French reinsurer Scor said its premium income for 2001 rose 34% to €4.9bn (£3bn), with its property & casualty division making the biggest contribution.

Gross written premiums at the P&C division rose 39% to €1.9bn (£1.2bn), when compared to 2000, while the Life, A&H division rose 37% to €1.5bn (£925m) and the specialty reinsurance division rose 26% to €1.51bn (£929m).

The group, the largest reinsurer in France, said it was pleased with the strong growth ahead of price rises for 2002 and with "the continued structural development of its business mix".

Scor's full financial results for 2001 are due to be announced on 7 March 2002.

The company added that it had agreed with Groupama to lift the restriction on Groupama holding more than 18% of Scor's capital.

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