
French reinsurer, SCOR, has announced that its board of directors have unanimously decided to appoint Fabrice Brégier as its non-executive chairman, with immediate effect.
Former non-executive chairman at SCOR and notable figure in the insurance and reinsurance industry, Denis Kessler, passed away at the age of 71 earlier this month.
The decision was made on the unanimous recommendation of SCOR’s nomination committee, chaired by Adrien Couret, which ultimately chose Brégier who has been a SCOR director since 2019. The board of directors reached its decision after hearing Couret’s report and Brégier's mission 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.”
The SCOR directors comment said: “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.”