As the mid-year reinsurance renewals approach, SCOR’s CEO Thierry Léger projects a stable yet competitive market, underscoring the necessity of disciplined underwriting to maintain portfolio quality. Highlighting a conservative growth strategy, the company’s recent April renewals saw a 5.4% revenue rise to €1.812 billion, despite a gross price change decline of 3.5%. Léger noted improvements in portfolio quality despite lower premium income, with a focus on margin protection. Looking ahead to the upcoming renewal periods, he anticipates ongoing competitive pressures while remaining committed to rigorous underwriting practices.
