SCOR has restructured its large corporate risks insurance unit, SCOR Business Solutions, to align with its current strategic plan, ‘Vision in Action’, which aims to increase the firm’s client centricity.
The new organisational structure promotes greater business leadership and client and broker relationship management at a local level, offering global Line of Business expertise and a wider range of products and solutions.
SCOR Business Solutions is now structured around three regions (EMEA, Asia-Pacific, Americas) and six global lines of business (Construction, Property, Energy, Casualty, Financial Lines and Marine & Transportation).
It also features a newly created Portfolio Underwriting unit and Chief Technical Officer role, which, combined with SCOR’s integration of technology and innovation into its underwriting practices, is expected to make the organisation more agile and scalable.
The unit continues to be led by Laurent Rousseau, who was appointed Deputy Chief Executive Officer of SCOR Global P&C in April 2018.
Rousseau commented: “The ongoing insurance sector transformation is creating opportunities, which we intend to seize with the development of our insurance platform and specialist approach.
“SCOR Business Solutions will be further building on its 40-year track record as a large corporate risks carrier, making the best possible use of all the potential synergies within the SCOR group.”
SCOR’s reorganisation of the unit attempted to build on its existing strengths, which include a sustained track record of profitability, a strong technical culture, and a flexible position in the re/insurance risk transfer chain.