Leadership shake-up at SCOR as new CEO shapes fresh growth strategy

France-based global reinsurer  SCOR has shuffled its executive ranks as part of a fresh growth strategy developed by newly installed chief executive Laurent Rousseau. The move will see a long-serving executive leave the business to pursue other opportunities.

SCOR has appointed Romain Launay (pictured) as deputy CEO of SCOR Global P&C and CEO of specialty insurance. Launay was previously group chief operating officer.

Frieder Knüpling, previously group chief risk officer, is appointed CEO of SCOR Global Life, succeeding Paolo De Martin, who SCOR said is leaving to pursue a new direction in his career. De Martin has served as CEO of SCOR Global Life since 2014.

Fabian Uffer, previously group head of risk modelling, will now be in charge of the group’s internal model, succeeding Knüpling as group CRO and joining the group executive committee.

SCOR said the changes reflect its commitment to transformation and sustainability in the next phase of its strategic development.

Under the new structure, two group executive committee members will have expanded responsibilities. François de Varenne, CEO of SCOR Global Investments, will oversee an enlarged area of leadership including investments, technology, budget, group project office and group corporate finance. In his new role, he will be in charge of the group’s transformation.

Claire Le Gall-Robinson, group general secretary, responsible for governance, sustainability, legal and compliance functions, is appointed group chief sustainability Officer. In addition to her existing responsibilities, she will be in charge of human resources, communications and hub operations in this new and expanded role.

The members that will continue to serve in their current capacity include Ian Kelly as group chief financial officer, Jean-Paul Conoscente as CEO of SCOR Global P&C, and Brona Magee as deputy CEO of SCOR Global Life.

The new composition proposed by Rousseau has been approved by the company's Nominations Committee of the Board of Directors.

"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” said Rousseau.

Rousseau is confident that this new organisation 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," he said.

Denis Kessler, chairman of SCOR, commented: “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.”

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