SCOR welcomes Standard & Poor’s decision to affirm its ‘AA-’ rating with ‘stable outlook’, recognizing the Group’s ability to absorb the shock of the COVID-19 pandemic crisis
This decision demonstrates the Group’s ability to offer its clients an optimum level of security.
The consolidation of SCOR Shares will take place tomorrow morning, 3 January 2007, at the opening of Euronext Paris.
SCOR has successfully sponsored a new catastrophe bond (“CAT Bond”). On December 21, 2006, SCOR entered into a multi-year property catastrophe retrocession agreement with Atlas Reinsurance III p.l.c. (“Atlas III”). Atlas III is a special purpose reinsurance company incorporated under the laws of Ireland in order to provide EUR 120 million of additional reinsurance coverage for SCOR and its...
The Annual General Meeting held on 16 May 2006 approved the consolidation of 10 SCOR shares into 1 new share and decided that the period in which old shares could be exchanged for new shares would begin two weeks after the announcement of the share consolidation in the Bulletin des Annonces légales obligatoires (French official bulletin of legal notices). Applying this decision, the Board of...
SCOR announces the successful completion of its EUR 377 million capital increase with preferential subscription rights
SCOR announces the successful completion of its EUR 377 million capital increase with preferential subscription rights.
The transaction between SCOR and GLOBALE Rückversicherung-AG regarding the acquisition of Revios Rückversicherung-AG was closed on November 21st 2006. The combination between Revios and SCOR Vie is now effective and Revios and SCOR Vie will shortly merge to create a new entity, SCOR Global Life.
SCOR is pleased with Fitch’s decision to upgrade the rating of the Group and its subsidiaries from “BBB+” to “A-, stable outlook”.
SCOR launches a capital increase with preservation of preferential subscription rights in the amount of EUR 376,743,524.50 primarily in order to finance the acquisition of Revios Rückversicherungs AG.
SCOR Vie has signed a protocol agreement for the acquisition of ReMark Group B.V. (“ReMark”) shares held by Miklo Beheer B.V. (”Miklo”), for EUR 22.5 million subject to the usual conditions, thereby increasing its shareholding in the capital of ReMark, which has stood at 10.2% since 1994. Following this transaction, SCOR will hold 39.7% of ReMark’s capital and 40.2% of the voting rights.
Results for the first nine months of 2006.
The SCOR Group is pleased to have received the approval of the China Insurance Regulatory Commission (CIRC) for a reinsurancev licence in China that will enable it to open a branch in Beijing with a view to conducting property & casualty reinsurance transactions.