SCOR’s rates up 4.3% and premiums 14% at April renewals

Jean-Paul Conoscente, CEO of Scor Global P&C

SCOR increased reinsurance premiums by 14.3% to €600m at 1 April renewal, with rates up 4.3% across the book that is mainly geared towards Asia-Pacific business. As well as pushing through rate increases, which compounded price increases last year, SCOR also said terms and conditions improved. The company’s specialty account has benefited from compound rate increases on large and commercial…

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