Dietmar Zietsch Appointed Chairman of SCOR Deutschland Management Board

January 14, 2003

Dietmar Zietsch, who currently serves as Deputy Chairman of SCOR Deutschland, has been appointed Chairman of the Management Board of SCOR’s German subsidiary effective as of March 1, 2003.

Zietsch, 48, holds a Doctorate in Economics, and has more than 20 years of experience in the German insurance industry. He has been responsible for the successful development of the SCOR Life division in Germany, which he has headed since 1995. More recently, he also became a member of the Executive Committee of SCOR Group Life Division in Paris.

The move is seen as another step by Denis Kessler, SCOR’s new Chairman, to strengthen management control over the group’s operations, and to restructure France’s largest reinsurer in an effort to return it to profitability.

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