Commercial Risk Partners: Sales Negotiations and Commutations.Business Editors PARIS--(BUSINESS WIRE)--Aug. 4, 2003 As previously announced, SCOR SCOR Scientific Committee on Oceanic Research SCOR Supply Chain Operations Reference model SCOR Small Corporate Offering Registration SCOR Specialized Center of Research (White Plains, NY) SCOR Second Cousin Once Removed has been negotiating the sale of Commercial Risk Partners (CRP C-reactive protein (CRP) A protein present in blood serum in various abnormal states, like inflammation. Mentioned in: Pelvic Inflammatory Disease CRP, n.pr See C-reactive protein. ), its Bermuda based alternative risk reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. subsidiary, to a potential purchaser pursuant to a letter of intent executed on March 28, 2003. Those negotiations are actively continuing. At the same time, as previously announced, CRP is negotiating commutations of business with its ceding cede tr.v. ced·ed, ced·ing, cedes 1. To surrender possession of, especially by treaty. See Synonyms at relinquish. 2. companies, and CRP has finalized a commutation in July with one of its largest ceding companies. Certain statements contained in this document may constitute forward-looking statements, and factors of risk and uncertainties may cause actual events and financial results to vary significantly from the information supplied herein. Details of these risk factors are described in the company's annual report. |
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