BlackRock, acting on behalf of clients and funds, has notified the AMF that it crossed above the 5% threshold in Scor's share capital and voting rights on April 16. The asset manager now holds 9,079,375 Scor shares, representing 5.06% of the reinsurer's capital and voting rights.
The U.S. investment giant specified that this threshold breach resulted from an acquisition of Scor shares on the open market and an increase in the number of shares held as collateral.
Scor SE is the leading French reinsurance company. Gross written premiums per activity are distributed as follows:
- life and health reinsurance (52.5%);
- non-life reinsurance (47.5%): reinsurance against damages (coverage for damage to industrial and commercial property, vehicles, ships, and stored or transported merchandise, coverage for losses due to fire, and civil liability coverage) and specialties (coverage for risks in the agriculture, aviation, construction and credit guarantee fields).
Geographic distribution of written premiums is as follows: France (15.2%), Europe (46%), the Far East (21.7%), North America (6.5%), South America (2.4%), Africa (0.5%) and other (7.7%).
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