Global reinsurer SCOR has announced a number changes to its Group Executive Committee, proposed by Laurent Rousseau, Chief Executive Officer (CEO) of SCOR and supported by the Nominations Committee of the Board of Directors and approved by the entirety of the Board.
SCOR says that the changes reflect the importance of transformation and sustainability in the next phase of its strategic development.
Under then changes, François de Varenne, CEO of SCOR Global Investments, will now oversee an expanded area of leadership including Investments, Technology, Budget, Group Project Officer and Group Corporate Finance. In his expanded role, he will be in charge of the Group’s transformation.
Also with expanded responsibilities is Claire Le Gall-Robinson, Group General Secretary, responsible for Governance, Sustainability, Legal and Compliance functions, who has been appointed Group Chief Sustainability Officer. Alongside her current responsibilities, she takes charge of Human Resources, Communications and Hub operations.
SCOR has also appointed Frieder Knüpling, previously Group Chief Risk Officer (CRO), as CEO of SCOR Global Life, succeeding Paolo De Martin. Knüpling will be replaced as CRO by Fabian Uffer, previously Group Head of Risk Modelling.
While Romain Launay, previously Group Chief Operating Officer (COO), has been appointed Deputy CEO for SCOR Global P&C and CEO of Specialty Insurance.
As well as the new appointments and expanded roles, SCOR has revealed that Ian Kelly, Group Chief Financial Officer (CFO); Jean-Paul Conoscente, CEO of SCOR Global P&C; and Brona Magee, Deputy CEO of SCOR Global Life, continue to serve in their current roles.
Rousseau commented: “The breadth of global experience, the diverse backgrounds, the strong expertise, the knowledge of the industry and the leadership qualities of the members of this renewed Group Executive Committee give me a high degree of confidence in our ability to successfully pursue SCOR’s development. These internal promotions bear witness to the depth of SCOR’s talent pool and the strong competencies of our rising leaders. I am confident that this new organization will ensure managerial continuity while reflecting the strategic importance of transformation and sustainability for the Group.
“We are mobilized to accelerate the company’s profound transformation provided for in the “Quantum Leap” strategic plan and accelerate long-term value creation for all our stakeholders. I have shaped this Group Executive Committee – both the members and the allocation of responsibilities – with a view to ensuring that we will work and act as one team to execute SCOR’s strategy and, together with our more than 3,000 employees, write the next chapter of SCOR’s success story.”
Denis Kessler, Chairman of SCOR, added: “I have every confidence in this Group Executive Committee’s ability to continue the long-term development of the Group for the benefit of all stakeholders. On behalf of the Board, as well as on my own personal behalf, I thank Paolo De Martin for his marked contribution to the Group’s development since he joined SCOR in 2007.
“After having successfully served as Group CFO, he has been instrumental in the expansion of the Group’s global franchise over the past seven years as CEO of SCOR Global Life. I wish Paolo every success for the next step in his career.”
