SCOR taps HDI leadership for top executive role after key exit
Reinsurer SCOR has tapped a top executive from HDI Global to lead the company’s large corporate risks insurance unit, following the departure of its chief executive officer who had doubled the size of its specialty insurance business during his 12-year tenure.
Claire McDonald is joining SCOR as CEO of SCOR Business Solutions (SBS), which was previously named SCOR Specialty Insurance.
Romain Launay, who was previously CEO of SCOR specialty insurance, is leaving the company to pursue new professional opportunities.
McDonald will be responsible for affirming SBS’s position as a technical specialty commercial insurer and focus on developing a portfolio in line with the targets set out in SCOR’s three-year strategic plan. She will also serve as a member of the executive committee.
McDonald will be based in London and report to Jean-Paul Conoscente, CEO of SCOR P&C. Her appointment will take effect on September 1, 2024.
Conoscente said: “With more than 20 years of underwriting and senior leadership experience, Claire is an excellent addition to the P&C team. Her deep expertise, acquired in all areas of specialty insurance throughout her career, will bring us even closer to our clients. I look forward to working alongside her, as we continue to leverage on favourable market conditions. I would like to thank Romain Launay who has helped double the size of our specialty insurance business during his time at SCOR P&C, and I wish him all the best in his future endeavours.”
Thierry Léger, CEO of SCOR, said: “I am delighted to welcome Claire to the Executive Committee. In addition to her extensive track record, her recognized leadership qualities together with her innovative and forward-thinking mindset will be a valuable asset for SCOR. I extend my gratitude to Romain Launay, who is leaving SCOR after twelve years. During that time, he climbed the ladder to support the company's development at the highest level and contributed significantly to the Group’s success. I wish him every success in the next stage of his career.”
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