NicoElNino/Shutterstock.com_2045498015

30 July 2024Reinsurance

SCOR launches bold turnaround plan after L&H setbacks; ‘disappointed’ CEO Léger takes charge

Global reinsurance giant SCOR has launched a strategic action plan to restore profitability and parted ways with its CEO of life & health (L&H) which significantly dragged down its second quarter 2024 results, culminating in a net loss. Group CEO has taken matters into his own hands by assuming the additional role to personally oversee the turnaround, focusing on reserves, in-force management, and new business.

Already registered?

Login to your account

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Crew Reinsurance Brokers caps multiyear transformation with fresh brand, corporate identity

2 February 2026 Rebrand builds on the past while aligning the firm with its present and future, says CEO.

Aspen veteran joins Peak Re to drive P&C underwriting at the top

2 February 2026 Incoming C-suite leader hailed for ‘strategic clarity’ after 20 years at Aspen.

Global player interest in Latin America grows, despite rate softening

1 February 2026 Latin America has challenges but they are not putting off the big four European reinsurers.

More articles

California FAIR Plan handcuffed and blindfolded in depopulation: CEO

Florida cat fund swells in 2025 but still can’t take major event unaided

Marsh UK rebrand takes shape with consulting head named CEO

Liberty takes off with Willis aviation broking head

Crew Reinsurance Brokers caps multiyear transformation with fresh brand, corporate identity

Hive assembles marine team with Everest, Markel hires

Insurers will have to up their game to meet ‘monumental’ data centre opportunity: Aon

China mulls $29bn bond sale to recapitalise insurers: reports

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze