Business
Scor looks to build property & casualty business to 60% of total-CEO
Published by maria gbaf
Posted on November 8, 2021
1 min readLast updated: January 28, 2026
Global Banking & Finance Review®
Company
Published by maria gbaf
Posted on November 8, 2021
1 min readLast updated: January 28, 2026
Scor plans to boost its property and casualty business to 60% of total, driven by attractive premium rates. CEO Laurent Rousseau outlines this strategy amid recent natural catastrophe impacts.
LONDON/FRANKFURT (Reuters) – French reinsurer Scor wants to build its property and casualty (P&C) business back up to 60% of its total business, with life and health at 40%, Chief Executive Laurent Rousseau said at the Reuters Future of Insurance Europe conference on Friday
The split reverses the trend of recent years but higher premium rates in the property sector make it once more attractive, Rousseau said in an interview.
Rousseau assumed the position of CEO earlier this year. The company posted a third-quarter loss after big claims from flooding in Europe and Hurricane Ida in the United States.
Natural catastrophes have brought a lot of volatility to the P&C division, Rousseau said.
“So we intend to be in the non-cat part of the P&C businesses,” he said.
The company is in the process of formulating a new strategic plan that it will announce in the spring.
For more on the Reuters Future of Insurance Europe conference please click here https://reutersevents.com/events/insuranceeurope
(Reporting by Carolyn Cohn and Tom Sims; Editing by Maria Sheahan)
The main topic is Scor's plan to increase its property and casualty business to 60% of its total operations.
Scor is focusing on P&C business due to higher premium rates making the property sector more attractive.
Laurent Rousseau is the CEO of Scor, having assumed the position earlier this year.
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