SOURCE: SCOR Holding (Switzerland) AG

October 22, 2007 01:00 ET

SCOR Holding (Switzerland) Ltd. discontinues publishing quarterly financial information with immediate effect

ZURICH, SWITZERLAND--(Marketwire - October 22, 2007) - As a result of the acquisition of SCOR Holding (Switzerland) Ltd. (formerly Converium Holding Ltd.) by the SCOR Group, SCOR Holding (Switzerland) Ltd. will discontinue publishing quarterly financial information with immediate effect. SCOR Holding (Switzerland) Ltd. will continue to comply with all applicable mandatory legal and regulatory disclosure obligations until the delisting of its shares from the SWX Swiss Exchange and of its American Depositary Shares from the New York Stock Exchange and the deregistration of its securities and termination of its reporting requirements under the US Securities Exchange Act of 1934.

SCOR Holding (Switzerland) Ltd. has been notified by SCOR SE ("SCOR") that the SCOR Group now holds over 98% of the voting rights of SCOR Holding (Switzerland) Ltd. and was informed by SCOR of its intention to file a cancellation action in respect of the remaining shares of SCOR Holding (Switzerland) Ltd. not owned by the SCOR Group in accordance with article 33 of the Swiss Stock Exchanges and Securities Trading Act.

Following the acquisition of SCOR Holding (Switzerland) Ltd. (formerly Converium Holding Ltd.) by the SCOR Group, Roland Imfeld was named the new Head of Human Resources for the Zurich hub. Christiane Bisanzio, former Head of Human Resources, leaves the company with immediate effect. Jakob Eugster, previously Executive Vice President for Standard Property & Casualty Reinsurance, also leaves the company with immediate effect.

Enquiries

Communications                Marco Circelli
Phone:     +41 44 639 90 22   Head of Investor Relations
Fax:       +41 44 639 70 22   mcircelli@scor.com
                              Phone:      +41 44 639 91 31
                              Fax:        +41 44 639 71 31

                              Inken Ehrich
                              Investor Relations Specialist
                              mehrich@scor.com
                              Phone:      +41 44 639 90 94
                              Fax:        +41 44 639 70 94

Converium Holding (Switzerland) Ltd.

Converium Holding (Switzerland) Ltd. is a subsidiary of SCOR SE and is based in Zurich, Switzerland. The Company has an "A-" ("strong") financial strength rating (outlook stable) from Standard & Poor's and a "A-" ("excellent") financial strength rating (outlook stable) from A.M. Best Company.

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