August 23, 2005 14:04 ET

The SCOR Group opens a representative office in India, a high-potential market

Paris-La Défense Cedex -- (MARKET WIRE) -- August 23, 2005 -- The SCOR Group has obtained permission from the Indian regulatory authority (IRDA) to open a representative office in India, with a view to strengthening and developing its activities in the Non-Life reinsurance field. The SCOR Group believes that the Indian insurance market will continue to expand rapidly, and wishes to contribute to this expansion by bringing its reinsurance skills and risk analysis expertise to the market.

The opening of this Indian office, in Mumbai, forms part of SCOR's strategic development plans for rapidly growing markets on the Indian sub-continent and in the Asia-Pacific region. The Group expects to increase its written premiums on the Indian market by 20% from 2005. Mr. Santhana Gopalan has been appointed Manager of this representative office.

Asia-Pacific and the Indian subcontinent currently represent one fifth of Non-Life reinsurance premiums collected by the SCOR Group. SCOR currently has seven subsidiaries and representative offices on these markets in Singapore, Hong Kong, Tokyo, Seoul, Sydney, Labuan (Malaysia) and Beijing.

Mr. Santhana Gopalan, 54, is a chemical engineer by training. He previously held various positions at ARIG, which enabled him to gain a wide experience in both Facultative and Treaty underwriting, mainly on the Middle Eastern and Indian subcontinent markets. Mr. Gopalan was appointed Deputy General Manager of ARIG in 1997, and was responsible for underwriting and claims.

For further information, please contact:


Godefroy de Colombe - Director for Public Affairs

+ 33 (0)1 46 98 73 50

Stéphane Le May - Investor Relations Officer

+ 33 (0)1 46 98 70 61


* *

2005 Timetable

First half year results 2005 : 1 September 2005

Third quarter results 2005 : 3 November 2005

Certain statements contained in this press release relating to SCOR's plans, strategies and beliefs are forward-looking in nature and are based on management's assumptions and beliefs in light of the information currently available. The forward-looking statements involve risks and uncertainties that could cause actual results, performance or events to differ materially from those in such statements. Additional information regarding risks and uncertainties is set forth in the current annual report of the company.


Immeuble SCOR

1, Avenue du Général de Gaulle

92074 Paris La Défense Cedex


Tel +33 (0)1 46 98 70 00

Fax +33 (0)1 47 67 04 09

e-mail :

RCS Nanterre B 562 033 357

Siret 562 033 357 00020

Société Anonyme au Capital de 763 096 713 Euros

This information is provided by CompanynewsGroup

Contact Information