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SCOR has confirmed that the arbitration tribunal overseeing its dispute with Covéa over June 2021 retrocession treaties will keep to the original timetable, with a final ruling expected in 2026.
Providing some background, in 2022, SCOR filed an arbitration seeking the execution of the retrocession treaties signed with Covéa in June 2021.
At the end of July 2025, Covéa reportedly requested that the tribunal in charge of this dispute stay its proceedings.
Around the time of its Q2 2025 results, SCOR opposed this request.
The arbitration tribunal handling the dispute has now said it will maintain the original schedule, with a final ruling expected in 2026.
“All major arbitrations and disputes in which SCOR is involved are provisioned at best estimate in SCOR’s audited financial statements,” SCOR said.
The French reinsurer reported a rise in net income to €226 million in Q2 2025, reversing the loss of €308 million recorded in the second quarter of 2024.
This improvement was driven by strong performance across all business activities, including an improved Property & Casualty combined ratio of 82.5%, largely due to a favourable natural catastrophe experience.
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