SCOR receives approval to open a branch of SCOR Global Life SE in Japan
(Thomson Reuters ONE) -
Press Release
3 April 2017 - N° 10
SCOR receives approval to open a branch
of SCOR Global Life SE in Japan
The Financial Services Agency of Japan (FSA) has granted SCOR Global Life SE
approval to open a branch office in Tokyo as of April 4, 2017. The new branch,
SCOR Global Life SE Japan Branch, will allow SCOR to conduct Life and Health
reinsurance business in Japan.
SCOR has had a presence in Japan since 1983 when SCOR set up Japan Liaison
Office.
The establishment of this branch office in Japan is part of the Group's "Vision
in Action" strategic plan to expand and deepen its franchise, and clearly
demonstrates the Group's commitment to the Japanese market.
The new Japanese branch will focus on delivering innovative products,
underwriting, claims and risk solutions to the Life and Health market (First and
Third Sector product lines in Japan) and will leverage on SCOR's expertise,
particularly in Long-Term Care, Critical Illness, other health products and
distribution solutions.
Paolo De Martin, Chief Executive Officer of SCOR Global Life, comments: "We
welcome the approval granted by the Financial Services Agency of Japan to open a
SCOR Global Life branch office in Tokyo. The opening of the branch will enable
us to deliver new and innovative solutions to support our customers in the
Japanese life market."
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Contact details
Marie-Laurence Bouchon
Group Head of Communications
+33 (0)1 58 44 75 43
mbouchon(at)scor.com
Ian Kelly
Head of Investor Relations
+44 203 207 8561
ikelly(at)scor.com
http://www.scor.com/
SCOR photo gallery
Twitter: (at)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".
Press Release:
http://hugin.info/143549/R/2093200/791248.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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
Unternehmensinformation / Kurzprofil:
Datum: 03.04.2017 - 18:50 Uhr
Sprache: Deutsch
News-ID 534075
Anzahl Zeichen: 5471
contact information:
Town:
Paris
Kategorie:
Business News
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