Reinsurance prices have remained unchanged in 2013

In keeping with the expectations expressed at the last Monte Carlo meeting, reinsurance prices remained stable during the January 2013 renewal. Hurricane Sandy has not impacted prices.

Scor has noted an average 1.9% rate increase. Gross premiums underwritten by Scor Global P & C by January 1, 2013 amounted to 2.5 billion EUR (3.2 billion USD), that is an increase of 9% compared to the 2012 renewal. For Hannover Re and Munich Re, rate increase would be of 0.5% whereas the largest increases occurred in the United States and mainly in the programs affected by claims. Marine treaties have also witnessed an increase due to the sinking of the Costa Concordia.

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