To strengthen its services in mortality-protection field in US
Scor Global Life US, a wholly-owned subsidiary of the Scor Group, has acquired the capital stock of XL Re Life America from XL Capital. The transaction was originally announced on July 22, 2009.
The acquisition is expected to help Scor Global to strengthen its services in the mortality-protection field and reinforce its position in the US. It also demonstrates the inroads Scor is making in the most important life market in the world.
With the company’s retention of the XL Re team, Scor Global has enhanced its staff and ensured that it will have the resources to continue to provide the same level of services for both existing clients and the new clients acquired through the XL Re transaction, the company said.
The SCOR group is a provider of insurance and reinsurance.