CHARLOTTE, N.C.--(BUSINESS WIRE)--SCOR Global Life Americas (SGLA) is pleased to announce that Scott Boug, FSA, FCIA, MAAA, CFA, has joined the company as Senior Vice President, Financial Solutions, and Deputy Head of SCOR Global Life Financial Solutions. In these roles, Scott will lead the group responsible for structuring financial and capital relief reinsurance.
“Scott will be a major asset to our Financial Solutions group.”
“Scott brings a deep and broad set of skills and experience in structured risk and financing transactions that encompass both the insurer and reinsurer perspectives,” comments Paul Rutledge, President of SCOR Global Life Americas. “We are very pleased to have Scott join the SCOR management team. This addition affirms our view of and commitment to providing solutions for the emerging need of our clients for sophisticated solutions in today’s complex product and regulatory environments.”
Life insurers increasingly look to reinsurers for solutions that go beyond traditional mortality, morbidity and lapse risk management. “They need solutions that transfer product risk and also provide capital flexibility to grow effectively and meet balance sheet expectations,” said Glenn Cunningham, Executive Vice President, SCOR Global Life Americas. “Scott will be a major asset to our Financial Solutions group.”
Scott has 25 years of insurance and reinsurance experience. He comes to SCOR from Genworth Financial, where he headed the company’s reinsurance and runoff strategies for Life insurance-related businesses. He earlier served as Senior Vice President of Financial Solutions for Munich American Reassurance Company (MARC), developing capital market solutions for MARC’s client companies. He was also Chief Pricing Officer and Managing Director of Capital and Liquidity Management for Transamerica Reinsurance from 2006 to 2008.
Scott earned his bachelor’s degree in statistics from the University of Western Ontario. He is a Fellow of both the Society of Actuaries and the Canadian Institute of Actuaries, a Member of the American Academy of Actuaries and a Chartered Financial Analyst.
About SCOR Global Life Americas
SCOR Global Life Americas, headquartered in Charlotte, NC, is one of the largest Life reinsurers in the US market based on volume of new business written. The company provides reinsurance solutions to companies in the US, Canada and Latin America. SCOR Global Life Americas offers broad capabilities in risk and capital management as well as value added services that help Life insurers to develop competitive products and enter new markets with speed and efficiency. Its patented VELOGICA® underwriting process for simplified issue Life insurance offers new opportunities for middle-market business. Its main marketing office is located in Charlotte, North Carolina.
For more information about SCOR: www.scor.com