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Scor: SCOR awarded the 2013 "Prize for Best Financial Operation - M&A" by the Club des Trente

Press Release
28 May 2014

For more information, please contact:
Géraldine Fontaine +33 (0) 1 58 44 75

Antonio Moretti +33 (0) 1 58 44
77 15
Investor Relations Director

SCOR awarded the 2013
"Prize for Best Financial Operation - M&A"
by the Club des Trente

Yesterday evening, the SCOR Group was awarded the "Prix de la meilleure
opération financière - M&A"
(Prize for the Best Financial Operation) for 2013 by the Club des Trente, for
its acquisition of Generali US.

Each year, the Club des Trente, an association of CFOs of the leading French
companies, awards the Prize for Best Financial Operation in two categories:
"M&A" and "Financing".

The acquisition of Generali US, finalised on 1 October 2013, has enabled the
SCOR Group to become the market leader in the US life reinsurance market,
while keeping to the profitability and solvency targets of the "Optimal
Dynamics" plan.

The transaction has been financed without the issuance of new shares, in
particular thanks to SCOR's own resources and the issuance of CHF 250 million
perpetual subordinated notes. In addition, SCOR has limited the increase of
its mortality risk exposure in the USA by entering into a risk transfer
contract providing protection of USD 180 million against extreme mortality

The acquisition of Generali US was conducted with the support of BNP Paribas
and Deutsche Bank as financial advisers, Skadden, Arps, Slate, Meagher&Flom
LLP as legal adviser, actuarial firm Towers Watson and audit firm PwC.

Denis Kessler, Chairman&Chief Executive Officer of SCOR SE
, comments: "We are delighted to receive this prize from the Club des Trente
in recognition
of a successful acquisition of which SCOR is particularly proud. This
transaction is the fruit of a tremendous collective effort that involved many
areas of expertise within the Group and its advisors. With this operation,
which has resulted in a gain on purchase net of acquisition-related expenses
of EUR 183 million, SCOR has become the market leader in the US life
reinsurance market and has incorporated high-quality teams


* *

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 SCOR's Document de référence filed with the AMF on 05 March
2014 under number D. 14-0117 (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".

SCOR Press Release


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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


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