR is receptive to well-credentialed managers, particularly those offering infrastructure, private credit, or real estate strategies with strong downside protection. The diligence process is rigorous and reflects Solvency II compliance requirements. Conference engagement at events like SuperReturn, Rendez-Vous de Septembre, and European institutional investor forums provides productive settings for initial introductions.
Frequently Asked Questions
What is SCOR's investment strategy?
SCOR manages its investment portfolio with a liability-driven approach, prioritizing capital preservation and liquidity. The portfolio is predominantly invested in fixed income securities, with approximately 8% allocated to alternatives including private equity, real estate, and infrastructure. SCOR's investment decisions are shaped by Solvency II capital requirements and the company's focus on maintaining a conservative risk profile.
How does SCOR allocate to private markets?
SCOR invests in private markets through fund commitments with established managers and selective co-investments. The company's alternatives portfolio includes private equity funds, real estate equity and debt, and infrastructure investments. SCOR has been incrementally increasing its alternatives allocation to enhance returns while maintaining risk discipline.
Can GPs approach SCOR for fund commitments?
Yes, SCOR's investment team in Paris evaluates new GP relationships on an ongoing basis. The company favors managers with strong institutional credentials, proven track records, and strategies that are efficient from a Solvency II capital perspective. European-focused strategies and global diversified platforms tend to resonate well with SCOR's investment mandate.
