It has shown flexibility to adapt its strategies as insurance and financial markets conditions change." Denis Kessler, Chairman & Chief Executive Officer of SCOR, comments: "We welcome this affirmation of SCOR's rating by Standard & Poor's as we meet with our clients at the Rendez-Vous de Septembre in Monte Carlo. The rating agency underscores our ability to meet our objectives while combining solvency and profitability. This decision, which clearly demonstrates the soundness of our strategy as a Tier 1 global reinsurer, is an excellent start to our new plan "Quantum Leap"."