5% compared to 2003.

tracing kublai

researchandmarkets. The forward-looking statements
involve risks and uncertainties that could cause actual results,
performance or events to differ materially from those in such
statements.

marco croatian

Certain statements contained in this press release relating to
SCOR's plans, strategies and beliefs are forward-looking in nature and
are based on management 's assumptions and beliefs in light of the
information currently available.

sourcebook claimed

researchandmarkets.

SCOR: 2004 Premium Income: EUR 2 528 Million at Current Exchange Rates; EUR 2 578 Million at Constant Exchange Rates

Gross written premiums in Life + Accident Reinsurance down
17%.
At current exchange rates, gross written premiums by the SCOR
group amounted to EUR 2,528 million, down 31.

Venetian trader who claimed to have explored China as an emissary of Kublai Khan.

explorers khan

General portfolio distribution:
(Millions of Euros, at current exchange rates)

Premium Income Premium Income Difference
2004 2003
Current Constant
exchange exchange
2004 % 2003 % rates rates
----- ---------------- ------ ------ ------- ------ --------- ---------
Non-Life Reinsurance 1 321 52% 2 229 60% -41% -40%
Life + Accident
Reinsurance 1 207 48% 1 462 40% -17% -16%
--------------------- ------ ------ ------- ------ --------- --- ------
TOTAL 2 528 100 3 691 100 -32% -30%
---------------- ----- ------ ------ ------- ------ --------- ---------

In Non-Life Reinsurance (Property treaties , Large Corporate
Accounts and Credit + Surety), premium income reached EUR 1,321
million, down 41% compared to 2003. This decline is principally due to
rigorous business selection and the impact of the rating in 2004.8% compared to premium income
recorded for the 2003 financial year.

kublai fabulous

Demographic , Political and Macroeconomic Background

- Population

- Political Situation

- Macroeconomic Overview

4. Local Operating Features

10. Sources of Information

For more information visit
http://www.

Gross written premiums in Non-Life Reinsurance down 41%.

The quota -share between SCOR and IRP has not been renewed in
2005.

encarta glories

Business Editors

PARIS ----SCOR:

Premium income in line with Group company forecasts at the
beginning of 2004 . Excluding an exceptional contract written in the first quarter
of 2003 for EUR 167 million, premium income for the Life + Accident
Reinsurance business is down only 6.

venetian explorers

tracing explorers

trader explored

1323 introducing

Market Review - Consumption

- Trade

- Production

6. Distribution Channels

9.

1254 claimed

Henceforth no premiums will be ceded to
IRP.

khan trader

Total consumption was estimated to have reached 4 million tonnes by
the end of 2004, making China the second largest synthetic adhesives
and sealants market after the United States.

2005 timetable

2004 Annual Results 24 March 2005

Data in this press release relating to premium income have not
been audited.

1254 polo

In Life + Accident Reinsurance (individual and group life,
long-term care, finance, accidents, disability and unemployment ),
premium income reached EUR 1,207 million.

explored korcula

com/reports/c12984) has announced the
addition of The Chinese Adhesives And Sealants Market to their
offering

This new study provides the following information:

- Production and consumption for 2004 and forecasts to 2009

- Imports and exports

- Market segmentation by geographic region, product and end-use
sector for 2004 and forecasts to 2009

- Market share of leading manufacturers

- Identification of leading manufacturers by product segments

- Distribution of adhesives and sealants

- Local operation features including tariffs and taxes,
intellectual property, technology transfer, environmental regulations
and standards. Directory of Adhesive and Sealants Companies

- Comprehensive list of manufacturers with contact details

11.
This decline in premium income is notably due to the reduction
indicated in lines written in the Large Corporate Risks sector, itself
a function of rigorous business selection and SCOR's rating in 2004.

tracing 1323

Research And Markets: Study This Analysis Of The Chinese Adhesives And Sealants Market Today

com/reports/c12984

General geographic premium income distribution:
(Millions of Euros, at current exchange rates)

2004 % 2003 %
------------------------------ --------- --------- --------- ------- --
Europe 1 373 54% 1 933 52%
North America 641 25% 1014 27%
Asia-Pacific 229 9% 345 9%
Rest of the World 285 12% 399 12%
------------------------------ --------- --------- --------- ---------
TOTAL 2 528 100 3 691 100
------------------------------ --------- --------- -- ------- ---------

The quota-share between SCOR and IRP has not been renewed in 2005

The quota-share in place since 1 January 2002 between Irish
Reinsurance Partners (IRP) and SCOR in Non -Life Reinsurance was not
renewed on 1 January 2005.

travels encarta

The Chinese synthetic
adhesives and sealants market has grown rapidly over the past decade.

introducing explored

Business Editors/Chemicals Writers

DUBLIN , Ireland----This
first-edition volume provides a detailed overview of China's rapidly
expanding adhesives and sealants market. Additional information regarding risks and uncertainties
is set forth in the current annual report of the company.

1254 venetian

The contraction in Life + Accident Reinsurance premium income is
mainly due to the fact that there was an exceptional transaction in
the first quarter of 2003.

polo glories

polo tracing

Research and Markets
(http://www. This is down 17% compared to
2003.

reached travels

It is forecast that the
market will continue to grow at 12% per year to 2009 due to booming
growth in the end use markets. Introduction

2. Market Segmentation

- By Region

- By Product Type

- By Application

7.

explorers sourcebook

- Directory of major adhesives and sealants manufacturers

Research for this report has drawn on a variety of published
sources, including government statistics , trade associations, in-house
and library data. A telephone interview programme was conducted by our
staff in London and Beijing during late 2004. Supply Structure

- Leading Producers

- Foreign Investors

- Mergers and Acquisitions

8.2% compared to 2003.

introducing croatian

The contents of this report are as follows:

1. Raw Materials - Demand

- Availability

5.

The SCOR group's gross written premiums for the 2004 financial
year amounted to EUR 2,578 million at constant exchange rates, down
30.

Sites and pages devoted to Marco Polo (12541323?).

tracing reached

Executive Summary

3.

Continued geographic rebalancing of business: 54% in Europe,
25 % in North America; 9% in Asia Pacific; 12% in the rest of
the world.