SCOR enjoys 13.9 percent premium growth

French reinsurer SCOR has reported a 13.9 percent growth in premiums at the January 2012 renewals.

It also reported that pricing conditions were ‘satisfactory’, with the weighted average pricing level is up by 2.2 percent.

Victor Peignet, chief executive officer of SCOR Global P&C, that he was satisfied with the renewals.

“In highly competitive and increasingly fragmented markets, the multi-domestic approach and diversification strategy followed by the Group over the past few years are bearing fruit,” he says.

“We are already actively preparing the renewals still to come throughout the rest of the year, which should confirm the already observed trend of improvement in our technical profitability.”