Scor SE

The marked expansion in Scor’s premium volume in 2007 was mainly due to the increase in the company’s life reinsurance business (which increased by 106.0% from €1.2bn to €2.1bn) as a result of a full year of business written by the Cologne based life reinsurer Revios which Scor acquired in late 2006

It is now largely forgotten that Scor suffered something like a two-year crisis of confidence in the wake of the terrorist attacks on the World Trade Centre in 2001; one of many examples of how that event disoriented the global reinsurance market. The fact that Scor’s well publicised problems are now very much a thing of the past, is largely due to the sense of purpose with which the French reinsurer restructured both its life and non-life portfolios in 2003 (with the consequent sharp reduction in premium volume in 2004) and to the energy with which it then re-expanded the scope of its business on what the company says are now much more tenable terms and conditions.