France headquartered reinsurance company SCOR has announced the launch of a new EMEA Hub, covering Europe, the Middle East and Africa, a further step in its efficiency drive.
The EMEA Hub will bring together SCOR’s existing Paris-London and Zurich-Cologne Hubs, providing a much more simplified structure to the reinsurance group across operations in the EMEA region.
The newly created EMEA Hub will align SCOR’s shared services with the organisational structure of the two regional reinsurance divisions, bringing efficiency through minimising expense duplication.
Malcolm Newman, who has headed up the SCOR Paris-London Hub for some years, will lead the new EMEA Hub at SCOR as its Managing Director, and will report directly to Romain Launay, Group Chief Operating Officer of the reinsurer.
