SCOR hires ILS structurer Nguyen from Goldman Sachs as VP Third Party Capital

SCOR, the France-headquartered global reinsurance company, continues to build out its risk partnership and third-party capital capabilities, with the latest hire to come to light being Tony Nguyen, an experienced insurance-linked securities (ILS) structuring and investment banking executive who joins the reinsurer from Goldman Sachs.

Nguyen, who is based in New York, has joined SCOR as a Vice President of Third Party Capital.

Most recently, Nguyen worked in the Insurance Structured Finance team at Goldman Sachs, where that teams investment banking responsibilities ranged from capital raising to structuring and distributing insurance-linked securities (ILS) opportunities.

That team worked across the range of ILS structures, from catastrophe bonds to collateralized reinsurance sidecars, as well as other insurance and reinsurance financing and capital markets backed risk solutions.

Nguyen joined Goldman Sachs in 2021, but he has worked in insurance-linked securities (ILS) structuring for four years prior to that and in reinsurance since 2014.

His reinsurance market career started at broker Aon in Canada in 2014, before then moving to reinsurance firm Swiss Re in 2016, first working as an associate on rotation.

Nguyen spent one of his rotations in the insurance-linked securities (ILS) structuring team in the UK at Swiss Re, after which he moved to reinsurance broker Guy Carpenter and worked as an ILS structurer also in London where he spent almost two years.

Nguyen then returned to New York and rejoined Swiss Re, taking a position as an ILS structured in its Capital Markets team in late 2019.

His move to 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.

Nguyen’s hire comes on the heels of Benoît Liot being promoted to the new role of Head of Risk Partnerships at SCOR, a position that sees Liot leading on activities with third-party investors, while retrocession will be centralised beneath him.