SCOR sees European catastrophe reinsurance rates falling by high single to low double digits in a late 1 January renewal

Reinsurance News reported on 30 October that Conoscente gave his pricing view on the analyst call after SCOR's third-quarter and nine-month 2026 results. He said the decreases so far relate to a small number of European countries that are currently being quoted, and that the renewal process is still at an early stage.

He said many submissions had not yet reached reinsurers. Because recent loss experience has been good, he expects pricing pressure in catastrophe business to continue. Group chief executive Thierry Léger said SCOR's priority is "margin and quality over volume".

Reinsurance News noted that a fall of this size would be slightly smaller than a year earlier. At 1 January 2026, a broker index showed European property catastrophe rate-on-line down 15%, against 12% globally. At the mid-year renewals, the European index was broadly stable while the global index fell 16%.

Outside catastrophe business, Conoscente said loss-affected lines, including marine, energy and war, have seen significant price increases. SCOR's direct insurance arm is leaving US casualty and space.