A.M. Best Comments on Ratings of SCOR Following Acquisition

Business Wire, Feb 21, 2007

OLDWICK, N.J. -- A.M. Best Co. has commented that the ratings of SCOR (France) and its rated subsidiaries remain unchanged following the announcement of its acquisition of 32.9% of the share capital of Converium Holding AG (Switzerland), of which 24.6% is pending regulatory approval, and the rejection of the proposal to combine the two companies by the board of Converium.

A.M. Best will continue to monitor the situation and would review the appropriateness of the current ratings if the company were to launch a public offer. The main analytical focus would be the impact of the transaction on the combined group's risk-adjusted capitalisation and the potential integration risks.

For Best's Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings.> Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the financial services industries, including the banking and insurance sectors. For more information, visit www.ambest.com.