Leading Global Reinsurer SCOR Invests in LeapFrog, Groundbreaking Microinsurance Fund

Backing brings Fund to USD $47M and demonstrates strong commercial appeal of new market

PARIS, November 25 - SCOR, the Paris-based global reinsurer, has announced an investment in
LeapFrog, the world's first microinsurance fund. SCOR joins a diverse set of
public and private investors, including the European Investment Bank, Omidyar
Network, FMO, Triodos-Doen, Hivos-Triodos Fund, ACCION International, Calvert
Large Cap Growth Fund, and wealth manager Felipe Medina, in backing
LeapFrog's distinctive approach to tapping the massive market for
microinsurance. The fund invests in businesses that bring insurance products
to low-income and vulnerable people in Africa and Asia, and targets strong
returns for investors while reaching 25 million beneficiaries.

"Our investment in LeapFrog is a demonstration of our support of a
socially-responsible sector such as microinsurance," says Paolo De Martin,
Chief Financial Officer of SCOR. "The Group believes that the microinsurance
sector is a market that has the potential to expand very quickly as it
represents more than one billion individuals without access to traditional
insurance services such as life, health, disability or livestock insurance.
The investment was done based on strict investment return criteria applied by
SCOR for all its investments."

Numerous studies have demonstrated that low-income people in developing
countries are willing and able to pay for a safety net that protects their
family or business, but they generally cannot access affordable and quality
insurance. Last week, Lloyds released a new study by the Microinsurance
Center (MIC), estimating a market size of 1.5 and 3 billion policies. It
notes that microinsurance already covers around 135 million people, and has
an annual growth rate in excess of 10%, but only 5% of the potential market
is penetrated — a significant opportunity.

"SCOR's commitment confirms the coming of age of microinsurance as a
profitable investment class," says Dr. Andrew Kuper, LeapFrog's Founder and
President. "For the global insurance industry, growth will come largely from
emerging markets — we cannot ignore the 83% of the population in Asia and
95% in Africa classified as low-income. The industry has a historic
opportunity to develop profitable businesses that serve this immense customer
base. LeapFrog invests in these exciting businesses, anticipating strong
social and financial returns."

Beyond financial capital, LeapFrog can provide portfolio companies with
support in business planning, product design, regulatory and risk management,
or development of efficient high-volume distribution channels.

According to the MIC study, in addition to profit there are several
benefits to commercial insurers in providing and investing in microinsurance.
These include a large, diversified risk pool, reputational benefits, improved
relations with government, market intelligence and innovation applicable
across a range of business activities.

LeapFrog Investments created and manages the world's first microinsurance
fund. Launched by President Bill Clinton in 2008, LeapFrog has raised US$47
million to date from banks, funds, and microfinance and insurance investors.
Its profit-with-purpose investment approach has been hailed by many global
leaders as a new frontier for alternative investment and microfinance.
www.leapfroginvest.com

SCOR is a leading global reinsurer, covering both Life and Non-Life
reinsurance. SCOR's specialist teams operate in over 52 countries, developing
value added, innovative and made to measure products and services and making
long-term commitments to their clients, namely insurers and large
corporations. At 30 September 2009, SCOR's total investments, including cash,
stand at EUR 19,699 million. Investments consist of fixed income (44%), funds
withheld by cedants (40%), cash and short-term investments (9%), equities
(4%), real estate (2%) and alternative investments (1%). www.scor.com

Americas and Asia: Dr. Andrew Kuper, +61-410-638-770, andykuper at leapfroginvest.com, or Europe and Africa: Dr. Jim Roth, +44-7914-397-314, jimroth at leapfroginvest.com, both of LeapFrog Investments; or Beat Werder, Chief Communications Officer, SCOR, +33-(0)1-46-98-71-39