UPDATE 1-Reinsurer Scor keeps near-term outlook

* Keeps near-term outlook

* No major acquisitions planned

(Adds detail, background)

PARIS, July 8 (Reuters) - French reinsurer Scor (SCOR.PA) kept its near-term outlook on Wednesday and said it had no solvency issues and solid profitability, despite the blows dealt to the sector from the global financial crisis.

In a presentation to investors, Scor said it was sticking to its 2007-2010 strategic targets. In April, the company said its first quarter net profit fell 30 percent from a year earlier to 93 million euros ($130 million).

Scor's 2007-2010 goals include having a return on equity (ROE) of 900 basis points above the risk free rate over the 2007-2010 cycle and returning excess capital to shareholders.

In recent years, the global reinsurance sector has seen several large-scale takeover deals and earlier this month Bermuda-based reinsurer PartnerRe (PRE.N) said it would buy French rival Paris Re (PRI.PA) for $2 billion. [ID:nN05206325]

Scor, which bought Swiss rival Converium in 2007, said it had no plans for major acquisitions for the time being and would focus on organic growth.

The world's top three reinsurers are Munich Re (MUVGn.DE), Swiss Re (RUKN.VX) and the reinsurance operations of Warren Buffett's Berkshire Hathaway (BRKa.N) (BRKb.N).

In May, Munich Re reported a fall in first quarter profits and said it was adopting a conservative business policy to help it get through the financial crisis. [ID:nL5703066]

Scor shares were down 0.6 percent in late morning trade, while the DJ Stoxx European insurance sector .SXIP was down by 1.6 percent. Scor's stock price has fallen around 8 percent so far this year. ($1=.7154 Euro) (Reporting by Sudip Kar-Gupta; Editing by Jon Loades-Carter)