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Reinsurance

AM Best affirms Scor rating

AM Best has affirmed the financial strength rating of B++ (Very Good) of Scor and its core subsidiaries and has assigned an issuer credit rating of "bbb+" to these companies. Senior and subordinated debt instruments issued or guaranteed by Scor have been…

The winds of no change

2004's hurricanes are likely to prevent the kind of rate-softening that buyers have been hoping for this renewal season

RAA releases latest US P/C figures

According to a Reinsurance Association of America (RAA) survey of reinsurers’ statutory underwriting results, a group of 27 U. S. property-casualty reinsurers wrote $22.3bn of net premiums during the third quarter of 2004.

SVB losses continue

Lloyd's insurer SVB's syndicate forecasts have revealed increased losses for the 2002 year of account. £8.1m has been utilised to cover the losses, for which it wrote a £103.6m provision at the end of June.

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