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Investment income sends Scor Q1 net income down 30%

Scor, the French reinsurance giant, said that net income for the first three months of the year dropped 30% to €93m, down from €133m.

This was mostly due to a monster reduction in investment income, which fell to a €4m loss from a gain of €161m in the first three months of 2008.
On the underwriting side, the amount of gross

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Tesco Law and the insurer legal services revolution that never was

Content Director's View: More than a decade ago many insurers could not wait to seize the opportunities afforded by a change in the law that allowed them to set up their own legal services arms. Jonathan Swift reflects on what happened next - and the prospect of a one-stop-shop claims provider in the future.

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