SCOR group CFO leaves for Everest Re; replacement revealed

Global reinsurer SCOR has appointed Ian Kelly as new chief financial officer (CFO), replacing  Mark Kociancic who is leaving the group after 15 years to join Bermuda-based Everest Re Group.

Kelly is currently head of investor relations, a role he has held since 2016. Following the acquisition of Revios by SCOR, he was appointed CFO of the UK operations in 2007. In 2009, he was appointed director of general accounting and group reporting, with responsibility for the consolidation of financial reporting of the SCOR Group, before becoming head of group financial planning and analysis in 2011. Kelly previously worked with Prudential and the Gerling Group in London.

In addition to his appointment as CFO, Kelly will also join SCOR's group executive committee.

Kociancic has served as group CFO since 2013, following successively senior positions within finance since joining SCOR in 2006.

Denis Kessler, chairman and chief executive officer of SCOR, said: “I am delighted that Ian Kelly is joining SCOR’s Executive Committee as CFO. His promotion bears witness to the depth of the Group’s talent pool. Ian has spent a large part of his career at SCOR. He knows the Group extremely well and has a strong command of the financial mechanisms of both Life and P&C (re)insurance. He has successfully fulfilled his role as Head of Investor Relations and his great professionalism is appreciated by everyone he deals with. Along with the entire team, Ian will actively pursue all the Finance transformation projects initiated by Mark, which rest in particular on the use of new technologies. Given Ian’s intellectual and human qualities, we are confident that he will be successful in this new key role. The Executive Committee and I look forward to working with Ian as part of his new responsibilities."

"On behalf of the Board of Directors and the Executive Committee, and speaking personally, I would like to thank Mark Kociancic for his strong contribution to the Group’s development since he joined us in 2006," Kessler added. "Over the past seven years as CFO, he has successfully led several financial operations and optimized the performance of the Finance function within the Group, actively preparing the transition to the new IFRS 17 financial accounting standard. I wish Mark every success in this new chapter of his career.”