SCOR's shareholders were presented today the Group's new governance proposed by its Board of Directors, consisting of a separation of the roles of Chairman of the Board and Chief Executive Officer with effect from today.

The General Meeting approved the renewal of the director mandates of Denis Kessler, Bruno Pfister et Claude Tendil, as well as the election of Laurent Rousseau as a director. Patricia Lacoste and Adrien Couret were also elected as new directors.

Board of Directors will subsequently elect Denis Kessler as Chairman of the Board of Directors and Laurent Rousseau as Group's Chief Executive Officer.

The General Meeting also approved the payment of a dividend of EUR 1.80 per share for the 2020 financial year, with the coupon date set at July 2, 2021, and the payment date at July 6, 2021.

"This General Meeting took place for the second time in a virtual format, which nonetheless enabled us to maintain a high-quality dialogue with shareholders. The Board of Directors welcomes the shareholders' support for all the resolutions. This vote by our shareholders bears witness to their confidence in the Group's new governance in terms of successfully pursuing the company's growth, focusing on the twofold objective of profitability and solvency. It validates the strategy followed for more than 18 years to raise this global reinsurance group to the highest level and to maintain its independence, which is a gauge of its success. Finally, I would like to thank all the Group's employees, who have proved their ability to adapt throughout the current health crisis. SCOR is fully equipped and fully mobilized to use all the means at its disposal to continue to create value for its shareholders," said Denis Kessler, Chairman & Chief Executive Officer of SCOR.