French insurer and reinsurer SCOR has announced the appointment of seasoned longevity risk transfer executive, Wolfgang Murmann, as its new Head of Longevity for Europe, the Middle East and Africa (EMEA).
The appointment of Murmann, who has a solid track record in longevity risk transfer markets and joins from asset management firm, Insight Investment, will enable SCOR to expand its coverage for the continental European longevity risk transfer and reinsurance marketplace.
While at Insight Investment he focused on solutions for pensions and institutions, and time spent at both Commerzbank AG and Dresdner Kleinwort also grew his experience and knowledge in the sector.
Longevity risk is seen as one of the growth areas in the reinsurance market, with pension schemes increasingly looking to hedge their growing longevity exposure, essentially protecting themselves against the exposure of cohort’s living longer than initially anticipated.
SCOR has participated in a number of large longevity risk transactions over the years, acting as both a lead reinsurance provider and also more traditionally structured longevity reinsurance arrangements in more recent times. The expansion of its longevity team should enable the re/insurer to increase its presence in the European longevity risk transfer market.
