SCOR opens a SCOR Global P&C SE representative office in Kenya

Press Release
24 August 2017 - N° 20

SCOR opens a SCOR Global P&C SE
representative office in Kenya

  
Further to the initial approval granted in April 2016, the Insurance Regulatory Authority of Kenya (IRA) has confirmed its approval of the opening of a SCOR Global P&C SE representative office in Nairobi. The new office will become operational on 1 September 2017 and will be headed by Christian Ramamonjiarisoa. It will support SCOR's marketing activities in the East African markets.

The creation of this representative office in Kenya is part of the Group's "Vision in Action" strategic plan to further expand and deepen its franchise, in line with its business model based on proximity to markets and clients. It clearly demonstrates the Group's commitment to the African markets. SCOR has been writing business in Africa for more than 40 years.

The new Kenyan representative office will represent and promote SCOR Global P&C's expertise, capabilities and services in East Africa, with the aim of enhancing its contribution to the development of the markets in the region.

Victor Peignet, Chief Executive Officer of SCOR Global P&C, comments: "We welcome the approval granted by the Insurance Regulatory of Kenya to open a SCOR Global P&C representative office in Nairobi. The opening of the representative office will enable us to better market our customized solutions to our clients in the East African markets, in order to provide responses adapted to their evolving needs."

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Contact details

Marie-Laurence Bouchon
Group Head of Communications
+33 (0)1 58 44 75 43
mbouchon@scor.com

Ian Kelly
Head of Investor Relations
+44 203 207 8561
ikelly@scor.com

http://www.scor.com/

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 2016 reference document filed on 3 March 2017 under number D.17-0123 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".