SCOR’s corporate governance is strong, diverse and independent.
As a listed Group, SCOR adheres closely to best practices. Since 2008, SCOR has adopted the Corporate Governance Code for listed corporations (Code de gouvernement d'entreprise des sociétés cotées) published by the AFEP (Association Française des entreprises privées) and the MEDEF (Mouvement des entreprises de France) (hereinafter the "AFEP-MEDEF Code") as its corporate governance code of reference. Two governance bodies play a key role in meeting the Group’s strategic objectives and ensuring appropriate management of risks: the Board of Directors, which is supported by six committees and includes a Lead Independent Director, and the Group Executive Committee.
The Board of Directors
The SCOR SE Board of Directors establishes the Group’s business plan and strategy, ensures its implementation, and oversees the social and environmental implications of SCOR’s activity.
The Board of Directors is currently composed of 14 directors including two employee-elected directors:
Denis Kessler (Chairman & CEO), a French citizen, is a graduate of HEC business school (École des Hautes Études Commerciales), holds a PhD in economics and advanced degrees in economics and social sciences, and is a Fellow of the French Institute of Actuaries. He was Chairman of the Fédération Française de l’Assurance (FFA), Senior Executive Vice-President and member of the Executive Committee of the AXA Group and Executive Vice-President of MEDEF (Mouvement des Entreprises de France). Denis Kessler joined SCOR as Chairman and Chief Executive Officer on November 4, 2002. In January 2016, he was elected to join the Academy of Moral and Political Sciences of the Institut de France.
Fabrice Brégier, a French citizen, is a graduate of the École Polytechnique and a Chief Engineer of the Corps des Mines. He began his career at the DRIRE Alsace (Ministry of Industry and Trade) before being appointed Sub-Director of Economic, International and Financial Affairs at the Ministry of Agriculture (Directorate-General for Food) in 1989. After serving as an Advisor to several French Ministers from 1989 to 1993, he was appointed Chairman of Franco-German joint ventures at Matra Défense, Director of Standoff activities at Matra BAe Dynamics, and then CEO of MBD/MBDA. Before becoming a member of the EADS Executive Committee in 2005, he was Chairman and CEO of the Eurocopter Group. Fabrice Brégier has over twenty years of experience in Aerospace and Defense. He has spent a large part of his professional career at the Airbus group, successively holding the positions of Airbus COO between 2006 and 2012, Airbus President and CEO between 2012 and 2017, and finally COO and Chairman of Airbus Commercial Aircraft between 2017 and 2018. He has been Chairman of Palantir France since October 2018.
Lauren Burns Carraud, an American citizen, holds a BS from Saint Joseph’s University and an MBA from NYU Stern. She began her career at Marsh, specializing in D&O liability for financial institutions. Prior to joining SCOR, Lauren spent more than eight years at Citigroup and J.P. Morgan in a variety of strategy, banking, and communications roles. She joined SCOR in 2018 as Deputy Head of Communications.
Fiona Camara, a French citizen, studied foreign languages at Paris-Sorbonne University, where she graduated with a bachelor’s degree and then a Master of Science degree in Tourism Management. She began her career in 2013 as a Personal Assistant for a tour operator manager in San José, Costa Rica. She later worked as a Personal Assistant for a music manager in Atlanta, Georgia (USA), as well as for VIPs in a French concierge service. Fiona Camara joined SCOR in 2015 as the Group Chief Information Officer’s Personal Assistant.
Adrien Couret, a French citizen, is a graduate of HEC Paris and holds a master’s in management from the University of Paris I – La Sorbonne. He is a member of the French Institute of Actuaries. After holding various posts within the Macif group, he was appointed Chief Executive Officer in May 2019.
Vanessa Marquette, a Belgian citizen, holds a law degree and an economic law degree from the Université Libre de Bruxelles. She also studied law at the University of Michigan Law School as well as at Davis University and Berkeley University. She has practised as a lawyer at the Brussels Bar since 1995. She specializes in Banking Law and Financial Law and has particular expertise in the areas of Banking and Finance Law, Corporate Law, Insolvency Law and Security Interests and Private International Law. She has been a partner at the business law firm Loyens & Loeff since March 2020 after having been partner at the business law firm Simont Braun from 2005 until February 2020 and after having practised law at the Brussels offices of Stibbe Simont Monahan Duhot and Freshfields Bruckhaus Deringer. Vanessa Marquette is an independent director of the Erasme Hospital. She also teaches international financial law at the Université Libre de Bruxelles.
Bruno Pfister, a Swiss citizen, is a lawyer at the Geneva Bar and MBA graduate from UCLA Anderson School of Management. He was Chairman of the Board of Directors of Rothschild & Co Bank AG from December 2014 to September 2019. He was Vice-Chairman of the Swiss Insurance Association, Group Chief Executive Officer and Chairman of Swiss Life AG, member of the Executive Committee of Crédit Suisse Banking and Chief Financial Officer and member of the Executive Board of LGT Groupe AG.
Augustin de Romanet, a French citizen, is a graduate of the Institut d'Études Politiques in Paris and a former student of the École Nationale d’Administration. He was previously Chief Executive Officer of Caisse des Dépôts et Consignations, between 2007 and 2012, and Chairman of the Fonds Stratégique d’Investissement between 2009 and 2012. Prior to that, he was Deputy Finance Director at Crédit Agricole S.A. and a member of the Executive Committee. Before taking up that position, Augustin de Romanet served as Deputy Secretary General to the Presidency of the Republic of France, between June 2005 and October 2006, and held positions in various ministerial offices. In particular, between 2002 and 2005 he was Chief of Staff to Alain Lambert, Minister Delegate for the Budget; Deputy Chief of Staff to Francis Mer, Minister for the Economy, Finance and Industry; Chief of Staff to Jean-Louis Borloo, Minister for Employment, Labor and Social Cohesion; and lastly, Deputy Chief of Staff to Prime Minister Jean-Pierre Raffarin. Awarded the Légion d’honneur in 2007, Augustin de Romanet has received a number of awards, notably “Capitalist of the Year” awarded by the Nouvel Economiste magazine in 2008 and “Financier of the Year” awarded by the Minister of the Economy in 2012. Augustin de Romanet has been Chairman and Chief Executive Officer of Aéroports de Paris since 2012 and Chairman of Paris Europlace since July 2018.
Thomas Saunier, a French citizen, is a graduate of the Ecole Polytechnique, ENSAE and the French Institute of Actuaries. Actuarial Director and Director of Steering and Management Control at CNP Assurances from 2000 to 2003, he spent more than 10 years at Generali France, initially as Deputy Chief Executive Officer in charge of products, operations and information and finance systems. In 2005, he was promoted to Chief Executive Officer in charge of the individuals market, IT and services before taking charge of the companies, professionals and individuals markets in 2011. He was appointed CEO of the Malakoff Médéric group on June 1, 2016 in an environment characterized, for all players in the social protection sector, by unprecedented challenges in the management of supplementary pensions and in the development of the life and health insurance business. Following the merger of Humanis and Malakoff Médéric groups, Thomas Saunier became Chief Executive Officer of the Malakoff Médéric Humanis group on January 1st, 2019, now known as Malakoff Humanis group.
Kory Sorenson, a British citizen, was born in the US. She speaks fluent French and has a DESS degree in corporate finance from the Institut d’Etudes Politiques de Paris, a Master’s degree in applied economics from the University of Paris Dauphine, a bachelor’s degree in econometrics and political science from the American University in Washington, D.C., and a certificate in governance from Harvard Executive Education and another from INSEAD. Kory Sorenson has over twenty-five years of experience in financial services, most of which has been focused on insurance and banking. She was Managing Director, Head of Insurance Capital Markets of Barclays Capital and also held senior positions in the insurance capital markets and debt capital markets divisions of Credit Suisse, Lehman Brothers and Morgan Stanley. She began her career in the treasury department of Total SA in Paris. Kory Sorenson is currently a non-executive director of several major companies.
Claude Tendil, a French citizen, began his career at the Union des Assurances de Paris (UAP) in 1972. He joined the Drouot Group in 1980 as Chief Operating Officer. He was promoted in 1987 to Chief Executive Officer, before being appointed Chairman and Chief Executive Officer of Présence Assurances, a subsidiary of the AXA Group. In 1989, he was appointed Director and Chief Executive Officer of Axa-Midi Assurances, Chief Executive Officer of AXA from 1991 to 2000, then Vice-Chairman of the Management Board of the AXA Group until November 2001. During this same period, he was also Chairman and Chief Executive Officer of the AXA Group’s French insurance and assistance companies. Claude Tendil was Chairman and Chief Executive Officer of the Generali Group in France from April 2002 until October 2013, when he became the Chairman of the Board of Directors, holding this position until June 2016.
Natacha Valla, a French citizen, is an economist. She began her career at the European Central Bank (2001-2005) and then at the Banque de France (2005-2008) before joining Goldman Sachs as Executive Director (2008-2013). She was then Deputy Director of CEPII (2014-2016), a think tank in international economics before joining the European Investment Bank (2016-2018) in charge of Economic policy and Economic strategy and then the European Central Bank as Deputy Director in charge of Monetary Policy. She was a member of the Nation’s Economic Commission, of the scientific committee of the ACPR and of the Economic Analysis Council (Conseil d’analyse économique, CAE). She holds a PhD in Economics from the European University Institute in Florence and is the author of many publications and articles on monetary and international economy.
Fields Wicker-Miurin, an American and British citizen, studied in France at the Institut d'Etudes Politiques de Paris, and in the United States and Italy. She graduated from the University of Virginia (BA) and the School of Advanced International Studies of the Johns Hopkins University (MA). Fields Wicker-Miurin began her career in banking before joining Strategic Planning Associates (now Oliver Wyman Consulting) as a senior partner, where she was the main advisor to Lloyd’s of London. In 1994, she became Chief Financial Officer and Head of Strategy of the London Stock Exchange. She was a member of the Nasdaq Technology Advisory Council and advised the European parliament on financial markets harmonization. In 2002, she was one of the founders of Leaders' Quest, a social enterprise that works with leaders from all sectors and across the globe who want to make a responsible, positive difference through their leadership. In 2007 she was awarded the OBE (Officer of the British Empire) and in 2011 she was named Fellow of King’s College London. She is also a director of BNP Paribas and of Prudential plc and is a non-executive Member of the Board of the Department of Digital, Culture, Media and Sport of the UK Government, where she chairs the Audit and Risk Committee.
Wang Zhen, a Chinese citizen, holds a BA degree from the Beijing Normal University and is a Fellow of the Chartered Insurance Institute (FCII). She began her insurance career in 1982 by joining PICC, the then insurance monopoly, and became the General Manager of International Department in 1996 upon PICC becoming PICC Group. From 1997 to 2016, she worked for Munich Re, was the Chief Representative of MR Beijing, the Chief Executive of MR Beijing Branch, and a Board member of MR Greater China Advisory Board. Since 2014, she has been an Independent Director of Bank of China Insurance Company in China. Since 2017, she has also been an Independent Director of Trust Mutual Life Insurance Company in China.
SCOR’s Board of Directors has six active and specialized advisory committees, which prepare its proceedings and make recommendations on specific subjects.
The Audit Committee has a high level of financial expertise thanks to the experience of and positions held by its members during their careers. The Audit Committee has two main missions: accounting, financial and non-financial responsibilities; and ethical, internal control and compliance responsibilities.
- The accounting, financial and non-financial responsibilities include analysis of periodic financial statements, review of the relevance of choices and correct application of accounting standards, review of the accounting treatment of any material transaction, review of the scope of consolidation, review of significant off-balance-sheet commitments, control of the selection of Statutory Auditors, and review of any accounting and financial reporting documents before they are made public. The Group audit fees for services rendered during the year are subject to quarterly review and approval by the Audit Committee, with a specific review for the services other than audit services. The Audit Committee approves non-core audit fees to ensure that the auditors’ independence is not impaired.
- The ethical, internal control and compliance responsibilities include ensuring that internal procedures relating to the collection and auditing of data guarantee the quality and reliability of the Group’s financial statements. The Audit Committee is also in charge of reviewing agreements with related parties (conventions réglementées), analyzing and responding to questions from employees with regard to internal controls, preparing financial statements and the treatment of internal accounting books and records. It gives its opinion on the organization of internal audits, examines its annual work program, receives internal audit reports and remains informed regarding the implementation of recommendations. Finally, it examines the annual compliance plan and remains informed regarding the Group’s compliance activities.
The Audit Committee is composed of Kory Sorenson (Chairman), Vanessa Marquette, Bruno Pfister, Natacha Valla and Fields Wicker-Miurin; these are all independent members.
The Committee may consult the Chief Financial Officer, the Head of Internal Audit, the Heads of the actuarial and compliance functions and the Statutory Auditors on related issues, including in the absence of the Chairman and CEO. It may also call upon outside experts.
During the 2019 financial year, and for each meeting, it met with the Statutory Auditors and the Group Chief Financial Officer (during the review of the financial statements) in the absence of the Chairman and CEO. The review of the financial statements was completed with a presentation by the Statutory Auditors highlighting the main results of their work and the accounting methods used, as well as a presentation by the Group Chief Financial Officer describing risk exposure and material off-balance-sheet liabilities.
The Risk Committee examines, notably based on the Own Risk and Solvency Assessment (ORSA), the major risks that confront the Group on both the assets and liabilities sides, and ensures that tools for monitoring and controlling these risks are in place. It examines SCOR’s risks and its Enterprise Risk Management (ERM) policy. It also studies the Group's strategic risks (including emerging risks) as well as the Group’s main technical and financial commitments (underwriting, reserving, market, concentration, counterparty, asset-liability management, liquidity and operating risks as well as those relating to changes in prudential regulations).
The Risk Committee is composed of Bruno Pfister (Chairman), Fabrice Brégier, Vanessa Marquette, Kory Sorenson, Claude Tendil, Zhen Wang and Fields Wicker-Miurin. Except for Claude Tendil, the members are independent.
The Risk Committee may call upon outside experts.
The Compensation and Nomination Committee presents to the Board of Directors any questions related to the compensation of the executive corporate officer, share allocation plans and stock option plans. It examines proposals related to the composition, organization and functioning of the Board of Directors and its Committees.
The Compensation and Nomination Committee is composed of Augustin de Romanet (Chairman), Lauren Burns Carraud (employee-elected director), Vanessa Marquette, Bruno Pfister, Claude Tendil and Fields Wicker-Miurin. Except for the employee-elected director and Claude Tendil, the members are independent.
The Compensation and Nomination Committee may call upon outside experts.
The Chairman and Chief Executive Officer attends the sections of the Compensation and Nomination Committee’s meetings dealing with appointments and those dealing with compensation matters not related to him.
The Corporate Social and Societal Responsibility and Environmental Sustainability Committee was created to examine the main corporate social, societal responsibility and environmental sustainability issues faced by the Group, as well as the relevant strategies and action plans, and to monitor their implementation. The Committee submits proposals to the Board of Directors and examines relevant reports made to the Board. It studies extra-financial ratings and defines, if necessary, objectives in this area. Finally it ensures that the executive officers implement a policy of non-discrimination and diversity, notably with regard to the balanced representation of men and women on the governing bodies and to reports to the Board of Directors.
The Corporate Social and Societal Responsibility and Environmental Sustainability Committee is composed of Fields Wicker-Miurin (Chairman), Fiona Camara (employee-elected director), Vanessa Marquette, Bruno Pfister, Augustin de Romanet and Claude Tendil. Except for the employee-elected director and Claude Tendil, the members are independent.
The Corporate Social and Societal Responsibility and Environmental Sustainability Committee may call upon outside experts.
The Crisis Management Committee assists and advises the Board of Directors, proposing any necessary measures and decisions in the event of a crisis affecting the Group or one of its members, and follows up on such measures and decisions.
The Crisis Management Committee is composed of Augustin de Romanet (Chairman), Denis Kessler, Bruno Pfister, Kory Sorenson and Fields Wicker-Miurin.
The Crisis Management Committee meets only when necessary and as many times as it deems necessary.
Depending on the agenda, the Lead Independent Director, who chairs this Committee, may exclude the Chairman and Chief Executive Officer from the discussions of the Crisis Management Committee. Moreover, the Chairman and Chief Executive Officer must be disqualified from such discussions if the crisis is linked to a subject that personally concerns him.
The Crisis Management Committee may call upon outside experts.
Lead Independent Director
The Lead Independent Director, appointed by the Board of Directors, assists the Chairman and CEO in the organization and functioning of the Board and its Committees, as well as in the monitoring of corporate governance and internal control.
The Lead Independent Director also assists the Board in the efficiency of the Group's corporate governance and advises it on operations for which Board meetings are convened; convenes meetings of the independent directors as needed (at least once a year); and chairs the non-executive directors session. He can meet with shareholders to answer their questions, on behalf of the Board of Directors, on corporate governance topics. Responsibilities also include advising the directors on situations of potential conflict of interest.
Since April 27, 2017, the Lead Independent Director has been Augustin de Romanet.
SCOR’s Executive Committee is responsible for implementing the strategy adopted by the Board of Directors. The Chairman and Chief Executive Officer has executive authority to manage SCOR’s business, subject to the prior authorization of the Board of Directors or the Shareholders’ Meeting for certain decisions. As the French Code des Assurances stipulates that the effective management of a company must be performed by at least two persons (ie; the “four-eye principle”), the Board of Directors has designated the Chief Executive Officers of SCOR Global P&C and SCOR Global Life to carry out these functions.
Denis Kessler – Chairman of the Board of Directors and Chief Executive Officer of SCOR
Denis Kessler, a French citizen, is a graduate of HEC business school (École des Hautes Études Commerciales), holds a PhD in economics and advanced degrees in economics and social sciences, and is a Fellow of the French Institute of Actuaries. He was Chairman of the Fédération Française de l’Assurance (FFA), Senior Executive Vice-President and member of the Executive Committee of the AXA Group and Executive Vice-President of MEDEF (Mouvement des Entreprises de France). Denis Kessler joined SCOR as Chairman and Chief Executive Officer on November 4, 2002. In January 2016, he was elected to join the Academy of Moral and Political Sciences of the Institut de France.
Benoît Ribadeau-Dumas, a French citizen, is a graduate of the Ecole Polytechnique. Having graduated top of his class from the Ecole Nationale d’Administration (ENA), he began his career at the French Council of State, before becoming advisor to the Prime Minister from 2002 to 2004. In 2004, he joined Thales, an electrical systems group specializing in aerospace, defense and security. In 2010, he joined CGG, a company specializing in underground exploration, as Executive Vice President in charge of the Marine division. He was promoted to manager of the Acquisitions division in 2014. The following year, he joined the Executive Committee of Zodiac Aerospace, where he ran the Aerosystems branch and became a member of the management board. In 2017, he became Chief of Staff to the Prime Minister.
Jean-Paul Conoscente – Chief Executive Officer of SCOR Global P&C
Jean-Paul Conoscente, an American and French citizen, is a graduate of the University of California Berkeley (Master of Science in Structural Engineering) and the Ecole des Travaux Publics, Paris (Engineering Diploma in Civil Engineering). He started his career in earthquake engineering in California and then in CAT Modeling as the European head of the Modeling firm EQECAT. He subsequently held several senior positions with AON Benfield as a reinsurance broker in London and Paris, and then with AXA Re in Paris as the Global Head of Property. In 2008, he joined SCOR in New York as Chief Underwriting Officer for the Americas for SCOR Global P&C; he helped transform SCOR’s team and portfolio in the Americas before taking on the role of CEO of SCOR’s P&C U.S. Operations in 2016. Following SCOR Global P&C’s restructuring in September 2018, Jean-Paul Conoscente became its CEO of Reinsurance globally.
Paolo De Martin – Chief Executive Officer of SCOR Global Life
Paolo De Martin, an Italian citizen, graduated from Ca’ Foscari University, Italy with a degree in Business Economics. He subsequently spent two years in the optical business as founder and managing partner of an eyewear manufacturer. He joined General Electric Company (GE) in 1995 as a finance trainee in London. In 1997, he joined GE’s internal auditing and consulting group, charged with assignments in multiple GE businesses in the Americas, Europe and the Asia-Pacific region. In 2001, Paolo De Martin was promoted to Executive Manager for GE Capital Europe before joining GE Insurance Solutions as Financial Planning and Analysis Manager for Global Property and Casualty Reinsurance. In 2003, he was appointed Chief Financial Officer of GE Frankona Group, before becoming Chief Financial Officer of Converium Holding AG in July 2006. In September 2007, Paolo De Martin was appointed Group Chief Financial Officer of SCOR. In January 2014, after a short sabbatical period, he was appointed Chief Executive Officer of SCOR Global Life.
François de Varenne - Chief Executive Officer of SCOR Global Investments
François de Varenne, a French citizen, is a graduate of the École Polytechnique and a civil engineer of the Ponts et Chaussées. He holds a PhD in finance and graduated as an actuary from the Institut de Science Financière et d’Assurances (ISFA). François de Varenne joined the Fédération Française des Sociétés d’Assurances (FFSA) in 1993 as Manager of Economic and Financial Affairs. In London, beginning in 1998, he served successively as Insurance Strategist with Lehman Brothers, Vice-President for asset management solutions, and structured transactions specialist in insurance and reinsurance companies at Merrill Lynch and then at Deutsche Bank. In 2003, he became Managing Partner of Gimar Finance & Cie. He joined the Group in 2005 as Director of Corporate Finance and Asset Management. On September 3, 2007, he was named Group Chief Operating Officer. On October 29, 2008, François de Varenne was appointed Chief Executive Officer of SCOR Global Investments.
Ian Kelly - Chief Financial Officer of SCOR
Ian Kelly, a British citizen, is a Fellow of the Association of Chartered Certified Accountants. Having begun his career with Prudential, he subsequently joined the London-based Life reinsurance department of the Gerling Group, which later became Revios UK, holding the role of Chief Accountant. Following the acquisition of Revios by SCOR, he was appointed Chief Financial Officer of the UK operations in 2007. In 2009, Ian was appointed Director of General Accounting and Group Reporting, with responsibility for the consolidation of financial reporting of the SCOR Group. Ian strengthened his strategic, regulatory and financial experience within SCOR with his appointment as Head of Group Financial Planning and Analysis in 2011. Maintaining responsibility for the financial planning of the Group, Ian was additionally appointed Head of Investor Relations in 2016.
Frieder Knüpling – Chief Risk Officer of SCOR
Frieder Knüpling, a German citizen, holds degrees in mathematics and physics from the Universities of Göttingen and Freiburg. He worked as a lecturer and research assistant at the University of Freiburg and several other colleges, until he received a PhD in Economics based on research into the econometric modeling of macroeconomic and financial data. From 1999 to 2002, he worked for Gerling-Konzern Globale Rückversicherungs-AG and its UK Life Reassurance subsidiary, dealing with pricing and valuation. As of 2003, he headed the Corporate Actuarial & Treasury department of the Revios Group. In 2007, Frieder Knüpling headed SCOR’s Corporate Actuarial Department, reporting to the Chief Risk Officer. He was appointed Deputy Chief Risk Officer of SCOR in December 2008. In July 2010, he was appointed Deputy Chief Executive Officer of SCOR Global Life and member of the SCOR Group Executive Committee. On October 1, 2012, he was appointed Deputy Group Chief Risk Officer and on January 17, 2014, he was appointed Group Chief Risk Officer. Frieder Knüpling is a fellow of the Deutsche Aktuarvereinigung (DAV) and a Chartered Enterprise Risk Analyst (CERA).
Romain Launay – Chief Operating Officer of SCOR
Romain Launay, a French citizen, is a graduate of the École Polytechnique, of the École des Mines de Paris and of the Centre des Hautes Études de l’Assurance. Having occupied various positions at the French Ministry for Economy and Finance between 2004 and 2009, he became Technical Advisor to the Prime Minister in 2009. He joined SCOR in February 2012 as Senior Advisor to the Chairman and Chief Executive Officer, before being appointed Group General Secretary in May 2014. In February 2016, Romain Launay became Group Chief Operating Officer.
Brona Magee - Deputy Chief Executive Officer of SCOR Global Life
Brona Magee, an Irish citizen, holds a Bachelor of Actuarial and Financial Studies from University College Dublin. From 2006 to 2011 she worked for Transamerica International Reinsurance Ireland, which was acquired by SCOR in 2011. She was CFO for SCOR Global Life Reinsurance Ireland from 2011 to 2013. In 2013, she moved to the United States to take the position of Chief Financial Officer, Americas at SCOR Global Life and in 2015 was promoted to Deputy Chief Executive Officer, Americas. In February 2017, she returned to Dublin and became Chief Actuary for SCOR Global Life. She was appointed Head of Client Solutions and a member of SCOR Global Life’s Executive Leadership Team in November 2017. Brona Magee is a Fellow of the Society of Actuaries in Ireland.
Laurent Rousseau – Deputy Chief Executive Officer of SCOR Global P&C
Laurent Rousseau, a French citizen, is a graduate of HEC (Ecole des Hautes Etudes Commerciales). He started his career in 2001 as an equity analyst at Credit Suisse First Boston in London covering European insurers and reinsurers. In 2005, he joined J.P. Morgan in the insurance Investment Banking team, executing M&A, capital raising and restructuring transactions for European insurers and reinsurers. He joined SCOR in 2010 as Advisor to the CEO and became Head of SCOR Global P&C’s Strategy and Business Development in 2012. In July 2015, he became Chief Underwriting Officer of SCOR Global P&C’s treaty business in Europe, the Middle East and Africa. In April 2018, he was appointed Deputy Chief Executive Officer of SCOR Global P&C and member of the Group’s Executive Committee. Since September 2018, Laurent Rousseau has been CEO of Specialty Insurance (SCOR Business Solutions, the Channel Managing Agency and MGAs).