Takeover delay saves Scor

Converium’s book since the acquisition benefited from favourable commutations and better than expected results from its Lloyd’s operation

Announcing SCOR’s final results for 2007, chief executive Denis Kessler declared that the company had entered “a new global dimension in terms of earning power and business volume”. With the inclusion of Converium for just part of the year, net written premiums rose by almost 60% to €4.4bn ($6bn) making SCOR the world’s fifth largest reinsurance company, although well behind Hannover Re in fourth place.