22Aug07

Press release

Group

The SCOR Group now holds 98.67% of ReMark, a global insurance direct-marketing company

SCOR Global Life SE now holds 98.67% of the capital of ReMark Group B.V. ("ReMark"), through a series of acquisitions dating from November 2006 when SCOR held 10.21%. This acquisition demonstrates the ambition of SCOR SE (“SCOR”) to grow its reinsurance business in partnership with a company specialized particularly in the direct sale of individual accident insurance.

SCOR Global Life SE now holds 98.67% of the capital of ReMark Group B.V. ("ReMark"), through a series of acquisitions dating from November 2006 when SCOR held 10.21%. This acquisition demonstrates the ambition of SCOR SE (“SCOR”) to grow its reinsurance business in partnership with a company specialized particularly in the direct sale of individual accident insurance.  
 
ReMark does business in 33 countries through its 12 offices around the world, has 149 employees and produced EUR 167.12 Million in insurance premiums in 2006.  Through ReMark, SCOR was able to generate EUR 59.6 Million in reinsurance premiums for itself in 2006.  This business should benefit from significant growth in coming years.
 
ReMark is attached to the Business Unit n°1 of SCOR Global Life SE, headed by Mr. Gilles Meyer. 
 
SCOR Global Life SE also acquired, on the 8th of August 2007, 100% of Alfinanz Asia, another company specialized in the direct marketing of insurance products, demonstrating thereby the SCOR Group’s intention to strengthen the ReMark teams in Asia and to expand in this high growth potential market.   
 
Mr. Stephen Collins has been named Managing Director for ReMark International, the operational holding company 100% owned by ReMark. Stephen Collins, 42 yrs. old, holds a degree from the Australian Graduate School of Management of the University of New South Wales. He has more than 20 years of industry experience in nine different countries, in the fields of retail financial services and consulting (bankassurance, direct marketing and distribution, reinsurance). Since 1998, he has occupied several senior positions within ReMark. In June 2006, he founded and became Chief Executive Officer of Alfinanz Asia.

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