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The Combined General Meeting of SCOR SE was held on 25 April 2013 in Paris and was chaired by Mr. Denis Kessler, Chairman and Chief Executive Officer of SCOR SE. A particularly high number of shareholders attended the general meeting this year, representing 65.29% of shares with voting rights and 62.63% of capital (including treasury shares).
All the proposed resolutions were adopted by SCOR’s shareholders by a very large majority1, including in particular:
- The renewal of the director mandates of Messrs. Gérard Andreck and Charles Gave for two years and the appointment of four new directors, Ms. Kory Sorenson and Ms. Fields Wicker-Miurin (for mandates of two years), and Messrs. Andreas Brandstetter (for a mandate of two years) and Thierry Derez (for a mandate of four years).
- Payment of a dividend of EUR 1.20 per share for the 2012 financial year. The coupon date was set at 29 April 2013 and the dividend will be paid on 3 May 2013.
On the occasion of their departure from SCOR’s Board of Directors, Mr. Denis Kessler and the members of the Board praised the contribution made to the Group throughout their mandates by Ms. Monica Mondardini, who joined the Board in 2010, and by Messrs. Georges Chodron de Courcel, Daniel Lebègue and Jean-Claude Seys, who had been with SCOR since 2003 and played a major role in the recovery and success of the Group over the last ten years.
Gérard Andreck, a French citizen, has been Chairman of the MACIF Group since June 2006. Mr. Andreck has a deep interest in the mutual company and insurance sector, and he served as President of CJDES (Centre des Jeunes Dirigeants de l’Economie Sociale) from 1991 to 1993. In June 1997, he became Chief Executive Officer of MACIFand second-in-command to the then Chairman Jean Simonnet. Gérard Andreck was instrumental in the development of the close partnership between Caisses d'Epargne, MACIF and MAIF in October 2004, and he was appointed Chairman of the Management Board of the holding company that formalized this partnership in November 2005. On July 1, 2008, he was appointed Chairman of the Groupement des Entreprises Mututelles d’Assurances (GEMA)for three years and became President of the Conseil des Entreprises, Employeurs et Groupements de l’Economie Sociale (CEGES)on May 12, 2009. In October 2010, he was appointed to the Conseil Economique, Social et Environnemental(CESE).
Gérard Andreck was first appointed a director of the Company in 2008.
Andreas Brandstetter, an Austrian citizen, was a member of the Management Board of UNIQA Versicherungen AG from 2002 to 2011.
Since 2011, he has been the Chairman of the Management Board and Manager of UNIQA, Chief Executive Officer of Austria Versicherungsverein Privatstiftung, a member of the Management Board of PEIF (Pan European Insurance Forum), Deputy Manager of the banking and insurance division of the Austrian Economic Chamber, and a member of the Management Board of the Federation of Austrian Industry.
Thierry Derez, a French citizen, was a lawyer practicing in Paris, before joining the insurance group AM-GMF in 1995, first as Deputy Chief Executive Officer of GMF and then as Chairman and Chief Executive Officer of Assurances Mutuelles de Franceand of GMF in 2001 and as Chairman and Chief Executive Officer of the group AZUR-GMF in September 2003.
He is currently Chairman of the Board of Directors of Assurances Mutuelles de France, of GMF Assurances and Chairman and Chief Executive Officer of Garantie Mutuelle des Fonctionnaires (GMF).
He was appointed as director of MAAF Assurances in November 2004 and became its Chairman and Chief Executive Officer in June 2005.
Since June 2007, he has been the Chairman of the Board of Directors of MMA IARD Assurances Mutuelles, MMA IARD, MMA Assurances Mutuellesand MMA Mutual Life.
Since 2008, he has been Chairman and Chief Executive Officer of Covéa.
Charles Gave, a French citizen, has been researching tactical asset allocation for over forty years. In 1974, after three years as a financial analyst in a French investment bank, Charles created CECOGEST, an independent research firm through which he serviced a wide portfolio of clients across the world for 12 years. In 1986, Charles Gave stepped away from pure research to move into money management: he co-founded Cursitor-Eaton Asset Management where he was in charge of investment policy and managed over 10 billion dollars of institutional money on a global asset allocation mandate. Cursitor was sold in 1995 to Alliance Capital which Charles finally left in 1998 to create GaveKal, where he currently serves as Chairman. Today, he is a member of the Board of Directors of Marshall-Wace and Grace Financial. Charles Gave will strengthen the Board's skills in terms of knowledge of financial markets, and will also provide in-depth expertise on Asian markets, thanks to his professional activity which is today divided between Europe and Hong Kong.
Charles Gave was first appointed as a director of the Company in 2011.
Kory Sorenson, a British citizen born in the United States, has made her career in finance, devoting the last fifteen years exclusively to the management of capital and risk in insurance companies and banking institutions. More recently, she has offered consulting services in the field of insurance. Until the end of 2010 she held the position of Managing Director, Head of Insurance Capital Markets at Barclays Capital in London, where her team conducted innovative transactions in capital management such as the launch of the first private and renewable securitizations. She also conducted mergers and acquisitions, as well as equity transactions, hybrid capital and coverage for major insurance companies. She previously led the team in charge of the financial markets specializing in insurance at Credit Suisse and the team in charge of debt markets in financial institutions at Lehman Brothers for Germany, Austria and the Netherlands. She began her career in investment banking at Morgan Stanley and in the financial sector at Total SA.
She speaks fluent French and holds a Masters from the Institut d'Etudes Politiques de Paris, a Masters in Applied Economics from the University of Paris Dauphine and a BA in Political Science and Econometrics with honors from the American University in Washington DC.
Fields Wicker-Miurin, an American and British citizen, studied in France, at the Institut d'Etudes Politiques de Parisand then in the United States and Italy. She graduated from the University of Virginia and Johns Hopkins University. Fields Wicker-Miurin began her career in banking, before joining Strategic Planning Associates (Mercer Management Consulting) as a senior partner where she was the main advisor to Lloyd’s of London. In 1994, she became Chief Financial Officer and Head of Strategy of the London Stock Exchange. She was a member of the Nasdaq Technology Advisory Council and advised the European parliament on financial markets harmonisation. In 2002, she was one of the founders of Leaders' Quest, whose activity is to organize programs to exchange experiences that allow international leaders from all sectors to meet actors from business and civil society in emerging countries. In 2007 she was awarded the OBE - Officer of the British Empire.
She is also a director of BNP Paribas, CDC Group Plc and Ballarpur International Graphic Paper Holdings.
1 See the table of votes per resolution on page 4
