Stuart McMurdo is set to replace Michel Blanc as Chief Executive Officer (CEO) of Reinsurance at SCOR, with the latter set to retire in January 2023 after 31 years of service.
The French reinsurer notes that, effective immediately, McMurdo and Blanc will work very closely together to ensure a smooth transition and relationship continuity with business partners.
McMurdo joined the firm in 2018 as CEO of SCOR UK and the SCOR Syndicate, before becoming Regional CEO for EMEA in 2020.
SCOR says that his leadership was key to improve the financial performance of the SCOR Syndicate and to bring together the P&C platform in EMEA.
SCOR has now started the recruitment process for McMurdo’s replacement as CEO of the SCOR Syndicate and SCOR UK. Until this time, McMurdo will continue to serve as CEO of the two entities.
Catherine Fassi has been announced as the person that will succeed McMurdo as Regional CEO of EMEA and Canada for P&C, effective July 1st, 2022.
Jean-Paul Conoscente, CEO for P&C at SCOR, said: “I’d like to express my warmest thanks to Michel for all that he has brought to SCOR since 1991, both worldwide and in the Asia-Pacific region. It has been a great pleasure working with Michel throughout those years and I wish him a very well- deserved, happy retirement.”
Earlier in his career, McMurdo was the Head of Reinsurance for Santam Limited, South Africa’s largest short-term insurer. Before which, he worked as General Manager of one of South Africa’s leading retail brokerages, and spent 11 years with the Hannover Reinsurance Group in various management roles, working in South Africa and Germany.
Fassi started her reinsurance career as a statutory auditor at Mazars in Paris, then joined SCOR in 2013 as P&C Chief Accounting Officer. She held a range of roles within the SCOR P&C Finance team and 2019 was promoted to SCOR P&C Deputy CFO, and then in 2020 to SCOR P&C CFO.