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Scor open to setting up alternative catastrophe reinsurance system

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France-based Scor S.E. said that it is open to setting up an alternative natural disaster reinsurance system in the country after the European Union's General Court ruled against the reinsurer, L’Argus de l’assurance reported. Scor had challenged the French government's decision to grant a state guarantee to Caisse Centrale de Reassurance S.A. for its natural catastrophe reinsurance program.

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