International reinsurance firm SCOR has named Stuart McMurdo as its subsequent CEO of Reinsurance for the Property & Casualty (P&C) division of the corporate, as Michel Blanc will retire in January 2023.
McMurdo has labored for SCOR since 2018, having first joined the reinsurance firm CEO of SCOR UK and the SCOR Syndicate.
He later turned the Regional CEO for SCOR’s P&C operations within the EMEA area in 2020.
In his time on the firm, McMurdo has been chargeable for bettering SCOR Syndicate’s monetary efficiency and aligning the SCOR P&C platform in EMEA.
Blanc and McMurdo will work very carefully with instant impact, which SCOR says will assist to make sure a clean transition and relationship continuity with its reinsurance enterprise companions.
SCOR has launched a recruitment course of to discover a alternative for McMurdo, to take the function of CEO of the SCOR Syndicate and SCOR UK.
McMurdo will stay CEO of those two entities till the top of the recruitment course of and regulatory approval has been acquired.
In the meantime, the reinsurance agency stated that Catherine Fassi will substitute McMurdo as Regional CEO of EMEA and Canada for P&C, from July 1st, 2022.
The corporate stated these adjustments affirm its “deep expertise bench and observe lately introduced management adjustments within the US.”
Jean-Paul Conoscente, CEO for P&C at SCOR, commented on the adjustments, “I’d like to specific my warmest due to Michel for all that he has dropped at SCOR since 1991, each worldwide and within the Asia-Pacific area. It has been a terrific pleasure working with Michel all through these years and I want him a really well- deserved, pleased retirement.”
Earlier than his time at SCOR, McMurdo was Head of Reinsurance for Santam Restricted, South Africa’s largest short-term insurer. Previous to that, he labored as Basic Supervisor of one in every of South Africa’s main retail brokerages, after having spent 11 years with the Hannover Reinsurance Group in varied administration roles, each in South Africa and Germany.
Fassi started her profession as a statutory auditor at Mazars in Paris, earlier than becoming a member of SCOR in 2013 as P&C Chief Accounting Officer and subsequently holding a variety of roles inside the P&C Finance workforce. In 2019 she was promoted to SCOR P&C Deputy CFO, after which in 2020 to SCOR P&C CFO.