SCOR completes the acquisition of MutRe

French reinsurer SCOR said it has successfully completed its 100% acquisition of mutual reinsurer - MutRe S.A. SCOR has been a 33% shareholder and a major technical and commercial partner of MutRe since the company was created in 1998.

In mid July 2017, SCOR said that it has signed an agreement with the other two shareholders which represent approximately 15% of MutRe's capital - Federation Nationale de la Mutualite Francaise and MATMUT that it will acquire 100% of the shares of MutRe S.A.

The French reinsurer said that the MutRe acquisition will help SCOR, "to strengthen its Life & Health reinsurance offering to the French mutual insurance industry."

At the same time, the acquisition of MutRe, "is in line with the strategic plan "Vision in Action" and its profitability and solvency targets."

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