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SCOR: SCOR wins 'Best International Reinsurer on the Russian Market in 2008'

^{Published on 2009-03-26 07:53:43, Last Modified on 2009-03-26 07:54:34 - Market Wire}
 

PARIS--(Marketwire - March 26, 2009) - SCOR wins an award for "Best International Reinsurer on the Russian Market in 2008" at the thirteenth Russian Reinsurance Conference, organised in Moscow on 24 and 25 March by the All-Russian Insurance Association (ARIA).

This conference is a major event, bringing together around 600 professionals from the insurance and reinsurance sector, along with brokers and Russian and foreign journalists. Its objective is to promote business relations and an exchange of viewpoints on the major challenges facing the sector in the Commonwealth of Independent States (CIS) countries.

Victor Peignet, CEO of SCOR Global P&C, comments: "This prestigious prize rewards SCOR's commitment to the Life and Non- Life reinsurance market in the CIS. It is perfectly in line with our project to establish a fully-fledged subsidiary in Moscow".

SCOR submitted an application at the end of 2008 to obtain an operating licence in 2009. This new status will enable the Group to further expand and strengthen its activities across all of the CIS markets.

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Forward-looking statements

SCOR does not communicate "profit forecasts" in the sense of Article 2 of (EC) Regulation n degrees809/2004 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 SCOR's document de référence filed with the AMF on 5 March 2009 under number D.09-0099 (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.

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