Denis Kessler, Chairman and Group Chief Executive, said in Singapore today that the Monetary Authority of Singapore (MAS) has authorized SCOR Asia-Pacific to file with the Labuan Offshore Financial Services Authority (LOFS) extension request license branch Non-Life SCOR Asia-Pacific in Labuan (Malaysia) to underwrite reinsurance contracts Retakaful consistent with the principles of Islamic finance. .

SCOR operates in Asia Pacific from its subsidiary SCOR Asia-Pacific in Singapore, which is attached to a network of subsidiaries and branches covering the entire region. This network was completed in 2000 by opening a branch in Labuan. It is from this branch that will further the activities of the Group Retakaful Asia.

Level policies or practices of rating agencies, the lowering or loss of one or more of the notes of financial strength or solvency of one or more of our subsidiaries, changes in levels of interest rates political risks in countries where we operate or in which we insure risksextraordinary events affecting our clients, such as bankruptcies and liquidationsrisks associated with implementing our business strategies, changes in rates exchange, changes in laws and regulations, including changes in accounting standards and taxation requirementsand a change in the level of competition.

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