07Sep06

Press release

Group

The European Commission gives its green light to the combination of SCOR and Revios

The completion of the combination of Revios (Revios Rückversicherung AG) and SCOR remains subject to receipt of regulatory authorizations from the insurance supervisory commissions (or the equivalent bodies) in 7 jurisdictions where the Group operates and also to the approval of the anti-trust authorities in 4 jurisdictions, particularly the European Union.

The completion of the combination of Revios (Revios Rückversicherung AG) and SCOR remains subject to receipt of regulatory authorizations from the insurance supervisory commissions (or the equivalent bodies) in 7 jurisdictions where the Group operates and also to the approval of the anti-trust authorities in 4 jurisdictions, particularly the European Union.
 
SCOR is pleased to announce that the European Commission decided on 6 September 2006 not to oppose to the acquisition of Revios by the SCOR Group. The Commission declares this combination compatible with the common market and with the EEA Agreement.
 
This decision marks an important step in the combining of SCOR and Revios, whose merger to form SCOR Global Life will facilitate the creation of a Group ranked amongst the leading players on the European Life reinsurance market. 

Contact

Marie-Laurence Bouchon

Group Head of Communications

+33 (0)1 58 44 75 43

mbouchon@scor.com

 

Ian Kelly

Head of Investor Relations

+44 203 207 8561

ikelly@scor.com