25Jul11

Press release

Group

SCOR pursues its policy of offering its clients value-added services by acquiring 100% of the capital of SOLAREH SA

In line with its strategic plan for the period 2010-2013 “Strong Momentum”, SCOR has decided to extend and strengthen its value-added service offering for its insurer clients. To this end, SCOR Global Life SE, a subsidiary of SCOR SE, which already held 50% of the capital of SOLAREH SA, has acquired the remaining 50% by purchasing shares from Solareh International Inc.

In line with its strategic plan for the period 2010-2013 “Strong Momentum”, SCOR has decided to extend and strengthen its value-added service offering for its insurer clients. To this end, SCOR Global Life SE, a subsidiary of SCOR SE, which already held 50% of the capital of SOLAREH SA, has acquired the remaining 50% by purchasing shares from Solareh International Inc.
 
SOLAREH SA is a service provider established in France and Benelux for over ten years, which promotes concrete, tried and tested solutions for companies through insurance contracts, leading to a marked improvement in their performances. In life & health insurance, SOLAREH SA’s offer of services includes, in particular, post-traumatic support and crisis management in a professional environment, the management of sickness absence through assisting and supporting employees with their return to good health and to work, and the prevention of psychosocial risks for employees and managers. In property & liability insurance, SOLAREH SA proposes solutions for the prevention of post-traumatic stress following accidents or dramatic events.
 
SOLAREH SA counts 25 employees, supported by a network of over 1200 professionals, and has an annual turnover of around EUR 4 million on a market that is growing rapidly in France and Europe. Christian Mainguy has been CEO of SOLAREH SA since December 2010. As part of the integration of SOLAREH SA into SCOR, the company’s branding is scheduled to change in September.
 
 
Gilles Meyer, CEO of SCOR Global Life and Chairman of the Board of Directors of SOLAREH SA, comments: “With SOLAREH, SCOR Global Life is expanding its range of value-added services for its insurer clients, by providing them with solutions to control claims occurrence through risk prevention within the company and the management of sick leave.
 
 
For more information about SOLAREH SA and its range of services, go to www.solareh-sa.com

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