Reinsurer posts sterling results
Scor’s half-year results showed gross written premiums (GWP) up 19.6% and up 22.2% in Q2, driven by its P&C and life divisions.
The French reinsurer’s GWP for H1 2015 was €6.5bn and was €5.4bn in the first half of 2014.
Scor’s P&C arm boosted GWP growth to €2.9bn in the first half of 2015, up 19.1% compared with €2.4bn in H1 2014.
The reinsurer’s net income jumped to €327m in the first half of 2015, an increase of 27.7% on €256m in the first half of 2014.
Scor chief executive Denis Kessler said: “In H1 2015, Scor continues to deploy its strategy based on the diversification of risks and deepening of the franchise and to deliver high quality results.
“During the second quarter, the group has marked a significant milestone in terms of the preparations for Solvency II, with the filing of its internal model to our primary regulator. Scor strengthens its positioning worldwide and is on track to meet its ‘optimal dynamics’ targets.”