Scor’s first-quarter P&C combined ratio of 87.1%, a deterioration of 1.9 points, is due to a “systematic” reserving method, according to CEO Thierry Léger.
On
Q1 P&C CoR deterioration due to ‘buffer building’: Scor’s Léger
The CEO said Scor is still on track to hit a full-year 87% combined ratio.