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Member, Beacon International Group, Ltd.
Scor S.E. has said that it did not feel the need to join the ongoing consolidation activity in the industry, reports Reuters.
Analysts had expected the France-based reinsurer to look at acquisitions in order to avoid being left behind. "We see [the consolidation], but we are not in the position where we have to do a deal because we are exactly where we want to be in terms of size, profitability and capital," said Scor chief executive Denis Kessler. Scor's net profit for 2014 totaled €512 million ($567 million).