29Jan07

Press release

P&C

Pre-tax technical cost of EUR 25 to 30 million for Storm Kyrill of 18 & 19 January 2007

The SCOR group estimates the pre-tax technical cost of storm “Kyrill” at between EUR 25 and 30 million for all of the Group’s branches and the markets concerned.

The SCOR group estimates the pre-tax technical cost of storm “Kyrill” at between EUR 25 and 30 million for all of the Group’s branches and the markets concerned.
 
The overall estimate of these costs is based on information that is as yet preliminary, emanating for the most part from SCOR Global P&C clients on the German market, as well as on a dozen or so other markets including Austria, Belgium, France, the Netherlands, Poland, the Czech Republic, the United Kingdom, Scandinavia and Switzerland.  The losses incurred on the German market represent around 75% of the estimated amount of technical charges linked to this storm. 
 
The damage caused by “Kyrill” is characterised by a large number of small losses, mainly affecting individual insurance and commercial risks.  SCOR Global P&C’s Business Solutions division, which specialises in large industrial risks, did not record any significant losses.

Contact

Marie-Laurence Bouchon

Group Head of Communications

+33 (0)1 58 44 75 43

mbouchon@scor.com

 

Ian Kelly

Head of Investor Relations

+44 203 207 8561

ikelly@scor.com