Global reinsurer SCOR grew its property and casualty (P&C) portfolio selectively at the January 1st, 2026, reinsurance renewals, with property catastrophe premiums up 12.5%, as the firm achieved targeted growth of 4.7% for its traditional reinsurance in what it describes as a market that remained disciplined on structures and terms and conditions.Commenting on the overall market environment at the recent renewals, SCOR says that demand for coverage remains elevated, with intensified competition in the P&C reinsurance market which pushed pricing down in most lines, notably on non-proportional placements.During the January 2026 renewals, SCOR delivered estimated gross premium income (EGPI) growth of 4.7% for traditional reinsurance, with growth of 7.4% in P&C to €2.848 billion, and 0.3% in specialty lines to €1.645 billion.Within P&C lines, SCOR highlights growth in APAC and North America as well as core clients, with property cat premiums increasing 12.5%, mainly in North America, with targeted clients.

Around two-thirds of the company’s P&C book is renewed in January, representing roughly 50% of the reinsurer’s total P&C premiums.Within specialty lines, pressure on insurance and reinsurance prices led to disciplined underwriting and margin protection, says SCOR.Alongside the 4.7% growth in total traditional reinsurance to €4.493 billion at the January renewals, SCOR grew its Alternative Solutions book by a significant 80.5% to €1.185 billion.

The firm highlights strong growth across all geographies supported by increased appetite for innovative solutions.As a result of its diversified portfolio mix and favourable retrocession buying at 1.1 2026, for which SCOR says improved market conditions led to lower retro cost with unchanged structure, partially offsetting inward business margin erosion, SCOR achieves an expected increase in its underwriting ratio of 2.0 percentage points.“In a more competitive environment, we are satisfied with the outcome of the 1.1 renewals, which combine growth with an adequate level of profitability.

SCOR achieved targeted growth of 4.7% for its traditional reinsurance, leveraging its franchise to grow with core clients under broadly stable terms and conditions, including attachment points.The increase in the net underwriting ratio is estimated at 2.0 percentage points, supported by our retrocession buying.I also want to highlight the continued momentum in Alternative Solutions, where we delivered another strong renewal season driven mostly by our core appetite for capital relief transactions.

Looking ahead, we believe SCOR can continue to play on its strengths to capture profitable opportunities,” said Jean-Paul Conoscente, CEO of P&C at SCOR.Looking ahead to the remaining 2026 renewals, SCOR says that it’s prepared for a continuation of the competitive market landscape..All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance can be accessed online.

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