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SCOR Spins Off Life Reinsurance Unit

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NU Online News Service, July 7, 2003, 11:12 a.m. EDT – SCOR S.A., Paris, says it will be spinning off its life reinsurance business as a separate business.

“The capital of this new entity may be opened up to outside partners,” SCOR says.

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The life reinsurance spinoff is part of SCOR’s ongoing efforts to reorganize its operations, the company says.