French reinsurer Scor has taken a 3.75% share in the International Group of P&I Clubs (IG) reinsurance tower for the 2026/27 year, Which Scor said reflected its strategic focus on growing its portfolio in areas like credit, surety, and political risks, alongside broader P&C reinsurance.
The private placement sits within Layer 1 from $100m to $750m (i.e. $650m excess of $100m).
For the International group it was understood the marine reinsurance programme renewed largely flat.
SCOR’s “Forward 2026” strategy strategizes simplified structures and enhanced efficiency. The reinsurer feels that these private placements offer flexible solutions beyond traditional market placements,
Scor said that private placements offered tailored solutions, allowing the reinsurer to provide coverage for risks such as malicious cyber and pandemics within the IG structure.
When The International Group of P&I Clubs (IG) finalized its Pooling and Group Excess of Loss (GXL) reinsurance structure for the 2026/27 policy year, it introduced two key changes. Following a relatively benign Pool claims environment for the 2022/23 and 2023/24 policy years, the 2024/25 and 2025/26 policy years have seen a move back towards a higher level of pool claims activity, more consistent with the 2019-2021 period,” IG said.
With this in mind, as part of the GXL, the IG has arranged four private placements amounting to 27.5% of Layer 1 of the programme ($650m excess of $100m), reducing the market share of Layer 1 from 75% to 72.5%.
The IG has also extended the cover offered by Clubs to their shipowner members by expanding Layer 3 of the GXL from $600m excess of $1.5bn to $850m excess of $1.5bn.
According to IG, this means that its Collective Overspill cover of $1bn was now in excess of $2.35bn, compared with $2.1bn in 2025/26.