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SCOR announces shuffle of group executive committee

Major global reinsurer SCOR has announced several changes to its group executive committee as proposed by the new CEO of SCOR, Laurent Rousseau, and supported by the nominations committee of the board of directors and approved by the board.

The change reflects the importance of transformation and susceptibility for the next phase of strategic development Some of the group’s executive committee members will continue to serve in their current position as
their position remains unchanged. Ian Kelly will remain as the group’s Chief Financial Officer (CFO).

Jean Paul Conoscente will be continuing his work as Chief Executive Officer (CEO) of SCOR Global P&C, and Brona Magee will continue serving as Deputy Chief Executive Officer of SCOR Global Life.

Former group chief risk officer Frieder Knüpling is now appointed as chief executive officer of SCOR Global Life. He will be succeeding Paolo De Martin, who has decided to take a new direction while serving as SCOR Global Life’s chief executive officer from 2014.

Romain Launay has been designated as Deputy Chief Executive Officer (CEO) of SCOR Global P&C and CEO of Specialty Insurance. Previously, he was working as the group’s Chief Operating Officer (COO).

Fabian Uffer held the position of group head of risk modeling. He was in charge of the group’s internal model. Now, he will be succeeding in Frieder Knüpling as Group Chief Risk Officer and joining the Group Executive Committee.

François De Varenne, Chief Executive Officer (CEO) of SCOR Global Investments. With expanded responsibilities, he will oversee an enlarged area of leadership, including investment, budget, technology, group project office, and group corporate finance. He will also be in charge of the group’s

Claire Le Gall Robinson is one of the group’s executive committee members, who is already holding a position as Group General Secretary, and has been responsible for governance, legal, sustainability, and complaint functions and appointed group chief sustainability officer. With the expanded
responsibility, she will also be taking charge of human resources communications and hub operations.

Chief executive officer of SCOR, Laurent Rousseau, while commenting on these internal changes, said the breadth of global experience, diverse background, substantial expertise, knowledge of the industry, and the leadership quality of the members of this renewed Group Executive Committee, provides a high degree of confidence in the ability to pursue company’s development successfully.

This internal promotion bears witness to the depth of SCOR’s talent pool and the strong competencies of the its rising leader.

Laurent found himself confident about this new organization, ensuring managerial continuity while reflecting the group’s strategic importance of transformation and sustainability. They are mobilizing to accelerate the company’s profound transformation provided for in the “Quantum Leap” strategic plan to accelerate long-term value creation for its shareholders.
He added that he had shaped these group executive committees, both members and the allocation of responsibility, to ensure that they would work and act as a team to execute SCOR’s strategy. Together with companies, more than 3000 employees write the next chapter of SCOR’s success story.

Chairman of SCOR, Denis Kessler, commented on this internal group, shuffling that he has every confidence in the group’s executive committee’s ability to continue the group’s long-term development for the benefit of all stakeholders. On behalf of the board and his behalf, he thanked Paolo De Martin for his marked contribution to the group’s development since he joined the company back in 2007. After successfully serving as group CFO, he has been instrumental in expanding the group’s global franchise over the past seven years as CEO of SCOR Global Life. He wished Paolo every success for the next step in his career.

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