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PARIS—SCOR S.E. said Monday that average rates for nonlife reinsurance business that it renewed in June and July increased slightly more than 2%.
In a statement, the Paris-based reinsurer said rates for U.S. catastrophe-exposed property business increased 10% to 15% for June renewals and 5% to 10% for July renewals.
SCOR said the June and July renewals represent about 10% of its total annual treaty premium.
For property/casualty treaty business, SCOR said its overall premium volume grew 14.8%, driven largely by a 23% increase in Asia.
For specialty lines, SCOR said its premium volume grew 35% at the June and July renewals.