SCOR SE : PRESS RELEASE | 6 Mars 2015 N° 7 – 2015 SCOR has been informed of the signing of a purchase agreement by Sompo Japan Nipponkoa Holdings,…
March 06, 2015 at 04:08 am EST
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PRESS RELEASE | 6 Mars 2015
N° 7 - 2015
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.
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Scor SE is the leading French reinsurance company. Gross written premiums per activity are distributed as follows:
- life and health reinsurance (51.2%);
- non-life reinsurance (48.8%): reinsurance against damages (coverage for damage to industrial and commercial property, vehicles, ships, and stored or transported merchandise, coverage for losses due to fire, and civil liability coverage) and specialties (coverage for risks in the agriculture, aviation, construction and credit guarantee fields).
Geographic distribution of gross written premiums is as follows: France (17%), Europe (44.7%), Far East (18.8%), North America (7.4%), South America (2.2%), Africa (0.7%) and other (9.2%).
SCOR SE 
