SCOR names new board chairman

SCOR names new board chairman | Insurance Business America

Insurance News

SCOR names new board chairman

Appointment takes effect immediately

Insurance News

By
Terry Gangcuangco

Fabrice Brégier (pictured) has been appointed as non-executive chairman of the board of directors at SCOR following the passing of Denis Kessler.

Effective immediately, the appointment concludes what the global reinsurer described as a “demanding and rigorous” succession process that began last year. In its announcement, SCOR noted that Brégier is considered to have all the necessary qualities as board chair.

“The board of directors is delighted with the choice of Fabrice Brégier, who has made a significant contribution to the work of the board and its committees since 2019,” the directors said in a joint statement. His wealth of experience at the head of major international groups and his in-depth knowledge of corporate governance are solid assets for SCOR, as the group gains fresh momentum.

“He and Thierry Léger will complement each other perfectly, supporting SCOR’s development at a particularly favorable time for the reinsurance industry.”

A former advisor to several French ministers, Brégier previously spent time as chief executive of companies like Eurocopter and Airbus.

“I am pleased and honored to have been entrusted with this important responsibility, as we open a new chapter in the company’s history,” he commented. “My thoughts are with Denis Kessler, who did so much to make SCOR a leading global reinsurer. His memory will compel and drive us to constantly strive for excellence, a value he held dear.

“Thierry Léger can count on my full support in drawing up the roadmap that will give the group its new strategic impetus. SCOR is already well placed to seize all current and future market opportunities.”

Prior to the appointment, vice chair Augustin de Romanet chaired the SCOR board in an interim capacity after Kessler’s passing was announced earlier this month.

What do you think about this story? Share your thoughts in the comments below.