4.4 Legal risk - Scor

In 2011, SCOR was affected by the following catastrophes which resulted in net estimated losses greater than EUR 10
million as at 31 December 2011:
Cat losses
Date of loss
Estimated loss
as at 31
December 2011
In EUR million
Adjusted
estimated loss
as at 31
December 2012
In EUR million
Floods in Queensland (Australia) January 2011 28 26
Cyclone Yasi in Australia February 2011 12 16
Melbourne floods (Australia) February 2011 12 12
Lyttleton Earthquake in New Zealand February 2011 110* 113
Earthquake in Japan March 2011 192 180
Tornadoes in Alabama (USA) April 2011 18 17
Tornadoes in Missouri (USA) May 2011 13 14
Storm in Arizona (USA) October 2010** 11 11
Forest fire in Slave Lake (Canada) June 2011 10 10
Earthquake in New Zealand June 2011 13 12
Floods in Denmark July 2011 38* 44
Floods in Thailand October 2011 138 213
Other natural catastrophes (less than EUR 10 million) 2011 41 42
(*) Resulting from best apportionment recoveries from Annual Aggregate cover based on expected payment patterns and subject to further adjustment depending upon
actual payment patterns
(**) Late information received from cedents in 2011
In 2010, SCOR was affected by the following catastrophes which resulted in net estimated losses greater than EUR 10
million:
Cat losses
Date of loss
Estimated loss
as at 31
December 2010
In EUR million
Adjusted estimated loss In
EUR million
as at
31
December
2011
31
December
2011
Earthquake in Haïti January 2010 18 17 17
Earthquake in Chile February 2010 106 101 101
Wind storm Xynthia February 2010 17 18 16
Scandinavian winter losses February 2010 12 14 13
Floods in Eastern Europe May 2010 28 32 33
Floods in Poland and Germany August 2010 10 12 11
Rainfalls in Denmark August 2010 11 9 10
2010 earthquake in New Zealand/ Floods in
Australia
other natural catastrophes (less than EUR 10
million)
September
2010/ December
2010
65 70
2010 51 57
73
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9.2.3 SCOR GLOBAL LIFE
SCOR Global Life offers a broad range of reinsurance facilities for individual and Group life insurance, life financing
reinsurance, annuities, health, disability, critical illness, long term care and personal accident.
In 2012, SCOR Global Life continued to grow profitably in a competitive life reinsurance market. It succeeded in further
strengthening its long-term business relationships with existing clients and gained new business partners. In addition SCOR
Global Life took a selective approach on writing new profitable business.
In Europe, SCOR Global Life has maintained its strong market position.
Asia/Pacific and Latin America remained markets with strong performance in terms of premium growth and profitability
during 2012.
On 9 August 2011 SCOR acquired the mortality risk reinsurance business of Transamerica Re (see “Paragraph 5.1.5
Important events in the development of the issuer’s business”, and “Paragraph 20.1.6.3 acquisitions and disposals”). With
this acquisition and the consolidation of its position in the United-states, SCOR Global Life improved its position in the
mortality-protection field.
In 2012, SCOR Global Life successfully continued to integrate the business acquired from Transamerica Re into its existing
business operations, through the transfer and novation of the non-US domestic portfolios acquired to the appropriate SGL
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