Scor SE

Report Publication Announcement • Dec 18, 2009

Press Release (p.1/2) 18 December 2009 N° 40 – 2009

Co For further information, please contact: Beat Werder +33 (0)1 46 98 71 39 Chief Communications Officer Marco Circelli +44 (0)20 3207 8561 Head of Group Corporate Finance & Financial Communications

2009 Actuarial Awards: SCOR supports the development of actuarial science

On 17 December 2009 in Paris, André Levy-Lang, Associate Professor Emeritus at the University of Paris-Dauphine and President of the Jury, and Denis Kessler, Chairman and CEO of SCOR, awarded the actuarial prizes for France during a ceremony at the Cercle de l'Union Interalliée.

Two prizes were awarded: the Young Doctors' prize to Mr. Rivo Randrianarivony of Claude Bernard University in Lyon, for his thesis entitled "Prise en compte des discontinuités de cours financiers en assurance et finance" ("Taking account of financial rate discontinuities in insurance and finance"), and the Young Actuaries' prize to Mr. Grégory Dekimpe of the Catholic University of Louvain, for his dissertation "Variable Annuities : transfert d'une partie du risque de longévité au client" ("Variable Annuities: transferring part of longevity risk to the client").

The jury also decided to give a special mention to Mssrs. Bassem El-Hachem and Charles-Marie Delpuech, of ENSAE, for their dissertation entitled "Evaluation de tranches de CDO sur un portefeuille de LCDS (Loan Only Credit Default Swap)" ("The evaluation of CDO segments in LCDS (Loan Only Credit Default Swap) portfolios").

Jean-Luc Besson, SCOR's Chief Risk Officer, commented: "These prizes reward young actuaries for their innovative risk management projects, thereby demonstrating the importance that the SCOR group has placed on the development of actuarial science in Europe since 1996."

Prizes awarded in three other European countries

On 15 December in Milan, Italy, Professor Ricardo Ottaviani of La Sapienza University in Rome awarded the Italian prizes in the presence of Umberto Gavazzi, Europe, Middle East and Africa Director of SCOR Global P&C. The awards went to Mrs. Elena Pizzocaro for her study entitled: "The evaluation of the claim reserve using linear models" and to Mrs. Erica Ulrich for her paper entitled: "Recent developments of studies on mortality trends." Both prizewinners are from the Catholic University of Milan.

On 10 November in London, United Kingdom, Chris Daykin, former Head of the British Government's Actuarial Department, awarded two prizes from SCOR UK in the presence of Denis Kessler. The winners were Mrs. Radhika Sen, from Heriot Watt University, for her dissertation entitled "An Extension of the Lee-Carter Model to Project Mortality by Incorporating the Cohort Effect" and Mr. Faisal Baluch, from City University, for his study entitled "Systemic Risk: Financial Institutional Symmetry or Meso Idiosyncrasy? A comparison of the Banking & Insurance Sectors".

SCOR SE 1, av. du Général de Gaulle 92074 Paris La Défense Cdx France Tél + 33 (0) 1 46 98 70 00 Fax + 33 (0) 1 47 67 04 09 www.scor.com RCS Nanterre B 562 033 357 Siret 562 033 357 00020 Société Européenne au capital de 1 450 523 984,67 euros

Press Release (p.2/2) 18 December 2009

N° 40 – 2009

On 9 September in Munich, Germany, Hans-Joachim Zwiesler, professor at the University of Ulm and President of the Jury, along with Dietmar Zietsch, Managing director of the Cologne Hub, awarded the prizes for Germany. The winners were Mr. Gregor Svindland of Ludwig-Maximilian University in Munich, for his thesis entitled "Convex Risk Measures Beyond Bounded Risks", Mrs. Anja Blatter of the University of Karlsruhe, for her dissertation entitled "Optimal Control and Dependence Modelling of Insurance Portfolios with Lévy Dynamics" and Mr. Stefan Pohl of the University of Cologne, for his work entitled "Hauptfälligkeitsstorno in der Kraftfahrtversicherung – Zeitdiskrete Hazardraten-Analyse mit linkstrunkierten Daten" ("Cancelling at the principal expiry date in Motor Insurance - Discrete-time analysis of the risk rate with left-truncated data").

Each year SCOR rewards the best academic papers in the field of actuarial science with prizes. These prizes are designed to promote actuarial science, to develop and encourage research in this field and to contribute to the improvement of risk knowledge and management. Today, the SCOR prize is recognized in the insurance and reinsurance industries as a measure of competence. The number of applicants this year remained very high in all the participating countries.

The juries are composed of academics and insurance, reinsurance and financial professionals. The winning papers are selected using criteria including an excellent command of actuarial concepts, high-quality analysis instruments, and subjects that could have a practical application in the world of risk management.

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Forward-looking statements

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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.

Additional information regarding risks, uncertainties and pending litigations is set forth in the 2008 reference document registered with the AMF under number D.09-0099 ("Document de Référence") and subsequently updated in the half year report, both available on SCOR website www.scor.com. 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.

SCOR SE 1, av. du Général de Gaulle 92074 Paris La Défense Cdx France Tél + 33 (0) 1 46 98 70 00 Fax + 33 (0) 1 47 67 04 09 www.scor.com RCS Nanterre B 562 033 357 Siret 562 033 357 00020 Société Européenne au capital de 1 450 523 984,67 euros