Scor put 60% of retro spend to ILS markets
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Scor put 60% of retro spend to ILS markets

Rachel Dalton, 
Fiona Robertson
08 February 2022
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Scor has said that the ILS market captured around 60% of its retro spend, as new sidecar capacity and significant cuts to its cat portfolio helped lower both one-in-10- and one-in-250-year probable maximum losses (PMLs).

In an analyst call this afternoon, Scor Global P&C CEO Jean-Paul Conoscente said the split of retro cover was closer to a 50-50 mix based on limits written by ILS and traditional partners, and 60-40 on premium spend.

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