SCOR has appointed Thomas Fossard as Head of Investor Relations, where he will also oversee the firm’s relationship with the rating agencies.
The French reinsurer describes Fossard as “highly esteemed by the investment community”, having written extensively on key themes in the European financial sector.
Fossard joins SCOR from HSBC, where he was Head of the European Insurance Equity Research team, with a specific focus on non-life insurers and reinsurers.
Before HSBC, he worked as a sell-side insurance analyst at BNP Paribas and Exane.
Collectively, he holds over two and a half decades of experience in covering listed European insurers, including SCOR, and in advising all types of investors on their decision-making with regard to the sector and the stock market.
In the new role, Fossard will report to François de Varenne, Group Chief Financial Officer and Deputy Chief Executive Officer.
Fossard takes on the position from Yves Cormier, who has decided to leave SCOR to pursue another opportunity, though will continue to run the Investor Relations team during the transition period. Fossard is set to officially join the Group in November 2023.
François de Varenne, Group CFO and Deputy CEO, commented, “I am delighted that Thomas is joining us as Head of Investor Relations. He brings unparalleled experience, having covered SCOR as a research analyst for more than 25 years.
“As we are entering the execution phase of our strategic plan, Forward 2026, his expertise will be extremely valuable in terms of continuing to engage proactively with shareholders and sharing the Group’s roadmap for value creation with the market.
“On behalf of the Executive Committee, and speaking personally, I would also like to thank Yves for his significant contribution to the Group’s financial communication over the past two years, more particularly for building our new reporting framework under IFRS 17 and for preparing the 2022 and 2023 Investor Days.”
