SCOR reveals new chair after ‘demanding and rigorous’ process

Global reinsurer  SCOR has appointed a new chairman of its board of directors. The decision was made on the unanimous recommendation of the nomination committee following the conclusion of what it deemed as a “demanding and rigorous” succession process initiated in spring 2022.

Fabrice Brégier has been appointed non-executive chairman of SCOR with immediate effect.

Over the months since the process began, the company’s nomination committee, assisted by the international recruitment firm Egon Zehnder, has met on numerous occasions to define the search criteria for the future chairman to select an individual who could match the expected profile and take the helm of the board.

The committee, chaired by Adrien Couret, ultimately chose Brégier, who has been a SCOR director since 2019 and who, in the committee’s view, possesses all the qualities necessary to chair the board.

SCOR said its board reached its decision after hearing Couret’s report and Brégier's mission statement.

“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. 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 favourable time for the reinsurance industry,” the company said in a statement.

Brégier commented: “I am pleased and honoured to have been entrusted with this important responsibility, as we open a new chapter in the company’s history. 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.”

Did you get value from this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.