SCOR non-life and credit & surety renewal up

The board of directors of the French reinsurer SCOR recently announced that premium income linked to non-life and credit & surety treaties, up for renewal on January 1, 2006, is up 25 %.
These renewals relate to around 80% of the Company’s worldwide non-life and credit & surety reinsurance treaties, SCOR reports. The Company says it has improved its non-life and credit & surety reinsurance positioning, with satisfactory pricing conditions, on all the markets where it operates in except for the US.
The Company says it has won or regained an additional 15% of clients, many of which lead underwriting positions.
Premium income increases, according to SCOR, were accounted by more than 20% in France, Germany, Canada, the Middle East and Asia (excluding Japan), as well as in Credit & Surety, by over 40% in the UK, Spain and Portugal.