4.4 Legal risk - Scor

The Group SCOR consists of the parent company SCOR SE, a European company having its registered office in Paris,
avenue Kléber (France). Beyond its responsibilities of a parent company, the Company has operational responsibilities
for cash management and for the retrocession of the Group’s operating entities and functional responsibilities.
Following several acquisitions, in particular in 2006 and 2007, the Group has set up a functional organization structured
around regional management platforms, or Hubs”: Cologne, London, Paris and Zurich for Europe, Singapore for Asia
and for the Americas’ hub, New York and Charlotte (since August 2011 for the life reinsurance business). Each
subsidiary, branch, and representation office has a functional link to a given Hub. Each Hub includes the following
functions: a Legal and Compliance Officer, a Head of Information Systems, a Head of Finance, a Head of Human
Resources and a Risk Manager. Moreover several Group functions are carried out from different locations in order to
fully benefit from the competencies disseminated across the world.
Following the organization of the Group within six “Hubs”, the local support functions are gradually assumed by entities
especially dedicated and set up in each Hub. This organization enables to create centers of expertise and to strengthen
the coherence and control of our activities. Thus the head of Hub is responsible for defining the business continuity plan
and implementing it in all locations within his Hub. Furthermore, the Hub is a key element for the implementation of
Group procedures and policies.
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