French reinsurance giant SCOR has announced that it is in exclusive negotiations with the employee support services provider Workplace Options concerning a worldwide distribution partnership agreement and the sale of SCOR Global Life’s employee wellness solutions subsidiary, Rehalto.
A partnership with Workplace Options would enhance SCOR Global Life’s global offering of health prevention, disability claims management, group life insurance and expatriate cover with additional services, networks, and technological solutions, SCOR said.
Meanwhile, Rehalto 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, the company added.
Rehalto is a European firm that specialises in workplace wellbeing and has operations across France and Belgium.
SCOR said that it expects the transactions to be signed in the coming weeks, subject to the consultation of employees and employee representative bodies.