Leadership shake-up at SCOR P&C, new reinsurance CEO unveiled
SCOR has unveiled a new chief executive officer of reinsurance and launched a search to find a new CEO of its Lloyd’s and the UK business following the departure of a key official after over three decades.
After 31 years with SCOR, Michel Blanc will retire in January 2023. He will be succeeded as CEO of reinsurance by Stuart McMurdo (pictured, left).
Blanc and McMurdo will work very closely with immediate effect to ensure a smooth transition and relationship continuity with its business partners.
McMurdo joined SCOR in 2018 as CEO of SCOR UK and the SCOR Syndicate, and became regional CEO for EMEA in 2020.
A recruitment process has been launched to replace McMurdo as CEO of the SCOR Syndicate and SCOR UK, and McMurdo will remain CEO of these two entities until the end of this recruitment process and regulatory approval.
Catherine Fassi (pictured, right) will replace McMurdo as regional CEO of EMEA and Canada for P&C, effective July 1, 2022.
SCOR highlighted its “deep talent bench” and hailed McMurdo’s leadership as “essential to improve the financial performance of the SCOR Syndicate and to bring together the P&C platform in EMEA.”
Jean-Paul Conoscente, CEO for P&C at SCOR, commented: “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.”
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