SCOR Confirms Preliminary Discussions Regarding the Acquisition Of the Reinsurance Subsidiaries of GROUPAMA

Apr 04, 2001, 01:00 ET from SCOR Group

    PARIS, April 4 /PRNewswire/ -- SCOR confirms that private discussions are
 in process regarding the acquisition of SOREMA SA and SOREMA NA, reinsurance
 subsidiaries of GROUPAMA.
     If these preliminary discussions are brought to a successful conclusion,
 they could lead to an agreement within the next few weeks.
 
     With 30 offices around the world, serving clients in over 150 countries,
 SCOR is France's largest reinsurer and one of the industry world leaders.
 Thanks to its ability to provide innovative technical and service support,
 SCOR Group has built up a well balanced portfolio of Property and Casualty,
 Life, Accident & Health and Specialty reinsurance products and services.  The
 Group's ratings, which include AA from Fitch IBCA, A+ (Superior) from AM BEST
 and AA- from Standard & Poor's, reflect its financial strength and
 underwriting expertise.  SCOR shares, which belong to the SBF 120, Bloomberg
 European Insurance, NEXT 150 and Dow Jones STOXX indexes, are listed in Paris,
 Frankfurt and New York.  SCOR has a widely diversified international
 shareholder base, with more than 30,000 shareholders in 55 countries.
     SCOR publications, financial information, recent news and press releases
 are available on the World Wide Web at http://www.scor.com .
 
 

SOURCE SCOR Group
    PARIS, April 4 /PRNewswire/ -- SCOR confirms that private discussions are
 in process regarding the acquisition of SOREMA SA and SOREMA NA, reinsurance
 subsidiaries of GROUPAMA.
     If these preliminary discussions are brought to a successful conclusion,
 they could lead to an agreement within the next few weeks.
 
     With 30 offices around the world, serving clients in over 150 countries,
 SCOR is France's largest reinsurer and one of the industry world leaders.
 Thanks to its ability to provide innovative technical and service support,
 SCOR Group has built up a well balanced portfolio of Property and Casualty,
 Life, Accident & Health and Specialty reinsurance products and services.  The
 Group's ratings, which include AA from Fitch IBCA, A+ (Superior) from AM BEST
 and AA- from Standard & Poor's, reflect its financial strength and
 underwriting expertise.  SCOR shares, which belong to the SBF 120, Bloomberg
 European Insurance, NEXT 150 and Dow Jones STOXX indexes, are listed in Paris,
 Frankfurt and New York.  SCOR has a widely diversified international
 shareholder base, with more than 30,000 shareholders in 55 countries.
     SCOR publications, financial information, recent news and press releases
 are available on the World Wide Web at http://www.scor.com .
 
 SOURCE  SCOR Group