The Scor group has resisted well in 2011

The French reinsurer Scor has posted 330 million EUR (427 million USD) of net profits in 2011. This result is down by 21% compared to 2010. Gross premiums have risen by 13.6% at 7.6 billion EUR (9.8 billion USD), boosted by life insurance (+19.3%) following the takeover of Transamerica Re. The combined ratio is established at 104.5% in non-life insurance while it was set at 98.7%a year ago. This deterioration is accounted for by the impact of natural catastrophes, posted at 636 million EUR (823 million USD) net.