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Scor expects significant Q1 losses from Ukraine war

Posted On: Apr. 19, 2022 9:30 AM CST

rench reinsurer Scor SE said the war in Ukraine will adversely affect its results for the first quarter this year as its Russian subsidiary Scor PO takes a direct hit after suspending operations in Russia, Verdict reported. Scor expects the war to bring high double-digit million euros worth of potential claims across treaty reinsurance and specialty insurance.