Scor falls to Q3 loss on EUR517mn cat claims
Scor’s global P&C unit reported a Q3 loss of EUR669mn ($674mn) as it booked EUR517mn in nat-cat claims and a EUR244mn gain from its retro programme in the quarter.
As it took a significant reserve charge linked to inflation, the reinsurer discussed its new strategic plan which will see it look to make cost savings and grow in life and health.
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