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Covéa increases SCOR shareholding

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Covéa increases SCOR shareholding

said April 11 that itincreased its stake in SCORSE, acquiring shares representing about 5.64% of its share capitaland boosting its shareholding to 7.67%, for an undisclosed sum.

Covéaadded that it has been a SCOR shareholder since 2003 and that the purchase ofthe additional shares reflects its confidence in the reinsurer.

SCORsaid in a regulatory filing the same day that declared April 8 that it passed below the 5% threshold of capital and votingrights in SCOR and no longer holds any shares in the corporation. The firm'sshares were held indirectly through Sompo Japan Nipponkoa Insurance Inc.