Paris-based SCOR reported 25 percent growth in premium income linked to non-life and credit and surety reinsurance treaties that were up for renewal on Jan.1, 2006, although the U.S. market remains troublesome for the carrier.
The company said these Jan. 1 renewals relate to around 80 percent of the company's worldwide non-life and credit and surety reinsurance treaties. European treaties and credit and surety contracts are almost entirely renewing on Jan.1, 2006, the company noted.
SCOR reported that in a competitive environment it has been able to improve its positioning, with satisfactory pricing conditions in all markets–excluding the United States.
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