Press Release
20 December 2012
For more information, please contact:
Jean-Charles Simon / Géraldine Fontaine +33 (0) 1 58 44 75 58
Communications and Public Affairs
Antonio Moretti +33 (0) 1 58 44 77 15
Investor Relations Director
Launch of the SCOR Corporate Foundation for Science
SCOR announced the launch of the "SCOR Corporate Foundation for Science" today.
The SCOR Corporate Foundation for Science will lend its support to various different kinds of project, within the framework of its orientations and means, but in principle with no limitations in terms of geographical location, academic discipline or formalities. For example, this support may involve financing university chairs or specific research projects, launching calls for projects, being involved in conferences and publications, sponsoring scientific awards, and so on.
The Foundation will benefit from annual financial support from SCOR in order to support new projects, and will take responsibility for some of the Group's existing scientific research operations. In total, the Foundation will be responsible for a range of annual commitments amounting to around EUR 1 million.
The Foundation, the creation of which was registered in the Official Journal of Associations and Foundations of 28 July 2012, is chaired by André Lévy-Lang. The Foundation's Board of Directors will notably ensure that it functions properly and will present comprehensive public reports on its activities. The Foundation will also be supported by a very high-level interdisciplinary and international scientific board, which will help it to define its strategic priorities and to select projects to support.
The members of the Scientific Board are Laurent Abel (Inserm), Thibault Damour (Institut des Hautes Etudes Scientifiques), Georges Dionne (HEC Montreal), Pierre-Louis Lions (Collège de France), Erwann Michel-Kerjan (Wharton Business School), Nikolai Shapiro (Institut de Physique du Globe de Paris), Didier Sornette (ETH Zurich), Jean Tirole (Toulouse School of Economics) and James W. Vaupel (Max Planck Institute for Demographic Research).
André Lévy-Lang, Chairman of the SCOR Corporate Foundation for Science, comments: "I am very happy that SCOR has chosen to extend its support for scientific research and teaching through the creation of this Corporate Foundation. With the assistance of a remarkable international Scientific Board, the Foundation is in an ideal position to undertake a consistent, ambitious and fully-deserved programme of support for scientific teams and projects."
Denis Kessler, SCOR Chairman and CEO, comments: "The creation of the SCOR Corporate Foundation for Science marks a new phase in SCOR's commitment to scientific disciplines, and beyond this to its contribution to society as a whole. By the nature of its business, and given the strong scientific culture of its teams, SCOR has always been an active partner to the world of research and university-level teaching. We wanted to push this even further by implementing, outside of the Group, a foundation dedicated to Science."
Further information on the SCOR Corporate Foundation for Science is available at: www.scor.com.
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Forward-looking statements
SCOR does not communicate "profit forecasts" in the sense of Article 2 of (EC) Regulation n°809/2004 of the European Commission. Thus, any forward-.looking statements contained in this communication should not be held as corresponding to such profit forecasts. Information in this communication may include "forward-looking statements", including but not limited to statements that are predictions of or indicate future events, trends, plans or objectives, based on certain assumptions and include any statement which does not directly relate to a historical fact or current fact. Forward-looking statements are typically identified by words or phrases such as, without limitation, "anticipate", "assume", "believe", "continue", "estimate", "expect", "foresee", "intend", "may increase" and "may fluctuate" and similar expressions or by future or conditional verbs such as, without limitations, "will", "should", "would" and "could." Undue reliance should not be placed on such statements, because, by their nature, they are subject to known and unknown risks, uncertainties and other factors, which may cause actual results, on the one hand, to differ from any results expressed or implied by the present communication, on the other hand.
Please refer to SCOR's Document de référence filed with the AMF on 8 March 2012 under number D.12-0140 (the "Document de référence"), for a description of certain important factors, risks and uncertainties that may affect the business of the SCOR Group. As a result of the extreme and unprecedented volatility and disruption of the current global financial crisis, SCOR is exposed to significant financial, capital market and other risks, including movements in interest rates, credit spreads, equity prices, and currency movements, changes in rating agency policies or practices, and the lowering or loss of financial strength or other ratings.
