The French group Scor has become the leading life reinsurer in the United States through acquiring Generali U.S. Holdings. The amount of the transaction is approximately $750 million (579 million euros).

With this acquisition, the SCOR group takes it share of the life reinsurance market from 18% to 27% of market share, based on 2012 figures.

The banks involved in the financing of the transaction, BNP Paribas and Deutsche Bank, were advised by Clifford Chance. The team consisted of Thierry Arachtingi, partner, Yann Beckers, counsel and Maroussia Cuny.