Hogan Lovells advises SCOR in relation to the merger of its three SE legal entities

Press releases | 14 May 2019

Paris, 14 May 2019 - Hogan Lovells has advised SCOR in relation to the structuring and implementation of the merger of SCOR Global Life SE and SCOR Global P&C SE into SCOR SE, effective March 31, 2019.

Announced in 2016 as part of its three-year strategic plan "Vision in Action", this operation enables SCOR to optimize its operational and legal structure and level of regulatory capital. The solvency capital benefit of this merger on the Eligible Own Funds amounts to approximately EUR 200 million.

The Autorité de Contrôle Prudentiel et de Résolution (ACPR) confirmed its non-opposition to this merger, and the required regulatory authorizations for the Group's branches and foreign subsidiaries in some 45 countries around the globe have been obtained.

The Hogan Lovells team advising SCOR consisted of Sébastien Gros (partner), assisted by Ghina Farah (Counsel) on the Regulatory aspects and Stéphane Huten (partner), assisted by Sarah Naidji (Associate) on the Corporate aspects. More than 30 Hogan Lovells offices around the world were involved in this transaction, which was coordinated out of Hogan Lovells’ Paris office.