The SCOR Group said it has opened a representative office in Johannesburg, South Africa, which the company said forms part of its strategic development plans for the English- and Portuguese-speaking markets on the African continent.
In keeping with its policy of establishing a presence in the markets where it conducts business, SCOR said it is aiming to provide a local office that will offer regional clients a direct contact; better coordination; and easier, more effective access to nonlife and life reinsurance services.
The SCOR Group said the South African insurance market will continue to expand, and it wants to contribute to this expansion by providing reinsurance capacity, offering expertise in the areas of risk analysis and support in the marketing of new products-- with specialty lines in particular.
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