FOR IMMEDIATE RELEASE
(Sept. 13, 2018) SCOR announces that it is in exclusive negotiations with the employee support services provider Workplace Options, concerning a worldwide distribution partnership agreement and the acquisition by Workplace Options of SCOR Global Life’s employee wellness solutions subsidiary, Rehalto.
These transactions are expected to be signed in the coming weeks, subject to the consultation of employees and employee representative bodies.
SCOR Global Life is constantly striving to enhance its global offering to clients in the fields of health prevention, disability claims management, group life insurance and expatriate cover. A partnership with Workplace Options, a global leader in employee wellbeing support and work-life services, would enable SCOR Global Life’s clients throughout the world to benefit from the company’s services, network and innovative technological solutions.
Rehalto, a European pioneer in workplace wellbeing with operations in France and Belgium, would benefit, along with its clients and employees, from Workplace Options’ global infrastructure, which covers 58 million lives and more than 90,000 organizations worldwide.
US: +1 800.699.8011 x 70329
International: +1 919.834.6506
France: +1 416 268 2469 or +33 775 107 217
SCOR – Forward-looking statements
SCOR does not communicate “profit forecasts” in the sense of Article 2 of (EC) Regulation n°809/2004 of the European Commission. Thus, any forward-looking statements contained in this communication should not be held as corresponding to such profit forecasts. Information in this communication may include “forward-looking statements”, including but not limited to statements that are predictions of or indicate future events, trends, plans or objectives, based on certain assumptions and include any statement which does not directly relate to a historical fact or current fact. Forward-looking statements are typically identified by words or phrases such as, without limitation, “anticipate”, “assume”, “believe”, “continue”, “estimate”, “expect”, “foresee”, “intend”, “may increase” and “may fluctuate” and similar expressions or by future or conditional verbs such as, without limitations, “will”, “should”, “would” and “could.” Undue reliance should not be placed on such statements, because, by their nature, they are subject to known and unknown risks, uncertainties and other factors, which may cause actual results, on the one hand, to differ from any results expressed or implied by the present communication, on the other hand.
Please refer to the 2017 reference document filed on February 23, 2018, under number D.18-0072 with the French Autorité des marchés financiers (AMF) posted on SCOR’s website www.scor.com (the “Document de Référence”), for a description of certain important factors, risks and uncertainties that may affect the business of the SCOR Group. As a result of the extreme and unprecedented volatility and disruption of the current global financial crisis, SCOR is exposed to significant financial, capital market and other risks, including movements in interest rates, credit spreads, equity prices, and currency movements, changes in rating agency policies or practices, and the lowering or loss of financial strength or other ratings.
The Group’s financial information is prepared on the basis of IFRS and interpretations issued and approved by the European Union. This financial information does not constitute a set of financial statements for an interim period as defined by IAS 34 “Interim Financial Reporting”.
ABOUT WORKPLACE OPTIONS
Workplace Options helps employees balance their work, family and personal needs to become healthier, happier and more productive, both personally and professionally. The company’s world-class employee support, effectiveness and wellbeing services provide information, resources, referrals and consultation on a variety of issues ranging from dependent care and stress management to clinical services and wellness programs.
Drawing from an international network of credentialed providers and professionals, Workplace Options is the world’s largest integrated employee support and work-life services provider. Service centers in the U.S., Canada, U.K., Ireland, Portugal, France, Belgium, UAE, Singapore, Japan, China, India, and Indonesia support more than 58 million employees across 90,000 organizations and more than 200 countries and territories.
To learn more, visit www.workplaceoptions.com.
To learn more about SCOR, visit http://www.scor.com/.