Wednesday, April 4, 2007

Scor's Converium bid hopes boosted by profit surge

(Reuters) - PARIS, April 4 - French reinsurer Scor reported a surge in net profits on Wednesday that beat market forecasts and said it was determined to pursue its bid for Swiss rival Converium .

Scor said its underlying net profit last year rose 92 percent to 252 million euros before adding back 54 million euros of "badwill" linked to its acquisition of German reinsurer Revios last year.


Read more at Reuters.com Market News

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