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Laurent Rousseau, Deputy CEO of SCOR Global P&C; Source: SCOR
29 March 2018Insurance

SCOR appoints deputy CEO of global P&C replacing Gentsch

French reinsurer SCOR has appointed Laurent Rousseau as deputy CEO of SCOR Global P&C effective April 1, 2018, replacing Benjamin Gentsch.

In addition, Rousseau will join the group's executive committee.

In his new role, he will also become chief underwriting officer for specialty lines and business solutions. Rousseau currently serves as chief underwriting officer of SCOR Global P&C's treaty business in EMEA. He has held numerous advisory, strategy, and underwriting positions since joining the group in 2010.

Rousseau replaces Gentsch, who is leaving SCOR as of April 1, 2018. Gentsch served as CEO of SCOR Switzerland and deputy CEO of SCOR Global P&C for more than 10 years.

"On behalf of the board of directors and the executive committee, as well as on my own personal behalf, I would like to warmly thank Benjamin Gentsch for his marked contribution to the development and success of SCOR over the past decade,” said Denis Kessler, chairman and CEO of SCOR. “I am very pleased that Laurent Rousseau is joining the executive committee and taking a leading role alongside Victor Peignet in SCOR Global P&C.”

As part of the move, Douglas Lacoss, who currently serves as chief reserving actuary at SCOR Global P&C, has been promoted to chief underwriting officer for the EMEA treaty business, replacing Rousseau.

Ecaterina Nisipasu, who is currently head of actuarial modelling, has been promoted to head of reserving, capital modelling & risk management for SCOR Global P&C, mainly replacing Douglas Lacoss in his current chief reserving actuary position.

Andreas Frank succeeds Gentsch as CEO of SCOR Switzerland and SCOR Holding (Switzerland). Frank currently holds the roles of chief financial officer for SCOR Switzerland and CEO of SCOR Services Switzerland.

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22 February 2018   French reinsurer SCOR has seen its net profit halve in 2017 compared to 2016 as it absorbs significant nat cat losses while at the same time expanding the business.