SCOR is making the case for rate hikes—and it has many arguments

SCOR is walking into the 2024 renewals cycle arguing vociferously for continued rate hikes—and it has many rationales. It is citing the evolving world of risk, reinsurer loss history, heightened inflation, a plague of litigation and more—and it seems certain that continued market dislocation can deliver those rates one way or the other.

“We are living in very particular world,” newly appointed CEO Thierry Léger told journalists of the big picture behind ever-rising risk costs just as he and the SCOR leadership sit down to the first day of talks with cedants at the Monte Carlo Rendez-Vous.