French reinsurer SCOR has named Jean-Paul Conoscente as the new CEO of SCOR Global P&C, effective 1 April this year.

Conoscente, who is currently serving as CEO of reinsurance at SCOR Global P&C, will also join the group’s executive committee.

Conoscente will succeed Victor Peignet, who has stepped down following 35 years of service with the company.

SCOR chairman and CEO Denis Kessler said: “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. ”

Conoscente joined the SCOR Group in 2008 in New York, where he headed SCOR Global P&C’s North American business prior to taking responsibility of all reinsurance business across the division.

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