French reinsurer SCOR has appointed Philipp Rüede as the Chief Executive Officer (CEO) of its Life & Health (L&H) division and a member of the Executive Committee, effective June 1st, 2025.
He succeeds Frieder Knüpling, who stepped down in July 2024. In the new role, Rüede will prioritise driving the L&H new business strategy to protect and deliver the in-force value, and improve the cash profile of the business. This aligns with the updated L&H strategy unveiled by the reinsurer in December 2024.
Rüede has over two decades of varied experience in banking and reinsurance. He entered the reinsurance industry in 2013, joining Swiss Re in Zurich as Head of Reinsurance Capital Management, overseeing the optimisation of capital efficiency within the Group. From 2015 to 2019, he led a team as Global Head of P&C Structured Solutions.
In 2019, he was appointed Head of the newly formed Alternative Capital Partners team, collaborating across P&C and L&H re/insurance lines to proactively manage risk limits and enhance the company’s flexible capital structure.
He began his career in 1999, in the Equity Derivatives Structuring and Trading department at Bank Vontobel in Zurich.
From 2000 to 2010, he was Global Co-Head of Equity Derivatives Structuring at CS First Boston, covering both the Zurich and Hong Kong offices. In 2010, he became a Partner at the Swiss electronic trading company Arbillon Capital AG.
Thierry Léger, CEO, SCOR, commented on the appointment, “Philipp will bring very valuable and complementary skills to SCOR. With his extensive experience and wide-ranging expertise, Philipp has all the qualities required to continue the transformation of our L&H business, restore its profitability, and improve its cash profile. The whole Executive Committee joins me in welcoming Philipp and wishing him every success in his new responsibilities.”
