06Mar15

Press release

Group

SCOR has been informed of the signing of a purchase agreement by Sompo Japan Nipponkoa Holdings, Inc. (SOMPO)

The purchase agreement concerns the entire holding of Patinex AG in SCOR (i.e. 7.8% of SCOR’s capital and 8.1% of its voting rights).

SCOR has been informed of the signing of a purchase agreement by Sompo Japan Nipponkoa Holdings, Inc. (SOMPO), a Japanese insurance company, concerning the entire holding of Patinex AG in SCOR (i.e. 7.8% of SCOR’s capital and 8.1% of its voting rights). SOMPO has declared that it wishes to increase this holding to 15%, subject to the receipt of the required regulatory approvals. 
 
SCOR was not a party in this transaction.
 
SCOR thanks Martin Ebner and Patinex AG for their active support of the SCOR group since the 2007 combination of SCOR and Converium, and for their contribution to the Group’s development. 
 
SCOR, an independent company, welcomes SOMPO as a long-term shareholder with the same rights and duties as all its shareholders. 
 
This holding has no impact on the strategic development of SCOR, which actively continues to implement its strategic plan “Optimal Dynamics”, or on its corporate governance or management. SCOR will continue to serve all of its clients, in Japan and throughout the world, with the same level of professionalism, integrity and rigour that are the core of the Group’s values.

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