Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

21 May 2012

Scor claims EUR300mn retro recoveries for 2011 cats

10 November 2011

Scor used just a quarter of its retro protection in the first nine months of the year, but still ceded EUR297mn of cat claims to its retrocessionaires during the period.

The retro programme, or "capital shield" protected the reinsurer's net results from substantial deterioration on the first-quarter loss events.

At the end of the first quarter Scor had reserved EUR380mn to cover the cost of these losses.

This had deteriorated to EUR510mn in Q2 and EUR575mn by the end of...

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