SCOR SE : New Appointments at SCOR Global Life

Press Release
17 November 2015 - N° 29

Contact details

Marie-Laurence Bouchon
Group Head of Communications
+33 (0)1 58 44 76 10
mbouchon@scor.com:
mailto:mbouchon@scor.com

Bertrand Bougon
Head of Investor Relations
& Rating Agencies
+33 (0)1 58 44 71 68
bbougon@scor.com:
mailto:bbougon@scor.com

www.scor.com:
http://www.scor.com     
twitter : @SCOR_SE

New Appointments at SCOR Global Life

SCOR Global Life announces the following promotions, with immediate effect:

• J.C. Brueckner is promoted to CEO of the Americas at SCOR Global Life. For the last two years, J.C. has been deputy CEO of the Americas at SCOR Global Life, focusing his activity on the US market. In this position he has made a strong contribution to the successful integration of the Generali USA acquisition. J.C. will continue to be based in Kansas City (MO) and will report to Paolo De Martin, CEO of SCOR Global Life. Joe Gilmour, previous CEO of the Americas, is leaving the Group.
   
• Brona Magee is promoted to Deputy CEO of the Americas at SCOR Global Life. In this role Brona will be responsible for the technical aspects of the business, including finance, pricing, risk management and medical underwriting. Brona will report to J.C. Brueckner and will be based in Charlotte (NC).
   
• Brock Robbins is promoted to Head of US Markets at SCOR Global Life. In this role Brock will be responsible for the development and growth of business within the US markets, including Individual Life Reinsurance, Group Health and Life, and Velogica. Brock will report to J.C. Brueckner and will be based in Charlotte (NC).
   
• Bruce Lundeen is promoted to Chief Pricing Officer of the Americas at SCOR Global Life. In this role Bruce will have a dual reporting line to both Brona and Vincent Lepez, SCOR Global Life's Chief Pricing Actuary. Bruce will be based in Charlotte (NC).

             
Paolo De Martin, Chief Executive Officer of SCOR Global Life, comments: "Over the last four years we have successfully integrated two large acquisitions and the Americas now represent a very important part of SCOR Global Life. Today's announcements confirm our commitment to our clients in the region, as we strive to further improve our service locally while providing best-in-class global solutions."

Denis Kessler, Chairman & Chief Executive Officer of SCOR, comments: "The appointments announced today at SCOR Global Life in the Americas once again demonstrate the Group's ability to mobilize the best talent within our organization. The new SCOR Global Life team in the Americas will work closely with the local SCOR Global P&C teams to further develop SCOR's presence in the region."

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J.C. Brueckner, a United States citizen, holds a Bachelor's degree in Business Administration - Management Information Systems from Iowa University. J.C. previously held the position of Deputy CEO and Head of US Life Reinsurance business for SCOR Global Life. J.C. joined SCOR through the acquisition of Generali USA, where he was President and COO from 2004 to 2013. Prior to Generali USA, J.C. was Vice President Sales and Market Research at Transamerica Reinsurance from 2000 to 2004. J.C. will now serve as President and CEO of all the US Life Companies.

Brona Magee, an Irish citizen, holds a Bachelor's degree in Actuarial and Financial Studies from University College Dublin. Brona moved to Charlotte USA to take up the positon of CFO for the Americas in November 2013. Prior to that, Brona was CFO for SCOR Global Life Reinsurance Ireland from 2011 to 2013. Brona had worked for Transamerica International Reinsurance Ireland from 2006 to 2011, when SCOR acquired Transamerica Reinsurance. She is a Fellow of the Society of Actuaries. Brona will now serve as the Deputy CEO of all the US Life Companies.

Brock Robbins, a Canadian citizen, holds a degree in Actuarial Science from the University of Waterloo, Canada. Brock joined SCOR in 2011 with the acquisition of Transamerica reinsurance and took on the role of Chief Pricing Officer. Prior to this role, Brock was Chief Pricing Officer at Transamerica Reinsurance. He is a Fellow of the Society of Actuaries.

Bruce Lundeen, a US citizen, rejoins the Americas after spending the past 4 years as Chief Pricing Actuary and Head of Alternative Distribution Channels for Asia, based in Singapore. Bruce joined SCOR through the acquisition of Transamerica Reinsurance in 2011. He held the post of Vice President and Chief Pricing Actuary for International Markets from 2001 to 2011. Bruce received his Bachelor of Arts degree in Math and Economics from Augustana College. He is a Fellow of the Society of Actuaries.

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Forward-looking statements

SCOR does not communicate "profit forecasts" in the sense of Article 2 of (EC) Regulation n°809/2004 of the European Commission. Thus, any forward-.looking statements contained in this communication should not be held as corresponding to such profit forecasts. Information in this communication may include "forward-looking statements", including but not limited to statements that are predictions of or indicate future events, trends, plans or objectives, based on certain assumptions and include any statement which does not directly relate to a historical fact or current fact. Forward-looking statements are typically identified by words or phrases such as, without limitation, "anticipate", "assume", "believe", "continue", "estimate", "expect", "foresee", "intend", "may increase" and "may fluctuate" and similar expressions or by future or conditional verbs such as, without limitations, "will", "should", "would" and "could." Undue reliance should not be placed on such statements, because, by their nature, they are subject to known and unknown risks, uncertainties and other factors, which may cause actual results, on the one hand, to differ from any results expressed or implied by the present communication, on the other hand.
Please refer to SCOR's Document de référence filed with the AMF on 20 March 2015 under number D.15-0181 (the "Document de référence"), for a description of certain important factors, risks and uncertainties that may affect the business of the SCOR Group. As a result of the extreme and unprecedented volatility and disruption of the current global financial crisis, SCOR is exposed to significant financial, capital market and other risks, including movements in interest rates, credit spreads, equity prices, and currency movements, changes in rating agency policies or practices, and the lowering or loss of financial strength or other ratings.
The Group's financial information is prepared on the basis of IFRS and interpretations issued and approved by the European Union. This financial information does not constitute a set of financial statements for an interim period as defined by IAS 34 "Interim Financial Reporting".The Group's financial information is prepared on the basis of IFRS and interpretations issued and approved by the European Union. This financial information does not constitute a set of financial statements for an interim period as defined by IAS 34 "Interim Financial Reporting".