SCOR appoints Conoscente as Global P&C CEO as Peignet retires

French reinsurer SCOR has appointed Jean-Paul Conoscente, currently CEO of reinsurance at SCOR Global P&C, as chief executive officer of SCOR Global P&C.

Conoscente replaces Victor Peignet who has decided to retire for personal reasons, after 35 years with the SCOR group.

Conoscente will also join the group's executive committee. His appointment is effective April 1, 2019.

Denis Kessler, chairman and chief executive officer of SCOR, commented: "On behalf of the board of directors and the executive committee, and on my own personal behalf, I would like to thank Victor Peignet wholeheartedly for his immense contribution to the SCOR group over the past 35 years. I salute his visionary leadership, his great intelligence, his exceptional work ethic and his strong passion for reinsurance, which have positioned SCOR Global P&C in the top tier of the industry.

"I fully respect his decision to leave the group for his own personal reasons. I know it has not been an easy decision to make, but it is an important one for his family and for himself. All of the group's bodies, the board of directors, the lead independent director, the executive committee and the boards of all the subsidiaries unanimously express their warmest thanks to Victor."

Kessler added: "I am very pleased that Jean-Paul Conoscente is taking the reins of the SCOR Global P&C division. Jean-Paul joined the group in 2008 in New York, where he headed SCOR Global P&C's North American business, before taking charge of all reinsurance business across the division.

"A Franco-American, Jean Paul is a true P&C reinsurance professional. His intellect and his human qualities are widely recognized. With his deputy CEO Laurent Rousseau, I know that Jean-Paul will continue Victor Peignet's work successfully, while bringing his own vision to the SCOR Global P&C division and the wider group."

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