SCOR provides property-casualty and life reinsurance on a worldwide basis. Property-casualty operations include reinsuring to primary insurers of property, casualty, marine, space and transportation, construction and credit and surety risks. Life operations include providing a full range of life and health reinsurance products and related services to primary life insurers throughout the world. In 2002, SCOR generated approximately 45% of its gross premiums written in Europe, with significant market positions in France, Germany, Spain and Italy, and 39% of its gross premiums written in North America, including Bermuda and the Caribbean region. The Companys operations are organized in five business segments: Property-Casualty Treaty, Life/Accident & Health, Alternative Reinsurance, Credit, Surety & Political Risks and Large Corporate accounts. In July 2003, SCOR acquired a majority stake in Irish reinsurer IRP Holdings Ltd. from an unidentified shareholder.