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Scor to acquire mutual life/health reinsurer Mutré

Published 18 July 2017

SCOR has entered into an agreement with the Fédération nationale de la Mutualité Française and Matmut for the acquisition of 100% of the shares of MutRé.

The ratification of the agreement by MutRé’s other shareholders (which represent approximately 15% of MutRé’s capital) is expected in October 2017 at the latest. 

SCOR has been a 33% shareholder and a major technical and commercial partner of MutRé since the company was created in 1998. The acquisition of MutRé will enable SCOR to further strengthen its Life and Health offering to the French Mutual insurance industry.

The acquisition of MutRé, which will have an accretive impact on SCOR’s ROE and earnings per share, is consistent with the Group’s strategic pillars and the objectives set out in its strategic plan “Vision in Action”, and fully respects SCOR’s relationships with its mutual insurance partners. 

The transaction, which is subject to the authorization of the ACPR and the relevant competition authorities, would be finalized in early January 2018.

Source: Company Press Release