The Financial Services Agency of Japan (FSA) has granted SCOR Global Life SE approval to open a branch office in Tokyo as of April 4, 2017.

The new branch, SCOR Global Life SE Japan Branch, will allow SCOR to conduct Life and Health reinsurance business in Japan.

"The establishment of this branch office in Japan is part of the Group's "Vision in Action" strategic plan to expand and deepen its franchise, and clearly demonstrates the Group's commitment to the Japanese market", as the French reinsurer said in a press release.

"We welcome the approval granted by the Financial Services Agency of Japan to open a SCOR Global Life branch office in Tokyo. The opening of the branch will enable us to deliver new and innovative solutions to support our customers in the Japanese life market", said Paolo De MARTINCEO, SCOR Global Life.

SCOR has had a presence in Japan since 1983 when SCOR set up Japan Liaison Office.