“Over the past 25 years with Swiss Re, Thierry made great contributions to many parts of our business, from reinsurance to former Life Capital business unit, to group underwriting,” commented the chief government on his colleague’s time at Swiss Re.
“Since his appointment as group CUO in 2020, he has successfully evolved our underwriting capabilities through utilising cutting-edge research, access to more and better data and analytics.”
Mumenthaler added: “On behalf of the entire group executive committee, I would like to thank Thierry for his dedication and commitment to Swiss Re and wish him all the success for the future.”
Next profession transfer
After leaving Swiss Re, Léger will finally come onboard SCOR to interchange Laurent Rousseau who has resigned to pursue different skilled alternatives.
Lifting the lid on its decide, SCOR mentioned in a launch: “The board of administrators is satisfied that Thierry Léger has all of the skilled expertise and managerial qualities required to succeed as CEO of SCOR. The board of administrators will suggest that Thierry Léger be a part of the board on the 2023 basic assembly.
“François de Varenne, executive committee member in charge of investments, technology, transformation, and group corporate finance, is appointed interim CEO of SCOR with immediate effect until Thierry Léger takes up his post.”
As talked about, Léger is making the swap greater than three months from now.
“Acting on the proposal of the nomination committee, the board of directors has unanimously decided to entrust the executive management of the group to Thierry Léger, an experienced and skilled reinsurer who is an expert in both life and non-life reinsurance,” famous SCOR chair Denis Kessler.
“Having held key positions at a major global reinsurance company, he has all the skills required to lead the SCOR group and forge a new strategic vision for the company, while pursuing an underwriting policy based entirely on technical profitability.”
Kessler, who added that the agency is “embarking on a new chapter in its history,” believes that Léger will restore SCOR’s profitability by giving excessive precedence to capital allocation and returns and by training very strict danger administration. At the identical time he thanked Rousseau for the latter’s contribution throughout what the chair described as a “particularly difficult” interval.
The incoming boss, in the meantime, is “very happy” and honored by the boldness positioned in him.
“I look forward to meeting the group’s employees, clients, and shareholders,” declared Léger. “I plan to actively pursue the expansion of the corporate by persevering with to develop its merchandise and its construction. The reinsurance sector presents many alternatives, each on the legal responsibility aspect with the elevated demand for canopy and the advance of phrases and circumstances, and on the asset aspect with the rise in rates of interest.
“I am convinced that SCOR is well placed to take full advantage of this favourable environment. I know that I can count on highly skilled and experienced teams, and on excellent client relations. Let’s all make this journey together. I will focus all my energy on giving fresh impetus to SCOR.”