French reinsurance company SCOR has completed the first half with a net profit of 26 million euros, more than 90% lower than the same period last year (286 million euros).
According to “Ukrstroy”, the profit figure of the company for the second quarter fell by 188% to: from 155 million euros net profit in 2019 to a loss of 136 million euros for the second quarter of this year.
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Gross premium income for the first six months remained almost unchanged: 8.2 billion euros (+2.3 percent). The total amount of claims for the risk of a pandemic Covid-19 for SCOR was EUR 248 million.
“Faced with the pandemic Covid-19, SCOR demonstrates once again its ability to withstand major shocks. SCOR is actively implementing a strategic plan for “Quantum leap”, combining growth, solvency and profitability,” said Chairman and chief Executive officer of SCOR se Denis Kessle.
Insurance market Lloyd’s of coronavirus appears not earlier than in September – media
As previously reported, one of the largest insurance market – Lloyd’s of London – plans to reopen headquarters on 1 September, with the obligation to ensure the safety of employees and customers.
Earlier it was reported that the total value of the funds directed MetLife to help victims of the pandemic Covid-19, in excess of $250 million, and the portfolio of responsible investments is $58 billion.
To create an inclusive working environment, the company became the first insurer to join the Global coalition of innovative women, and the fifth year in a row, falls into the gender equality Index Bloomberg.