Press Release
12 June 2014
For more information, please contact:
Géraldine Fontaine +33 (0) 1 58 44 75 58
Communications
Antonio Moretti +33 (0) 1 58 44 77 15
Investor Relations Director
SCOR is elected "Reinsurer of the Year"
at the Reactions London Market Awards
On 11 June 2014 in London, SCOR was elected "Reinsurer of the Year" at the prestigious Reactions London Market Awards.
Organised each year by Reactions magazine, these awards distinguish companies and individuals operating in the London market, as voted by worldwide insurance and reinsurance market professionals. Last year, the Reactions London Market Awards named SCOR CEO Denis Kessler "Reinsurance Company CEO of the year" for 2013.
This distinction follows on from Denis Kessler being elected this year to the International Insurance Society's Insurance Hall of Fame. Recently, SCOR was also awarded the "Prize for the Best Financial Operation in 2013" by the Club des Trente (an association of leading French company CFOs), for its acquisition of Generali US.
Denis Kessler, Chairman & Chief Executive Officer of SCOR, comments: "This is the fifth consecutive year that SCOR has received recognition from the Reactions London Market Awards and we feel very proud about it. Being recognised by our peers, brokers and clients in this way is a fitting complement to the very good momentum that SCOR is achieving in other respects, in terms notably of our strong financial performance. On behalf of SCOR I would like to thank all of our stakeholders for their contribution to this success."
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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".
