Subscription and share purchase options exercised by the Corporate Officer Options exercised by the Executive and Corporate Officer (nominative list) Number of options exercised during the period Date of the plan Exercise price Denis Kessler - - - Performance shares granted to the Corporate Officer Performance shares granted during the period to the Corporate Officer by the issuer or by another company of the Group Date of the plan Number of shares granted during the period Valuation of shares as per method used in the consolidated accounts In EUR Acquisition date Date of ownership transfer Denis Kessler 3 May 2012 125,000 2,063,750 4 May 2014 4 May 2016 Performance shares acquired by the Corporate Officer Performance share acquired during the period by the Corporate Officer by the issuer or by another company of the Group (nominative list) Number of shares acquired during the period Date of the plan Denis Kessler 75,000 7 May 2008 Conditions of acquisition Requirement of presence at the company as at 30 April 2010 Performance conditions 15.1.2.2 Gross remuneration to Executive Committee members (COMEX) other than the Chairman as at 31 December 2012 The following table presents the gross compensation related to fiscal years 2012, 2011 and 2010 and paid in 2012, 2011 and 2010 to the members of the Executive Committee: Members of the Executive Committee - Gross Compensation 2012 2011 2010 In EUR Related to Paid Related to Paid Related to Paid Benjamin Gentsch (Paid in CHF (1) ) 891,357 835,645 816,550 868,095 868,095 868,095 Frieder Knüpling (2) 557,160 497,432 457,432 419,110 339,110 257,360 Paolo De Martin (Paid in CHF (1) ) 1,290,859 1,290,281 1,261,331 1,216,715 1,233,029 1,215,595 Gilles Meyer (6) 1,165,701 1,016,760 864,197 882,286 854,312 833,335 Victor Peignet 1,306,743 1,074,563 924,200 925,887 904,208 818,853 Paul Rutledge (4) (Paid in USD) 682,742 524,117 269,678 148,018 N/A N/A Philippe Trainar (3) 684,581 618,921 568,100 535,060 436,960 321,203 François de Varenne 864,241 797,821 747,703 720,123 619,434 612,457 Members of the Executive Committee 7,443,384 6,655,540 5,909,191 5,715,294 5,255,148 4,926,898 Denis Kessler 2,198,000 2,113,500 2,108,300 2,242,800 2,241,250 2,242,850 Executive Committee (5) 9,641,384 8,769,040 8,017,491 7,958,094 7,496,398 7,169,748 (1) The compensation is paid in CHF, the exchange rate used is: 1 EUR = 1.2045 CHF (2) Frieder Knüpling is member of the COMEX since 1 July 2010. He is Deputy Group Chief Risk Officer since 1 October 2012 (3) Philippe Trainar is member of the COMEX since 1 April 2010 as Group Chief Risk Officer (4) Paul Rutledge is member of the COMEX since 10 August 2011 as CEO of SCOR Global Life America and Deputy CEO for SCOR Global Life. The compensation is paid in USD, the exchange rate used is: 1 EUR = 1.2843 USD. Amounts are calculated and paid since 10 August 2011 (5) Including the Chairman and Chief Executive Officer for whose remuneration details are available in Section 15.1.2.1 (6) The compensation is paid in CHF from 1 October 2011. The compensation is paid in CHF, the exchange rate used is: 1 EUR = 1.2045 CHF. The Compensation and Nomination Committee proposes to the Board of Directors the variable compensation attributed to the members of the Executive Committee (other than the Chairman and Chief Executive Officer) in agreement with the Chairman and Chief Executive Officer. The variable portion of the compensation presented in the table below depends, on the one hand, on the achievement of individual objectives and, on the other hand, on the achievement of the Group’s earnings objectives, which are based on return on equity (or ROE). 140
The following table presents the components of the gross compensation for fiscal years 2012, 2011 and 2010 for the members of the Executive Committee (other than the Chairman and Chief Executive Officer). Fixed compensatio n Variable compensatio n Year 2012 Year 2011 Gross Fixed Premiums/ compensatio compensatio Allowances n n Variable compensatio n In EUR Benjamin Gentsch (Paid in CHF (1) ) 498,132 358,655 34,570 (2) 891,357 479,037 302,943 Frieder Knüpling (8) 320,000 236,800 360 557,160 280,000 177,072 Paolo De Martin (Paid in CHF (1) ) 705,687 550,436 34,736 (2) 1,290,859 673,292 552,348 (6) Gilles Meyer (5) 673,292 457,839 34,570 (2) 1,165,701 543,323 308,898 (7) Victor Peignet 700,000 602,000 (10) 4,743 1,306,743 550,000 369,820 (7) Paul Rutledge (Paid in USD (3) ) 380,932 288,873 12,937 682,742 155,547 108,740 Philippe Trainar (9) 400,000 280,000 4,581 684,581 350,000 214,340 François de Varenne 500,000 360,000 4,241 864,241 450,000 293,580 (1) The compensation is paid in CHF, the exchange rate used is: 1 EUR = 1.2045 CHF (the exchange rate of reference for the DDR) (2) Those allowances cover business expenses (3) The compensation is paid in USD since 10 August 2011, the exchange rate used is: 1 EUR = 1.2843 USD (the exchange rate of reference for the DDR) (4) This amount includes an expatriation premium related to fiscal year 2010 (5) The compensation is paid in CHF from 1 October 2011. The compensation is paid in CHF, the exchange rate used is: 1 EUR = 1.2045 CHF. (6) This amount includes a specific bonus of CHF 120,000 for the Transamerica Re acquisition (7) This amount includes an expatriation premium related to fiscal year 2011 (8) Frieder Knüpling is member of the COMEX since 1 July 2010. He is Deputy Chief Risk Officer since 1 October 2012 (9) Philippe Trainar is member of the COMEX since 1 April 2010 as Chief Risk Officer (10) This amount includes an expatriation bonus for 2012 The following table presents the components of the actual gross compensation paid in 2012, 2011, 2010 to the members of the Executive Committee (other than the Chairman and Chief Executive Officer). Fixed compensatio n Variable compensatio n Year 2012 Year 2011 Gross Fixed Premiums/ compensatio compensatio Allowances n n Variable compensatio n In EUR Benjamin Gentsch (Paid in CHF (1) ) 498,132 302,943 34,570 (2) 835,645 479,037 354,487 Frieder Knüpling (6) 320,000 177,072 360 497,432 280,000 138,750 Paolo de Martin (Paid in CHF (1) ) 705,687 539,895 44,699 (2)(8) 1,290,281 673,292 512,714 Gilles Meyer (5) 673,292 308,898 34,570 (2) 1,016,760 543,323 319,850 Victor Peignet 700,000 369,820 4,743 1,074,563 550,000 360,550 Paul Rutledge (Paid in USD (4) ) 380,932 130,248 12,937 524,117 155,547 N/A Philippe Trainar (7) 400,000 214,340 4,581 618,921 350,000 181,300 François de Varenne 500,000 293,580 4,241 797,821 450,000 266,000 (1) The compensation is paid in CHF, the exchange rate used is: 1 EUR = 1.2045 CHF (the exchange rate of reference for the DDR) (2) Those allowances cover business expenses (3) This amount includes an expatriation premium related to fiscal year 2010. (4) The compensation is paid in USD since 10 August 2011, the exchange rate used is: 1 EUR = 1.2843 USD (the exchange rate of reference for the DDR) (5) The compensation is paid in CHF from 1 October 2011. The compensation is paid in CHF, the exchange rate used is: 1 EUR = 1.2045 CHF. (6) Frieder Knüpling is member of the COMEX since 1 July 2010. He is Deputy Chief Risk Officer since 1 October 2012 (7) Philippe Trainar is member of the COMEX since 1 April 2010 as Chief Risk Officer (8) This amount includes a payroll adjustment of CHF 12,000 (EUR 9,963) for the years 2011 and 2010 141
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NOTICE Certain statements contained
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1 Person responsible 8 1.1 Name and
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13 Profit forecasts or estimates 11
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8 PERSON RESPONSIBLE
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1 PERSON RESPONSIBLE 1.1 Name and t
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2.1 Auditors 13 2.2 Resignation or
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14 SELECTED FINANCIAL INFORMATION
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3 GROUP KEY FIGURES (UNDER CURRENT
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4.1 Risk related to the business en
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claims or surrenders of policies th
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B. Life reinsurance The main catego
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statutory reserve requirements or h
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B. SCOR is exposed to Guaranteed Mi
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4.1.9 FINANCIAL RATINGS PLAY AN IMP
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and amortization expenses related t
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F. Deposits with custodians As part
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4.2.2 SCOR FACES RISKS RELATED TO I
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Details of intangible assets, relat
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4.4.2 INCONSISTENT APPLICATION OF E
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See “Appendix B - II. Internal co
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5.1 History and development of the
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proportion of the voting rights hel
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Gerling Global Re Group, which deve
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5.2 Investments 5.2.1 PRINCIPAL INV
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6.1 Primary activities 53 6.2 Princ
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The targets of the strategic plan a
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B. Proportional and non-proportiona
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payment of commercial debts. Surety
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Long-Term Care Long-Term Care (“L
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with local lines of business and po
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transfer solutions (e.g., catastrop
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Retrocession procedures are central
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The portion invested in fixed incom
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6.2 Principal markets SCOR is chara
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On 6 March 2010, STOXX announced SC
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The premiums up for renewal, which
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75 ORGANIZATIONAL STRUCTURE
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E U R O P E 7 ORGANIZATIONAL STRUCT
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7.1.1.2 Project "New SCOR" In conne
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7.2 List of issuer’s significant
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8.1 Major existing or planned prope
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86 OPERATING AND FINANCIAL REVIEW
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9 OPERATING AND FINANCIAL REVIEW Th
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- Page 120 and 121: Name Date of Birth Other principal
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20 FINANCIAL INFORMATION CONCERNING
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LIABILITIES AS AT 31 DECEMBER In EU
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20.1.3 CONSOLIDATED STATEMENTS OF C
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20.1.5 CONSOLIDATED STATEMENTS OF C
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20.1.6 NOTES TO THE CONSOLIDATED FI
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• Amendments to IAS 19 - Employee
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Intangible assets The cost of intan
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(e) Cash and cash equivalents Cash
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Impairment of financial assets At e
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available and the reserves are adju
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Shadow accounting For the measureme
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together with actuarial assumptions
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The following table sets forth the
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CASH FLOWS BY SEGMENT The cash flow
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SCOR recognised the redemption rece
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PRO FORMA STATEMENT OF INCOME 2011
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2009 In EUR million (1) Provisional
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The Group conducted its annual asse
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20.1.6.6 NOTE 6 - INSURANCE BUSINES
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(B) MOVEMENTS IN LEVEL 3 FINANCIAL
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Financial lease contracts The Group
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At 31 December 2012 and 2011, the u
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MORTALITY SWAPS On 1 January 2008,
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20.1.6.10 NOTE 10 - ASSUMED AND CED
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Issued share capital The number of
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CAPITAL MANAGEMENT POLICY, OBJECTIV
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Share-based payments The caption
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SCOR has entered into a cross-curre
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SCOR Global P&C The table below sho
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The table below is a reconciliation
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(C) SHARE OF RETROCESSIONAIRES IN C
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(c) Defined benefits pension cost 2
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The following table summarizes the
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The table below presents the change
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The performance conditions will be
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In 2010 the tax rate change impact
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Applying the deferred tax netting m
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These expenses are further allocate
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In the event of termination of the
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SIGNIFICANT SUBSIDIARIES, INVESTMEN
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20.1.6.25 NOTE 25 - COMMITMENTS REC
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and documented before the pricing i
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(iv) Pandemic In Life reinsurance,
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Different types of GMDBs are covere
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(b) Receivables from retrocessionai
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(i) Default of pool members SCOR pa
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Additional information on the timin
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On the other hand, an increase in i
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The market sensitivities of the Gro
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20.2 Auditing of historical consoli
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Other information audited by the le
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21.1 Share capital 293 21.2 Charter
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Directors of SCOR SE decided on 28
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Number initially authorized (date o
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Objective 1. Stimulation of the sec
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21.1.7 HISTORY OF THE COMPANY’S S
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Board of Directors’ borrowing pow
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maintained by BNP on our behalf. Ea
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Proxies may be granted by a shareho
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Shareholders’ Meeting that may ta
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22 MATERIAL CONTRACTS None. 310
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23.1 Expert’s report 313 23.2 Inf
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314 DOCUMENTS ON DISPLAY
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316 INFORMATION ON HOLDINGS
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318 NON FINANCIAL INFORMATION
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320 FEES PAID BY THE GROUP TO THE A
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322 PUBLISHED INFORMATION
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28 PUBLISHED INFORMATION 28.1 Infor
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Date Subject Marchés Financiers 27
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328
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1.1 Significant events of the year
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1.2 Balance sheet 1.2.1 BALANCE SHE
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1.3 Income statement In EUR million
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In EUR million NON-UNDERWRITING ACC
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1.5 NOTES TO THE CORPORATE FINANCIA
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1.7 RECORDING OF REINSURANCE TRANSA
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1.12 FINANCIAL INSTRUMENTS RECEIVED
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Name Original currency Share capita
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NOTE 4 - TRANSACTIONS WITH SUBSIDIA
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(b) Financial liabilities • Initi
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• EUR 44 million in reserves for
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NOTE 10 - ANALYSIS OF GENERAL EXPEN
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Number of which to Group directors
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NOTE 15 - ANALYSIS OF COMMITMENTS G
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Appeal of Versailles. On the basis
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aforementioned notes is appropriate
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362 APPENDIX B: REPORT OF THE CHAIR
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APPENDIX B: REPORT OF THE CHAIRMAN
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Pursuant to the Internal Charter, t
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Lastly, Directors are required to i
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The Audit Committee is composed of
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Every year, the conditions of remun
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Moreover, the Chairman and Chief Ex
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The Group SCOR consists of the pare
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Within this environment, control re
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organization, training sessions tar
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For SCOR Global Life: - an internal
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(D) INFORMATION AND COMMUNICATION
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• enhanced audit trail. The initi
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Other information We confirm that t
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APPENDIX C: GLOSSARY* *This glossar
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D DECENNIAL INSURANCE Decennial ins
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M MARINE AND AVIATION INSURANCE ALS
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RETROCESSION Transaction in which t
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elevant at the date of acquisition.
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1 Operating and financial review of
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1.2 Operating results of SCOR SE du
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3.2 Group social indicators 3.2.1 D
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As a global company organised into
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3.2.10 Distribution by age Indicato
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in cooperation with the company doc
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- The items pertain to the entire G
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• Two approaches have been develo
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POLLUTION AND WASTE MANAGEMENT Info
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BIODIVERSITY PROTECTION formation r
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The Group’s French subsidiaries a
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5.5 OTHER ACTIONS TAKEN IN SUPPORT
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7 STATUTORY AUDITORS’REPORT ON TH
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426 APPENDIX E: CROSS REFERENCE TAB
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European Company With a share capit