The group Scor has finalized the acquisition of Transamerica Re’s mortality portfolio

The French reinsurance group Scor finalized the acquisition of Tranamerica Re’s mortality portfolio for the total sum of 912.5 million USD. This transaction has been financed without issuing new shares.

This acquisition includes the operating assets as well as teams related to this activity. With this take over, Scor Global Life is poised to increase its volume of written premiums by 50%. The American group has achieved a gross premiums volume of 2.2 billion USD in 2010, 87% of which in America.