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Scor puts brave face on renewals reductions

Scor has suffered falls in both non-life and life renewals as a result of the “difficult context” which saw the necessity of a capital increase and the fall in the group’s rating during 2003. Property & Casualty, large corporate accounts and credit and surety reduced by 29% in expected gross premium income compared with the premiums last year, while life reinsurance fell by 11 %.

However despite the difficulty of the rating and capital issues as well as the suspension of SCOR from major broker’s security lists, chairman and CEO Dennis Kessler says: “the 2004 renewals

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