SCOR welcomes Chris Beazley as CEO of SCOR UK and the SCOR Syndicate
SCOR is pleased to announce the arrival of Chris Beazley as CEO of SCOR UK and the SCOR Syndicate, effective 20th September 2022, subject to regulatory approval. Chris takes over the role from Stuart McMurdo, who was appointed as CEO of Reinsurance following the announcement in June that Michel Blanc will retire with effect from January 2023. Based in London, Chris will report to Catherine Fassi, Regional CEO of EMEA and Canada for P&C business.
Chris brings more than 20 years of experience to his new role, having worked for underwriting and broking firms in the UK, Switzerland, Singapore and the US.
Catherine Fassi comments: “It is with great pleasure that we welcome Chris on board. He is a highly experienced insurance and reinsurance professional with an in-depth knowledge of our market, which makes him the ideal person for the role.”
Romain Launay, CEO Specialty Insurance and Deputy CEO SCOR P&C, comments: “Our UK platform has historically been and will continue to be at the heart of SCOR Specialty Insurance. With SCOR UK and the SCOR Syndicate, our teams can deploy their proven underwriting skills, both on the company market and at Lloyd’s, to optimally serve our clients. I would like to extend my thanks to them and to Stuart McMurdo for their success during his tenure. Chris is a recognized leader, and we all look forward to writing a new chapter with him.”
SCOR Syndicate appoints Marie Biggas as Active Underwriter
SCOR’s 100% backed SCOR Syndicate is pleased to announce the appointment of Marie Biggas as Active Underwriter and Chief Underwriting Officer of SCOR UK, subject to regulatory approval. She will report to both Stuart McMurdo, CEO of SCOR P&C EMEA and the SCOR Syndicate and to Olivier Perraut, Global CUO Single Risks.
Previously Marie was Vice President, Deputy Active Underwriter for Arch Syndicate 2012, and Head of Terrorism, Aviation, War and Space for Arch Insurance International. Prior to joining Arch in 2014, she held several underwriting positions at ACE Group, Chaucer Syndicates, and Amlin, and has 14 years of experience in the insurance industry.
Marie is a Chartered Insurer and Associate of the Chartered Insurance Institute. She holds a bachelor’s degree in Public Administration from Roskilde University and an MA in Political Communications from Goldsmiths University.
Stuart McMurdo commented: “We are entering a new chapter in the Syndicate’s journey. The intention is to build on two great consecutive results in 2020 and 2021 and continue delivering profitable growth in the years ahead, whilst at the same time broadening the SCOR Specialty Insurance profile and presence in the London Market and Europe. We are delighted to be able to bring someone of Marie’s stature and ability to execute the next stage of our plans. Her appointment further strengthens our existing executive team.”
SCOR Channel delivers on strategy with £14.1 million profit for 2021 and becomes the SCOR Syndicate
2021 provided pleasing results for SCOR Channel, which produced a £14.1m full-year profit for 2021
Further integration with SCOR’s Specialty Insurance platform continues to strengthen SCOR Channel’s business position
Increased focus on sustainable growth combined with a diversification of SCOR Channel’s portfolio
SCOR Channel, part of SCOR’s Specialty Insurance platform, announces the continued delivery on its strategic objective of returning to profit, having produced a profit of around £25 million over the past two years. For the full year 2021, SCOR Channel returned a profit of £14.1 million.
Effective April 1st, as part of the positive continuation of its integration with the SCOR Group, SCOR Channel will be renamed as the SCOR Syndicate.
Stuart McMurdo, CEO of SCOR P&C EMEA, commented: “Despite some market turbulence, 2021 proved to be another good year for SCOR Channel. Following the resetting of our strategy in Q4 2018 and the remediation work accomplished through 2019, we are delighted to see another strong set of results for our syndicate. These results further strengthen the business’ position within SCOR’s Specialty Insurance unit, promoting increased structural alignment. Going forward, our focus is on ensuring our portfolio continues to be sustainable through diversification away from the property segment, while maintaining our position therein.”
Romain Launay, Deputy CEO of SCOR P&C and CEO of Specialty Insurance, commented: “The renaming of SCOR Channel as the SCOR Syndicate reflects the depth of its integration into the wider SCOR Specialty Insurance unit. This integration allows SCOR to leverage a unified London platform and a single pool of top talent to write business in a flexible way, thereby offering the optimal solutions to our client needs.”