21 March 2023Insurance

SCOR at Lloyd’s attracts ‘top talent’ from Allianz, Chubb and Fidelis to expand

Global reinsurer  SCOR has bolstered its leadership at its Lloyd’s platform with three key hires from Allianz, Chubb and Fidelis on the heels of strong results in 2022 that saw its gross written premiums increase by 15% and a combined ratio of 90.1%.

In a bid to further build out of its environmental impairment liability (EIL) practice, SCOR has hired Yvonne Ledger and Kate Carrett as senior underwriters, both reporting to Emma Bartolo, global segment lead for EIL, who joined SCOR last month following more than 14 years at insurer Chubb, most recently as corporate regional manager, London.

Additionally, Kayley Stewart has been appointed as senior underwriter in the crisis management team, effective September 11, 2023. Stewart will report to David Guest, global line head of crisis management.

Carrett joins from Allianz Global Corporate & Specialty (AGCS), where she most recently served as head of environmental, London and Nordics. Prior to that, she worked at QBE Insurance as an underwriter.

Ledger was previously senior environmental risk underwriter at Chubb. She has also worked as an environmental underwriter for XL Environmental for three years.

Stewart currently serves as co-deputy FUL chief underwriting officer and head of crisis management at Fidelis MGU. She has previously held senior underwriting roles at Liberty Specialty Markets, Lancashire Insurance Group and Aon.

SCOR Syndicate delivered a combined ratio of 90.1 percent in 2022, with £22.6 million profit and its gross written premium (GWP) reaching £306.2 million.

Chris Beazley, CEO of SCOR UK and the SCOR Syndicate, said: “We have delivered another set of strong results building on the momentum from the past few years. This demonstrates the success of our strategy to diversify the business, to prioritise high-quality execution and to deepen our integration into the wider SCOR Specialty Insurance business.

“SCOR’s syndicate platform continues to grow, reinforcing our position as a leading player in specialty insurance, which is enabling us to attract high calibre talent to our team. We remain dedicated to growing sustainably and to leveraging our expertise and strong market presence to provide innovative and tailored solutions to our clients.”

Romain Launay, deputy CEO of SCOR P&C and CEO of Specialty Insurance added: “Given the increasingly uncertain world our clients face, SCOR’s priority is to be a strong, reliable, and relevant partner. The SCOR Syndicate is an invaluable strategic platform enabling the Specialty Insurance business to leverage a unified London platform and a single pool of top talent to write business in a flexible way and deliver meaningful solutions and excellent service to our clients.”

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