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17 May 2024Reinsurance

SCOR on Q1 margin slide: we build reserve buffers every chance we get

Global reinsurer SCOR suffered a 1.9 point increase in its first quarter combined ratio, despite a light nat cat load, claiming to have used every chance it could find for continued reserve buffer building. 

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17 May 2024   Prior remediation seems quite complete: SCOR only managed down 1.2% of April portfolio.
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1 May 2024   The former CEO of SCOR specialty insurance is leaving the company after 12 years.
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17 May 2024   But rising demand in property cat could ensure hard market through 2025, Conoscente said.