SCOR records an increase of 23% on premium income for Non-Life treaties on the Asian and Indian markets
Non-Life reinsurance treaties in Japan and Korea were up for renewal on 1 April 2006. These treaties represent around 75% of SCOR’s portfolio in the Asia-Pacific zone.
Christian Mounis, Deputy Chief Executive Officer of SCOR Vie, has been appointed to the SCOR Executive Committee; Jim Root has been appointed Director for Investor Relations; Stéphane Le May has been appointed Corporate Finance Manager within the Corporate Finance and Asset Management Department; Bertrand Bougon has been appointed Group Management Controller within the PBR Department; and...
SCOR will continue with the implementation of its plan to pay employees a variable portion of salary following the judgment of the Versailles appeals court
SCOR decided in July 2005 to implement a plan to pay all Group employees a variable portion of salary, based on performance, in addition to base salary. This plan was approved, through an additional clause to the employment contract, by 96% of SCOR Paris employees and by all of SCOR employees outside France.
2005 Annual Results.
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.