SCOR Announces Board Changes.

Business Editors

PARIS--(BUSINESS WIRE)--April 1, 2003

At its meeting on March 31, 2003, the SCOR Board of Directors decided to propose to the General Meeting of Shareholders on May 15, changes in the membership, as recommended by Allan Chapin, a non-executive director, in January.

The new Board would be made up as follows:

-- Denis Kessler, Chairman and Chief Executive Officer, SCOR,

-- Daniel Lebegue, former Chief Executive, Caisse des Depots et

Consignations,

-- Andre Levy-Lang, former Chairman, Paribas,

-- Claude Tendil, Chairman and Chief Executive Officer, Generali

France,

-- Jean-Claude Seys, Chairman and Chief Executive Officer, MAAF,

Les Mutuelles du Mans, and COVEA,

-- Yvon Lamontagne, Canadian, non-executive director of several

companies, including Hydro Quebec, etc., former Chairman,

Boreal Assurance,

-- Carlo Acutis, Italia, Vice-Chairman, La Vittoria

Assicurazioni, former Chairman of the Comite europeen des

Assurances (European Federation of National Insurance

Associations),

-- Herbert Schimetscheck, Austrian, Chairman of the Management

Board, Uniqa International, and former Chaiman of the Comite

Europeen des Assurances

-- Jean Baligand, Chairman, Groupama,

-- Daniel Havis, Chairman and Chief Executive, officer, MATMUT,

-- Jean Simonnet, Chairman, MACIF,

-- Allan Chapin, Partner, Compass Partners investment fund,

-- Daniel Valot, Chairman of the Management Board,

Technip-Coflexip

-- Antonio Borges, Portuguese, Vice-Chairman and Managing

Director, Goldman Sachs International

-- A staff representative

In addition, two non-voting directors are expected to be named:

-- Georges Chodron de Courcel, Member of the Executive Committee,

BNP-Paribas,

-- Helman Le Pas de Secheval, Chief Financial Officer, Groupama.

As recommended in the evaluation carried out in January, the new Board will comprise:

-- a majority of non-executive directors on the Board. The Board

considers that Messrs. Lebegue, Levy-Lang, Tendil, Havis,

Simonet, Lamontagne, Acutis, Schimetscheck, Borges and Chapin

satisfy this criterion. The Board based its evaluation on the

criteria proposed by the Bouton Report in France and the

recommendations of the NYSE in the United States;

-- a greater diversity of expertise. In addition to experts drawn

from the insurance and reinsurance sector, the Board will have

more members representing the world of finance and industry,

-- a more international perspective, with directors from Italy,

Portugal, Austria, Canada and the United States, and directors

with wide international experience.

The new Board will meet on May 15, after its membership has been confirmed by the General Meeting of Shareholders.

Financial disclosure timetable

Annual Shareholders' Meeting:              May 15, 2003
1st quarter 2003 results                   May 16, 2003

Certain statements contained in this press release are forward-looking statements that are based on risks and uncertainties that could cause actual results, performance or events to differ materially from those in such statements. Additional information regarding risks and uncertainties is set forth in the current annual report of the company.