Scor sees gross premium income fall 12% at renewals

French reinsurer Scor SE's estimated gross premium income declined 12% during the Jan. 1 renewals, as it further reduced exposure to natural catastrophe risks and reorganized its portfolio by reducing the lines most sensitive to social and economic inflation, Reinsurance News reported. Within treaty property and casualty lines, the reinsurer's gross premiums renewed declined by 20% year-on-year to €2.17 billion ($2.35 billion. The reinsurance renewals were marked by a strong demand for protection from clients and decrease in reinsurance supply.