French reinsurer Scor Global P&C imposed a price rise of 1.9% net of inflation during the January renewals.

The volume of gross written premiums increased 9% to €2.5 billion ($3.2 billion) and technical profitability is expected to improve 1.3%.

Around half of Scor’s premiums were up for renewal in January. It attributes “satisfactory pricing conditions” to long-term relationships with cedants and active portfolio management.

For non-life treaties, premiums increased 9% to €1.89 billion ($2.4 billion) and pricing conditions are up more than 2%.

Strong growth was recorded in emerging countries (48% in Asia, 16% in Latin America and 12% in Africa and the Middle East).

For specialty treaties, premiums increased 9% to €617 million ($799 million) and prices rose more than 1%.

This was driven by strong performance in the marine branch, up 11%, where pricing conditions improved after a year of losses including the Costa Concordia shipwreck and Superstorm Sandy.

Scor says it has maintained stable price levels and premium volume in a difficult aviation reinsurance market.

Scor Global P&C CEO Victor Peignet says the group “continues to benefit from a positive commercial and financial dynamic”.

Global insurers “are continuing to review their reinsurance protection structures and the placement of their programs with a more global approach,” he said. “They are turning more towards peak risk and accumulated loss coverage.”