Document:

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                                                                     Exhibit 4.4

                            SPECIAL STOCK AWARD PLAN
                  FORM OF THE GRANT LETTER FOR US BENEFICIARIES

Chief Executive Officer

                                  Paris, December ___, 2004

Dear _____,

The General shareholders' meeting authorized on 18 May 2004 the implementation
of a special stock award plan targeted to the top executives and senior
managers, and also certain managers of the Group. The Compensation and
Appointment Committee decided upon the conditions of this plan and the Board of
Directors approved the plan on 25 August 2004.

This plan consists of granting to you shares for no consideration in order to
acknowledge the efforts, which you have made to the turnaround of our Company
over the last two years.

This grant of shares also bears witness to our confidence in your
professionalism and your loyalty. It marks the launch of the three-year plan
"SCOR Moving Forward" which defines the conditions for the redeployment of the
Group and manifests its determination to succeed. The value of any shares you
receive under the share award plan will depend upon the implementation and the
success of the strategic plan.

I am pleased to announce that _____________ SCOR shares are conditionally
granted to you under the Special Stock Award Plan for SCOR 2004-2005. You will
be eligible to receive ownership of one-half of these shares on 10 January 2005
and the remaining half of these shares on 10 November 2005, provided that you
meet the terms and conditions of the grant of shares as set forth in the plan.

In particular, the plan provides as one of the conditions of the grant, that you
are required to open a custody account on or before January 9, 2005 with Euro
Emetteurs Finances (EEF), with which SCOR has signed an agreement to manage the
plan, into which custody account your Shares will be deposited.

If you fail to open your custody account in accordance with the instructions
provided in the custody account memorandum, on or before January 9, 2005, you
shall forfeit all rights to receive shares under the plan.

You will have the opportunity to choose a delivery of the granted shares to EEF
or a delivery of the granted shares for deposit with the depositary under the
ADS facility in exchange for American Depositary Shares ("ADSs") corresponding
to the granted shares. Should you elect for a delivery of the corresponding
ADSs, such ADSs will be delivered to you in global form through the Depositary
Trust Company and registered in the name of brokerage account you may designate.

<TABLE>
<S>                                 <C>                             <C>
SCOR                                Tel +33 (0)1 46 98 70 00        RCS Nanterre B 562 033 357
Immeuble SCOR                       Fax +33 (0)1 47 67 04 09        Siret 562 033 357 00020
1, Avenue du General de Gaulle      e-mail : scor@scor.com          Societe Anonyme au Capital
92074 Paris La Defense Cedex                                        de 645 335 978 Euros
France
</TABLE>

<PAGE>

You will find herewith the terms and conditions of this grant, the consequences
in terms of federal income taxes and social security payments which will affect
you, as well as the custody account memorandum which details instructions for
opening your EEF custody account and electing for a delivery of ADSs.

Provided the terms and conditions of the plan are met, the ownership transfer of
the shares conditionally granted to you under the plan by this letter will take
place as to one-half of the shares on 10 January 2005 and as to the remaining
half of the shares on 10 November 2005. As of these dates, you will be the owner
of the granted shares and you may sell all or part of the shares at any time
thereafter.

Yours faithfully,

Denis Kessler

<TABLE>
<S>                                 <C>                             <C>
SCOR                                Tel +33 (0)1 46 98 70 00        RCS Nanterre B 562 033 357
Immeuble SCOR                       Fax +33 (0)1 47 67 04 09        Siret 562 033 357 00020
1, Avenue du General de Gaulle      e-mail : scor@scor.com          Societe Anonyme au Capital
92074 Paris La Defense Cedex                                        de 645 335 978 Euros
France
</TABLE>

                                                                               2<PAGE>

                                                                     Exhibit 4.5

HUMAN RESOURCES               HUMAN RESOURCES DEPARTMENT

                            Paris, December ___, 2004

      CUSTODY ACCOUNT MEMORANDUM - GENERAL STOCK AWARD PLAN FOR 2004-2005

      Dear Madam, Sir,

      As you know, you have received a conditional grant of SCOR shares pursuant
      to the General Stock Award Plan for SCOR 2004 - 2005.

      As detailed in the Plan, the ownership of the shares will be transferred
      to you on January 10, 2005, provided that you meet the terms and
      conditions of the grant of Shares as set forth in the Plan.

      In particular, the Plan provides as one of the conditions of the grant,
      that you must open a custody account on or before January 9, 2005 with
      Euro Emetteurs Finances (EEF), with which SCOR has signed an agreement to
      manage the plan, into which custody account your Shares will be deposited.

      To open your custody account you must:

      - initial all the pages and sign page 2 of one copy of the appended
      custody account agreement, which you should first read carefully,

      - attach:

            - a legible photocopy of a valid piece of ID,

            - a photocopy of proof of your current residence no more than three
              months old,

            - an IBAN number for employees with accounts outside of France (you
              must complete very carefully this item of the custody agreement
              with the help of your bank),

      - return the above-mentioned documents, PRIOR TO DECEMBER ___, 2004, to
      your employer's Human Resources department.

      Provided that you meet all of the terms and conditions of the Plan (in
      particular the condition relating to the opening of your custody account),
      the shares granted to you under the Plan will be transferred on January
      10, 2005 to your custody account. EEF will then send you an account
      statement confirming the registration of these shares.

      You also have the opportunity to elect to receive AMERICAN DEPOSITARY
      SHARES (ADS) corresponding to the shares you have been granted
      conditionally. Should you elect for a delivery of the corresponding ADSs,
      your shares will be deposited with the depositary under the ADS facility
      and you will receive the corresponding ADSs. Any ADSs will be delivered to
      you in global form through the Depositary Trust Company and registered in
      the name of a brokerage account you may designate.

      Nonetheless, your election for a delivery of ADSs corresponding to the
      granted shares does not exempt you from timely opening your custody
      account with EEF.

      To elect for a delivery of ADS, you must:

<TABLE>
<S>                                 <C>                             <C>
SCOR                                Tel +33 (0)1 46 98 70 00        RCS Nanterre B 562 033 357
Immeuble SCOR                       Fax +33 (0)1 47 67 04 09        Siret 562 033 357 00020
1, Avenue du General de Gaulle      e-mail : scor@scor.com          Societe Anonyme au Capital
92074 Paris La Defense Cedex                                        de 645 335 978 Euros
France
</TABLE>

<PAGE>

      -     complete very carefully, initial and sign the "Certificate" attached
            hereto,

      -     return such duly initialled and signed "Certificate", PRIOR TO
            DECEMBER ___, 2004, to your employer's Human Resources department.

If you fail to timely return your "Certificate", on or before December ___,
2004, your election for receiving the ADSs corresponding to the shares that have
been granted to you will be void.

We ask you to please note the following:

- If you fail to open your custody account in accordance with the instructions
provided in this custody account memorandum, on or before January 9, 2005, you
shall forfeit all rights to receive shares under the Plan.

- SCOR will pay the custody fees for this account and will also pay trading fees
for up to two sales transactions a year (1).

- If you terminate your employment with the SCOR group, you will no longer be
permitted to utilize your custody account with EEF and you undertake, by signing
the custody account agreement, to immediately transfer your SCOR shares to any
other account that you may designate at that time. SCOR will not be responsible
for any costs related to the new account or any fees related to any trades that
occur after your employment with the SCOR group terminates.

- Sell orders must be made using the appended form and sent, BY POST OR FAX to:

EURO EMETTEURS FINANCE
Service Accueil Actionnaires
48, boulevard des Batignolles
75017 Paris
FRANCE
Fax: +33 (0)1 55 30 59 20

If you wish to have EEF sell some or all of your shares on January 10, 2005
(i.e. the date where the ownership of the shares will be transferred to you),
you must send your sell order so that EEF receives it from January 5, 2005 to
January 9, 2005 (noon - Paris time). If you do so, your sell order will be
implemented by EEF on January 10, 2005 at 9 am (Paris Time), based on the stock
market opening price.

Any sell orders that you send on or after January 10, 2005 will be processed by
EEF, pursuant to your instructions, within 48 hours after receipt by EEF.

For more information, you may consult the FAQ section on the myscor intranet.

For information concerning your custody account or how to place an order, you
may contact EEF (from 9 am to 6 pm - Paris Time):

Telephone number for beneficiaries outside of France: +33 1 55 30 59 18

You also may e-mail any questions you may have to eef_accueil_actionnaire@eef.fr

Yours Sincerely,

Human Resources Department.

---------------------
(1) These fees, which include a minimum charge of (euro) 14, are 0.75% of
transactions up to (euro)10,000 and 0.56% above (euro)10,000.

<TABLE>
<S>                                 <C>                             <C>
SCOR                                Tel +33 (0)1 46 98 70 00        RCS Nanterre B 562 033 357
Immeuble SCOR                       Fax +33 (0)1 47 67 04 09        Siret 562 033 357 00020
1, Avenue du General de Gaulle      e-mail : scor@scor.com          Societe Anonyme au Capital
92074 Paris La Defense Cedex                                        de 645 335 978 Euros
France
</TABLE>

                                                                               2
<PAGE>

                   Model letter - instructions of the employee

                                   CERTIFICATE

I hereby deposit the ordinary shares described in (2) below with the Bank of New
York ("the Depositary") in order that I may receive American Depositary Shares
("ADSs") corresponding to such ordinary shares. I hereby direct that the
Depositary execute and deliver such ADSs in the form and to the person or
persons described below. I hereby certify and confirm that the information set
forth below is true and correct.

(1)   Name :

(2)   Number of ordinary shares to deposit :

(3)   Deliver the ADSs in global form delivered through the Depositary Trust
      Company and registered in the name of the following brokerage account :

      a.    Name of broker      :

      b.    Address of broker   :

      c.    Contact             :

      d.    DTC#                :

      e.    Account Number      :

      f.    Account name        :

Signature : ____________________

Date : _________________________

<TABLE>
<S>                                 <C>                             <C>
SCOR                                Tel +33 (0)1 46 98 70 00        RCS Nanterre B 562 033 357
Immeuble SCOR                       Fax +33 (0)1 47 67 04 09        Siret 562 033 357 00020
1, Avenue du General de Gaulle      e-mail : scor@scor.com          Societe Anonyme au Capital
92074 Paris La Defense Cedex                                        de 645 335 978 Euros
France
</TABLE>

                                                                               3

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