SCOR to Operate Chinese P&C Branch

The SCOR group has received final approval to start operating a Property and Casualty branch in China. The endorsement of SCOR’s request to set up a nationwide non-life reinsurance operation by the China Insurance Regulatory Commission (CIRC) will enable SCOR to further accentuate its strong commitment to this fast-growing insurance market. The SCOR SE Beijing Branch will be headed by General Manager Min Wu. The SCOR group opened a representative office in Beijing in 2000 and obtained the CIRC’s approval to apply for the establishment of a non-life reinsurance branch in October 2006. SCOR’s local presence has enabled it to maintain close contacts with the Chinese market, establishing treaty and facultative business relationships with a growing number of domestic insurance and reinsurance companies. Through its wide range of training programs, SCOR has traditionally also taken a very active role in the development of local insurance and reinsurance expertise and awareness. Since its creation in 2000, the Beijing office has organized more than 20 technical seminars and workshops.