Proxy Report - 26/04/2018
ITEM 9: the election of Ms Wang is welcome as the board will now have 61% of independent board members (vs 53% in 2017).
ITEMS 4 and 5: post-employment benefits are still excessive while the Chairman and CEO could save by himself considering his remuneration.
ITEM 7: we commend the company that improved its disclosure regarding the remuneration for the upcoming fiscal year. However, no change was made regarding LTI; hence they still allow vesting in case of underperformance. This is not acceptable.
SCOR is a holding company. Through its subsidiaries, Co. is engaged mainly in reinsurance. Its customers are insurers and large corporations. Co. is engaged in life reinsurance through SCOR Global Life SE and non-life reinsurance through SCOR Global P&C SE. In the life reinsurance business, Co. offers reinsurance for individual and group life insurance, long-term care, substandard risks, critical illness and financing products. The non-life reinsurance business comprises traditional reinsurance business; Treaty, Business Solutions, and Specialty Lines. In addition, Co. through SCOR Global Investments SE, manages, directly or indirectly its global investment portfolio.
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