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A.M. Best Europe-Ratings Services Ltd. in London said it upgraded the financial strength rating of Paris-based SCOR S.E. and its subsidiaries to "A" from "A-minus."

Reinsurers are increasingly looking to find a home in Europe as companies remain concerned about Bermuda's status with regard to tax legislation in the United States, according to Standard and Poor's.

Reinsurers are increasingly looking to find a home in Europe as companies remain concerned about Bermuda's status with regard to tax legislation in the United States, according to Standard and Poor's.

U.S. property and casualty reinsurers saw net premiums written drop 4 percent in the first half of 2010 compared to last year, while underwriting results deteriorated by nearly five points.

U.S. property and casualty reinsurers saw 2010 first-half net premiums written drop 4 percent compared to last year while their combined ratio increased to 98.7 from 93.8.

U.S. property and casualty reinsurers saw 2010 first-half net premiums written drop 4 percent compared to last year while their combined ratio increased to 98.7 from 93.8.

Fitch Ratings said it has upgraded the outlook on its "A" rating of SCOR SE and its subsidiaries to "positive" from "stable" to reflect "the resilience of the group's financial strength."

Non-U.S. organizations vaulted up a premium ranking of writers of excess and surplus lines insurance in the United States in 2009, although industrywide U.S. E&S premiums shrank for the third straight year.