SCOR set for major business shake-up

SCOR set for major business shake-up | Insurance Business Australia

Reinsurance

SCOR set for major business shake-up

It outlines a new regional and business structure

Reinsurance

By
Kenneth Araullo

SCOR has announced a strategic overhaul of its organizational structure aimed at streamlining operations.

In a news release, the company revealed that it is shifting towards a more straightforward setup.

SCOR is simplifying the structures within its property & casualty (P&C) and life & health (L&H) divisions to facilitate more direct access for clients and to expedite decision-making processes.

The P&C reinsurance segment will undergo a transformation into five reinsurance regions, the Reinsurance Specialty Lines (formerly known as Reinsurance Global Lines), and the Global Clients teams. These units will report directly to Jean-Paul Conoscente, the CEO of SCOR P&C.

Leadership for the five reinsurance regions will be as follows:

Maria Brohmi will serve as head of P&C Western Europe & Middle East and Africa
Charles Bartlett has been named head of P&C North, Central & Eastern Europe
Nicolas Berg will take on the role of head of P&C North America
Fabio Pinho has been designated head of P&C Latin America
Mukul Kishore will lead the P&C Asia Pacific region

Eric Jenck will continue as head of reinsurance specialty lines, with Guillaume Ominetti appointed as head of global clients and Daniel Duesterhaus stepping into the role of head of P&C underwriting solutions.

Similarly, the L&H division will be organized into five key regions, each led by:

Redmond Murphy, as head of L&H UK & Ireland, Canada, and South Africa, alongside his duties as deputy CEO L&H
Pilar Santamaria Cases will oversee L&H Continental Europe & Latin America.
J.C. Brueckner has been appointed head of L&H US.
Chloe Wang will serve as head of L&H fast growth markets APAC.
Dion Russell will lead L&H mature markets APAC.

To align with the priorities outlined in the Forward 2026 plan, particularly for the L&H division, Bruno Latourrette has been named head of financial solutions, and Matthew Collins will assume the position of head of global longevity.

These organizational changes are scheduled to take effect on April 1, 2024.

What are your thoughts on this story? Please feel free to share your comments below.