SCOR has successfully sponsored a new catastrophe bond (“cat bond”), Atlas Capital UK 2019 PLC, which will provide the Group with multi-year risk transfer capacity of USD 250 million to protect itself against named storms in the U.S., earthquakes in the U.S. and Canada, and windstorms in Europe.
SCOR records an increase of 25% in its worldwide premium income renewed at 1 January 2006 for Non-Life & Credit and Surety treaties
SCOR's Non-Life & Credit and Surety 1 January of 2006 renewals.
Gross written premiums by the SCOR Group for 2005 amounted to EUR 2,407 million, down 6% compared to 2004.
SCOR anticipates an increase of around 25% in the worldwide premium income of its Non-Life and Credit & Surety treaties renewed on 1 January 2006
The SCOR Board of Directors’ meeting of 11 January 2006, chaired by Denis Kessler, examined the results of the Group’s renewal campaign.
Gilles Thivant has taken over as the French market Director of SCOR Vie, the SCOR group’s subsidiary dedicated to Life Reinsurance. SCOR Vie is the leading Life reinsurer on the French market with a premium income of over EUR 380 million in 2005.
Return to profitability, results in line with the Moving Forward Plan, group net income: EUR 68.7 million, proposed dividend of EUR 0.03 per share
2004 annual results.
2004 Premium income : EUR 2,528 million at current exchange rates (EUR 2,578 million at constant exchange rates)
2004 Premium income.
2005 P&C renewals.
The SCOR Group has contributed 150,000 Euros to the aid campaign for victims of the Tsunami. In addition to this aid, it has doubled the donations made by Group employees worldwide who organised a spontaneous collection within the company.