SCOR reported a 26% decline in its gross written premiums for 2003 when compared with the figures for 2002. It said GWP reached €3.691bn for the year.
SCOR said its premium income was significantly hit by currency fluctuations, the reorientation of its underwriting policy in the US and the cessation of business by its Bermuda-based subsidiary Commercial Risk Partners.
Group chairman and chief executive officer, Denis Kessler, said the group's policy of risk selection and business reorientation during 2003 had entailed not underwriting certain contracts and cancelling some treaties in order to boost underwriting profitability."
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
