Source - GNW

Press Release
17 October 2016 - N° 25

SCOR is named
"Life Reinsurer of the Year 2016"
by Asia Insurance Review

SCOR was named "Life Reinsurer of the Year" at the Asia Insurance Review awards in Macau on October 11th, a new achievement following the recent "North American Life Reinsurer of the Year" award from Reactions Magazine (see press release distributed on October 6).

This prestigious award is a recognition of SCOR's success story in Asia-Pacific, stemming from long-term partnerships with its clients and market-leading innovation capabilities, helping insurers to develop and bring new products to the market. SCOR has built a strong Life reinsurance platform in Asia-Pacific to service its customers across 8 offices, ensuring strong local presence and expertise, with the Singapore and Hong Kong regional teams providing key support.

Expanding its footprint in Asia-Pacific is a key focus of SCOR's new "Vision in Action" strategic plan. Benefitting from strong macro-trends and building on strong foundations, SCOR is growing throughout the region with a broad Life & Health offering, leading Financial Solutions capabilities and its best-in-class Velogica automated underwriting solution (see announcement on our website).
           
Paolo De Martin, CEO of SCOR Global Life, comments: "We are very proud to receive this prominent award that acknowledges the great work done by our teams in the region. We have been active in the Asia-Pacific Life reinsurance markets for over 30 years and have established strong relationships with our clients there. As part of our "Vision in Action" strategic plan, we are continuing our investments in South Korea and Australia & New Zealand, and we have just launched new investments in Greater China, South East Asia and Japan".

*

*         *


Contact details

Marie-Laurence Bouchon
Group Head of Communications
+33 (0)1 58 44 75 43
[email protected]

Bertrand Bougon
Head of Investor Relations
& Rating Agencies
+33 (0)1 58 44 71 68
[email protected]

http://www.scor.com/

SCOR photo gallery

Twitter: @SCOR_SE

Forward-looking statements

SCOR does not communicate "profit forecasts" in the sense of Article 2 of (EC) Regulation n°809/2004 of the European Commission. Thus, any forward-.looking statements contained in this communication should not be held as corresponding to such profit forecasts. Information in this communication may include "forward-looking statements", including but not limited to statements that are predictions of or indicate future events, trends, plans or objectives, based on certain assumptions and include any statement which does not directly relate to a historical fact or current fact. Forward-looking statements are typically identified by words or phrases such as, without limitation, "anticipate", "assume", "believe", "continue", "estimate", "expect", "foresee", "intend", "may increase" and "may fluctuate" and similar expressions or by future or conditional verbs such as, without limitations, "will", "should", "would" and "could." Undue reliance should not be placed on such statements, because, by their nature, they are subject to known and unknown risks, uncertainties and other factors, which may cause actual results, on the one hand, to differ from any results expressed or implied by the present communication, on the other hand.
Please refer to the 2015 reference document filed on 4 March 2016 under number D.16-0108 with the French Autorité des marchés financiers (AMF) posted on SCOR's website www.scor.com (the "Document de Référence"), for a description of certain important factors, risks and uncertainties that may affect the business of the SCOR Group. As a result of the extreme and unprecedented volatility and disruption of the current global financial crisis, SCOR is exposed to significant financial, capital market and other risks, including movements in interest rates, credit spreads, equity prices, and currency movements, changes in rating agency policies or practices, and the lowering or loss of financial strength or other ratings.
The Group's financial information is prepared on the basis of IFRS and interpretations issued and approved by the European Union. This financial information does not constitute a set of financial statements for an interim period as defined by IAS 34 "Interim Financial Reporting". The Group's financial information is prepared on the basis of IFRS and interpretations issued and approved by the European Union. This financial information does not constitute a set of financial statements for an interim period as defined by IAS 34 "Interim Financial Reporting".




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SCOR via Globenewswire