SCOR hires from Goldman Sachs

SCOR hires from Goldman Sachs | Insurance Business Canada

Technology

SCOR hires from Goldman Sachs

The move is to strengthen the company’s risk partnership and third-party capital capabilities

Technology

By
Noel Sales Barcelona

France-headquartered global reinsurance company SCOR, has announced its hiring of Tony Nguyen (pictured), an experienced insurance-linked securities (ILS) structuring and investment banking executive, as its new vice president of third party capital. Nguyen used to be with Goldman Sachs, an investment company based in New York.

Nguyen was part of Goldman Sachs’ insurance structured finance team, where investment banking responsibilities ranged from capital raising to structuring and distributing insurance-linked securities (ILS) opportunities. The team focused on everything from collateralized reinsurance sidecars, to catastrophe bonds and ILS structures.

Before joining Goldman Sachs in 2021, Nguyen worked as an ILS structuring expert from 2010-2014. He joined Aon in Canada to jumpstart his reinsurance broker career in 2014, before then moving to reinsurance firm Swiss Re in 2016, first working as an associate on rotation.

An Artemis report added that Nguyen spent one of his rotations in the ILS structuring team in the UK at Swiss Re, and then moved to reinsurance broker Guy Carpenter, working as an ILS structurer also in London where he spent almost two years.

His appointment as VP for third party capital for SCOR comes at a time that the French reinsurance company is “placing an increasing emphasis on its risk partnerships business, seeking to leverage third-party investor appetite both for its retrocessional needs, as well as sharing reinsurance risk premiums generated by its underwriting with risk partners to utilise investor capital for growth as well,” according to the report.