The French reinsurer said Victor Peignet had decided to retire for personal reasons after 35 years with the group
Jean-Paul Conoscente has succeeded Victor Peignet as chief executive of Scor Global P&C, the property and casualty (P&C) arm of the Parisian reinsurer.
A statement from Scor said Peignet had decided to retire for personal reasons after 35 years with the group.
Conoscente (pictured) was previously reinsurance CEO for Scor Global P&C.
He joined Scor in 2008 in New York, where he headed its North American P&C business, before taking charge of all reinsurance business across the division.
Denis Kessler, Scor’s chairman and CEO, commented on Peignet’s retirement: “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,” said Kessler.
Kessler continued: “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,” he added.
Kessler cited Conoscente’s Franco-American roots, as well as his intellect and human qualities.
“I am very pleased that Jean-Paul Conoscente is taking the reins of the Scor Global P&C division,” he said.
“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,” Kessler added.