SSREY - SCOR Reports Strong P&C Growth & Price Renewals But Adds COVID BI Losses
- France headquartered global reinsurance firm SCOR has continued to rapidly expand its property and casualty book in improved pricing conditions over the second quarter and into the mid-year renewal season.
- During Q2 2021, SCOR has booked the additional EUR 109 million of COVID-19 pandemic-related losses in the P&C business, having not booked any P&C pandemic claims in Q1 this year.
- Underwritten premiums grew by +7.8% at constant exchange rates, from EUR 735 million to EUR 792 million (using exchange rates as at December 31st, 2020), the reinsurer said.
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SCOR Reports Strong P&C Growth & Price Renewals But Adds COVID BI Losses