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Exhibit 4.6
 Date: November 16, 2005
 SCOR
 As Client
 And
 DEUTSCHE BANK AG, Paris Branch
 As Bank
 
 AMENDMENT AGREEMENT
TO
A STAND-BY LETTER OF CREDIT FACILITY
DATED OCTOBER 11, 2004




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This Amendment Agreement is made between:
 (1)
    
    SCOR, a French société anonyme, with a share capital of EUR 763,096,713.00, whose registered
office is located at 1 avenue du Général de Gaulle, 92800 Puteaux, registered with the trade
and companies registry (Registre du Commerce et des Sociétés) of Nanterre under number 562 033
357, duly represented by François de Varenne (the Client);
 (2)
    
    DEUTSCHE BANK AG,a German Aktiengesellschaft, with a share capital of EUR 1,392,266,869.76,
whose head office is located at Taunusanlage 12, Frankfurt am Main (Germany), registered with
RC / HRB Frankfurt N° 30.000, acting through its Paris Branch, 3 avenue de Friedland, 75008
Paris, registered with the trade and companies registry (Registre du Commerce et des
Sociétés) of Paris under number 310 327 481, duly represented by Mrs. Brigitte Marsac-Martin
and by Mr. Geoffroy de Bretagne (the Bank);
 Parties Party
 WHEREAS
 SBLC Facility Facility
   bona fide




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IT IS AGREED AS FOLLOWS:
 10
    
    DEFINITIONS10.1
    
    The definition of Commitment is modified as follows:Commitment means US$ 250,000,000 (two hundred and fifty million US dollars), to the
extent not cancelled or reduced under this Agreement; provided that the Commitment shall be
reduced by the amount of any stand-by letter of credit issued by the Bank pursuant to the
SCOR VIE Facility Agreement;10.2
    
    The definition of Final Maturity Date is modified as follows:Final Maturity Date means December 31, 2008, or as it may be extended pursuant to the
provisions thereof;11
    
    CONSTRUCTIONUnless a contrary indication appears, terms used in this Amendment Agreement with a capital
letter shall have the meaning which is attributed to them in the Agreement.12
    
    TERM OF FACILITYSection 2.4 of the Agreement is modified as follows:The Parties agree to negotiate bona fidethe extension of the Facility three (3) months
prior to the Final Maturity Date, i.e. on September 30, 2008 at the latest.13
    
    FEESSection 6.2 of the Agreement is modified as follows:Client agrees to pay a commission on each Stand-by Letter of Credit, payable in advance at
the rate of 0.10% per annum with a minimum of US$ 300 per annum.14
    
    PRIME RATESection 7.4 of the Agreement is modified as follows:For information, the Prime Rate in effect at the date of signature of this SBLC Facility
is 6.75% per annum.15
    
    EVENTS OF DEFAULTSection 9.1 (vii) of the Agreement is modified as follows:Client commences proceedings for mandat ad hocor an amicable settlement or a règlement
amiablein accordance with article L611-3 to L611-6 of the French
Code de Commerceor, by reason of financial difficulties, applies for, or is subject to, a
sauvegardeor conciliationpursuant to the Livre Sixième(des difficultés des entreprises)
of the French Code de commerce, or begins negotiations with its creditors with a view to
the readjustment or rescheduling of all or substantial portion of its Indebtedness.16
    
    AMENDMENTNo amendment or variation of this Amendment Agreement shall be valid or binding on a Party
unless made in writing and signed by each Party.17
    
    NO NOVATIONThis Amendment Agreement does not entail any novation of the Agreement.9
    
    MISCELLANEOUSAll other provisions of the Agreement not modified by this Amendment Agreement remain
unchanged.10
    
    GOVERNING LAW AND JURISDICTIONThis Amendment Agreement shall be governed by French law. Any dispute relating to the
validity, interpretation or performance of this Amendment Agreement shall be subject to the
exclusive jurisdiction of the Tribunal de Commerce de Paris.
 This Amendment Agreement has been entered into in two (2) original copies on the date stated at the
beginning of this Amendment Agreement
 SCOR
    
    DEUTSCHE BANK AG, Paris Branch/s/ François de Varenne
    
    /s/ Brigitte Marsac-MartinFrançois de Varenne
    
    Brigitte MARSAC-MARTINTitle: Directeur de la Gestion dActifs
    
    Title: Directoret du Corporate Finance/s/ Geoffroy de BretagneGeoffroy de BRETAGNETitle: Director