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SCOR reported 2009 fourth-quarter profits increased 163 percent compared with the period in 2008, citing improved investment returns and risk management.

SCOR reported that its January renewals saw business volume up 7 percent, improved underwriting profitability and overall positive price changes

Chartis Insurance in New York said it had provided a portion of the insurance coverage on the under-construction Kleen Energy power plant that exploded Sunday in Middletown, Conn.

The end of 2009 saw the busiest fourth quarter ever for catastrophe bonds with issues exceeding $1 billion, and that high activity level should continue this year, Risk Management Solutions predicted.

U.S. reinsurers saw a slight decline in net premiums written during the first three quarters of 2009, but the business they wrote was far more profitable, a Reinsurance Association of America survey has revealed.

Nineteen U. S. property-casualty reinsurers wrote $18.7 billion of net premiums during the nine-months ended Sept. 30, 2009, compared to $19 billion for the same period in 2008, down less than 2 percent, according to the RAA.

SCOR said today it has been informed of arbitration results regarding the World Trade Center indemnification dispute between Allianz and SCOR--in that Allianz had not exceeded its rights and obligations.

SCOR said it is combining its U.K.-based property and casualty treaty reinsurance, P&C specialty lines and life reinsurance operations into one new office at10 Lime Street in London.