Scor profits down 15% on H1 cats

29 July 2010

Scor's profits slipped by 15 percent to EUR156mn in the first six months of 2010 as natural catastrophe losses took their toll.

The aggregated impact of the earthquakes in Chile and Haiti and European Windstorm Xynthia pushed the French reinsurer's combined ratio out to 102.8 percent for H1, well up on the 97.5 percent registered in the corresponding period of 2009.

Performance between Q1 and Q2 varied considerably, however. After posting a combined ratio of 108.6 percent for the first...

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Scor profits down 15% on H1 cats

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