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Scor SE Issues Cost Estimate for the Series of Hailstorms in Germany

Monday, 16 Sep 2013 02:58pm EDT 

Scor SE announced that its preliminary cost estimate for the series of hailstorms in Germany is approximately EUR 50 million, after retrocession and reinstatements and before tax. Following the June flooding in the country, cedants in Germany suffered losses in the series of damaging hailstorms principally comprising Andreas and Ernst. Andreas, which occurred on July 27 and 28, 2013, was estimated at about EUR 34 million for Scor SE`s share. 

Company Quote

28 May 2015