SCOR : A substantial charge for natural catastrophes in Q4
>Renewals of 1 January more selective in reinsurance - Yesterday morning, Scor published its renewals at 1 January. The group has indicated that premiums for the P&C lines stood at € 7.1bn, up 15.2% at constant currency (+16.2% for reinsurance and +14.4% for specialty insurance), a shade above our forecast (€ 7.0bn). In reinsurance, some 66% of treaties were up for renewal on 1 January. At these renewals the group registered an average price increase of 2.8%, but with...SCOR is a holding company. Through its subsidiaries, Co. is engaged mainly in reinsurance. Its customers are insurers and large corporations. Co. is engaged in life reinsurance through SCOR Global Life SE and non-life reinsurance through SCOR Global P&C SE. In the life reinsurance business, Co. offers reinsurance for individual and group life insurance, long-term care, substandard risks, critical illness and financing products. The non-life reinsurance business comprises traditional reinsurance business; Treaty, Business Solutions, and Specialty Lines. In addition, Co. through SCOR Global Investments SE, manages, directly or indirectly its global investment portfolio.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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