For a few days, the little German town of Baden-Baden lives and breathes reinsurance. This annual industry conference is where the Non-Life reinsurance treaty renewal campaign takes shape, after the Rendez-Vous de septembre in Monte-Carlo. Insurers, reinsurers and brokers gather here from 25 to 29 October 2009.

At the Guy Carpenter Reinsurance Symposium on Sunday, 25 October 2009, Victor Peignet, CEO of SCOR Global P&C presented SCOR’s analysis of the reinsurance market and the outlook for the upcoming 2010 renewals. 

For these renewals, SCOR expects capital needs to increase insurers’ demand for reinsurance. The demand of insurers, stimulated amongst other things by the fall in assets that has affected their equity capital more than that of their reinsurance partners, is confronted, despite the recent improvement in the financial markets, with a reinsurance capacity that is still constrained and that has proven to remain disciplined as reinsurers intend to protect their technical margins.

SCOR further believes that with the financial crisis cedants are encouraged to diversify their supply of capacity and to speed up the process of redistributing and rebalancing shares between their reinsurers, to the benefit of stable players demonstrating continuity of presence in the markets and underwriting policy as well as results, such as SCOR.

For SCOR, the depth of the relationships involved, along with the specific features of its client needs, are crucial factors that guide its tailor-made and differentiated approach.

For a long time, Baden-Baden was a conference location for the annual German marine conference. In 1979, even though the marine event had moved elsewhere, insurers, reinsurers and brokers continued to meet in the town. The Baden-Baden conference was born.

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