05/16/2018 | Press release | Distributed by Public on 05/16/2018 07:59

SCOR announces enhancements to its large corporate risks insurance unit, SCOR Business Solutions

In accordance with the current strategic Plan, 'Vision in Action', SCOR is enhancing the organizational structure of its large corporate risks insurance unit, SCOR Business Solutions, to increase client centricity. Laurent Rousseau, who was appointed Deputy CEO of SCOR Global P&C on April 1, 2018, leads SCOR Business Solutions.

The new organizational structure builds on the strengths of SCOR Business Solutions: a sustained track record of profitability, a strong technical culture, and nimble positioning in the (re)insurance risk transfer chain, supported by SCOR's best-in-class financial strength rating. It combines greater business leadership and client and broker relationship management at a local level with global Line of Business expertise and a wider offer of products and solutions, with a view to being more relevant to clients and brokers. With broader portfolio underwriting and management capabilities through technology and innovation, SCOR Business Solutions is building an agile and scalable organization within the P&C division.

SCOR Business Solutions is now structured around three regions (EMEA, APAC, Americas), six global lines of business (Construction, Property, Energy, Casualty, Financial Lines and Marine & Transportation), a newly created Portfolio Underwriting unit, and a Chief Technical Officer.

Clients in each region are served by specialist underwriters, who draw on global technical business line expertise as well as the regional or global client relationship.

Laurent Rousseau, Deputy CEO of SCOR Global P&C, comments:'The ongoing insurance sector transformation is creating opportunities, which we intend to seize with the development of our insurance platform and specialist approach. SCOR Business Solutions will be further building on its 40-year track record as a large corporate risks carrier, making the best possible use of all the potential synergies within the SCOR group.'