US casualty segment also affected
SCOR SE is reducing its exposure to climate-related risks and US casualty due to pricing not keeping up with exposure, according to Jean-Paul Conoscente, CEO of SCOR P&C.
SCOR is also building buffers into its reserving for both short- and long-tail lines, according to chief financial officer François de Varenne. This includes a conservative €62 million ($67.4 million) net reserve