26 April 2018News

SCOR grows 13.5% at April renewals

At the April 1, 2018, renewals, SCOR Global P&C grew gross written premiums by 13.5 percent at constant exchange rates to €505 million, the company said while presenting the  first quarter 2018 results.

During April renewals, the firm improved risk-adjusted pricing by 2.9 percent and maintained stable terms and conditions, according to a statement.

Growth was achieved in both treaty (especially in India and the US) and in specialty treaties (including in agriculture, credit and surety and US cat).

Overall, these renewals position SCOR Global P&C growth in line with "Vision in Action" assumptions, the company noted.

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More on this story

News
26 April 2018   French reinsurer SCOR has improved its combined ratio and increased profits in the first three months of 2018.
Insurance
8 February 2018   SCOR declined opportunities to grow in proportional reinsurance at the January renewals because it perceived rates as inadequate. This is in contrast with some of its competitors including Munich Re, which have signed some large proportional deals.