SCOR Names Conoscente CEO of SCOR Global P&C, Succeeding Peignet

SCOR announced the appointment of Jean-Paul Conoscente, currently chief executive officer of reinsurance at SCOR Global P&C, as CEO of SCOR Global P&C.

This appointment follows Victor Peignet’s decision to retire for personal reasons, after 35 years with the SCOR group.

Conoscente will also join the group’s executive committee. This appointment is effective April 1, 2019.

Conoscente, 54, an American and French citizen, joined SCOR in 2008 in New York as chief underwriting officer for the Americas for SCOR Global P&C and helped transform SCOR’s team and portfolio in the Americas. He took over the role of CEO of SCOR’s P&C U.S. Operations in 2016. Following SCOR Global P&C’s restructuring in September 2018, he became its CEO of Reinsurance globally.

He started his career in earthquake engineering in California and then in CAT Modeling as the European head of the modeling firm EQECAT. He subsequently held several senior positions with Aon Benfield as a reinsurance broker in London and Paris and then with AXA Re in Paris as the global head of property.

He received a Master of Science in Structural Engineering from the University of California Berkeley and an engineering diploma in civil engineering from the Ecole des Travaux Publics in Paris.

“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,” commented Denis Kessler, chairman and CEO of SCOR.

“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,” added Kessler.

Kessler said that Peignet “has left a profound mark on the group,” by shaping “a culture that combines expertise and integrity,” which will be perpetuated by the teams he has built.

“It has been a pleasure for me to work with him on the group’s recovery and subsequent developmentā€¦,” he went on to say. “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.”

Peignet, 62, a French citizen, began his career in the offshore oil and gas contracting industry. He joined SCOR’s facultative department in 1984. Within the group, he initially held underwriting and management positions in energy and marine insurance. He has been at the head of the group’s Corporate Business Division (Business Solutions) since its formation in 2000, first as executive vice oresident and as managing director from April 2004. He has been the CEO of SCOR Global P&C and a member of the group’s executive committee since 2005.

Source: SCOR