French reinsurer SCOR reported Q3 net income of €80m ($91m) and net profits for the first nine months of 2018 of €342m. The figures were in contrast to 2017's Q3 loss of €267m, a result of losses incurred from natural disasters including Hurricanes Harvey, Irma and Maria. SCOR CEO Denis Kessler said the strong results justified the company's rejection of minority stakeholder Covea's €8.2bn takeover offer last month. In its latest quarterly report, SCOR's chief executive officer Yves Bouvier said: "The company has been able to achieve positive operating performance thanks to continued investment into our business model and an improved balance sheet
French reinsurer SCOR reported Q3 net income of €80m ($91m) and net profits for the first nine months of 2018 of €342m. The figures were in contrast to 2017's Q3 loss of €267m, a result of losses incurred from natural disasters including Hurricanes Harvey, Irma and Maria. SCOR CEO Denis Kessler said the strong results justified the company's rejection of minority stakeholder Covea's €8.2bn takeover offer last month. SCOR's shares have gained around 15% since the August bid.