For global reinsurance company SCOR, 2022 saw the company adding new quota share sidecar capacity from third-party investors to its retrocession program, as it looked to add more diversification to its retro capital sources, while strengthening its retro protection.
SCOR has always been a relatively significant buyer of retrocessional reinsurance protection, with its program usually being one of the earliest to hit the market in advance of the end of year renewal seasons.
Early marketing for SCOR’s retro program can begin in September, but in recent years market-forces have caused the structure to be adapted and SCOR to respond by adjusting the retro program to fit market appetites at the time.
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