SCOR disputes that the State aid granted to the CCR is compatible with the internal market and intends to take recourse against today's decision by the European Commission - Seite 2

Like other European countries, SCOR continues to consider that its citizens should be protected against natural catastrophes through a scheme that respects the spirit and the rules of competition law.

SCOR considers that the CCR and the State should in any event abstain from involvement in the coverage of natural catastrophes outside of France.

SCOR will take all action necessary with the relevant authorities to ensure that the current scheme evolves.

 

   

 

Contact details

 

Marie-Laurence Bouchon

Group Head of Communications

[phone]

[e-mail]

 

 

Bertrand Bougon

Head of Investor Relations

& Rating Agencies

[phone]

[e-mail]

 

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".

SCOR Press Release

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Source: SCOR via Globenewswire