Jean-Paul Conoscente has been named as the new CEO of SCOR Global P&C, the property and casualty underwriting division of the global reinsurance firm.
The promotion comes as the existing CEO Victor Peignet has announced his retirement from the reinsurance business, after 35 years of service.
Jean-Paul Conoscente has worked for SCOR since 2008, when he joined the company as Chief Underwriting Officer and Head of Treaty for ther Americas.
He then took on the roles of CEO, Reinsurance at SCOR Global P&C as well as President and CEO of SCOR US Corporation, the firms U.S. reinsurance platform.
Conoscente takes on the role of CEO Scor Global P&C as of April 1st and will also sit on the Group’s Executive Committee.
Denis Kessler, Chairman & Chief Executive Officer of SCOR, commented on the news, “On behalf of the Board of Directors and the Executive Committee, and on my own personal behalf, I would like to thank Victor Peignet wholeheartedly for his immense contribution to the SCOR group over the past 35 years. I salute his visionary leadership, his great intelligence, his exceptional work ethic and his strong passion for reinsurance, which have positioned SCOR Global P&C in the top tier of the industry. Victor’s career path has been exemplary in every way. Victor has left a profound mark on the Group, he has shaped a culture that combines expertise and integrity, which the teams he has built will perpetuate.
“It has been a pleasure for me to work with him on the Group’s recovery and subsequent development, with total confidence and in perfect complicity. I fully respect his decision to leave the Group for his own personal reasons. I know it has not been an easy decision to make, but it is an important one for his family and for himself. All of the Group’s bodies, the Board of Directors, the Lead Independent Director, the Executive Committee and the Boards of all the subsidiaries unanimously express their warmest thanks to Victor.
“I am very pleased that Jean-Paul Conoscente is taking the reins of the SCOR Global P&C division. Jean-Paul joined the Group in 2008 in New York, where he headed SCOR Global P&C’s North American business, before taking charge of all reinsurance business across the division. A Franco-American, Jean Paul is a true P&C reinsurance professional. His intellect and his human qualities are widely recognized. With his Deputy CEO Laurent Rousseau, I know that Jean-Paul will continue Victor Peignet’s work successfully, while bringing his own vision to the SCOR Global P&C division and the wider Group.”
Prior to joining SCOR, Conoscente began his reinsurance focused career in risk modelling at EQECAT, after which he worked for Benfield leading their catastrophe risk modelling and then moved onto Paris Re managing property underwriting.