SCOR’s mid-year treaty renewals showed 22% growth for its specialty and property and casualty lines.
The French insurer’s P&C treaties business rose 14.8% which was driven by strong Asian growth. The increase has been achieved through the combination of increased shares and improved primary and reinsurance rates, while nat cat exposure remained stable.
SCOR also reported 13.6% growth in its US regional book following the acquisition of new clients.
Specialty lines showed a 35% increase, one third of which was generated from increased business from one client.
Victor Peignet, CEO of SCOR Global P&C, said: “The positive outcome of the mid-year renewals is proof that SCOR Global P&C is further enhancing its franchise with new and existing clients.”