SCOR, the France-headquartered world reinsurance firm, has promoted longstanding retrocession and third-party capital partnerships govt Benoît Liot to the brand new position of Head of Danger Partnerships, which is able to see him lead on actions with third-party traders, whereas retrocession will likely be centralised beneath his management.
Liot’s most up-to-date place at SCOR was as Chief Retrocession Officer, a task he was promoted into again in 2020.
In that place, he has been main on all insurance-linked securities (ILS), disaster bond and sidecar issuances for SCOR World P&C.
Now, his new position as Head of Danger Partnerships additionally sees life retrocession actions at SCOR centralised beneath him.
SCOR has been transitioning from a pure danger provider method to 1 the place danger partnerships are important to the corporate, tapping into third-party investor urge for food each for retrocessional wants, in addition to sharing reinsurance danger premiums generated by its underwriting with danger companions.
That is being achieved by means of the usage of insurance-linked securities (ILS) and constructing on prime of long-standing retrocession partnerships with ILS funds and enormous institutional traders.
The chance partnerships present helpful capability, so SCOR can do extra for its purchasers, whereas additionally permitting it to align with third-party capital suppliers and traders, to help in managing its personal capital, exposures and returns.
In consequence, it’s all about optimising danger and capital to ship the absolute best returns to its purchasers, stakeholders and danger capital companions.
Beneath SCOR’s present Ahead 2026 strategic plan, the objective is to make danger partnerships much more vital, together with to double the charge earnings earned from these ILS type initiatives by the top of the plan that yr.
Benoît Liot has stepped into the position of Head of Danger Partnerships this month, we perceive.
Earlier than becoming a member of SCOR in 2016 as a retrocession account supervisor, Liot spent over two years at AXA Funding Managers as an analyst within the ILS portfolio administration group there.
Previous to that, Liot labored at PartnerRe in disaster underwriting, modelling and capital roles for nearly 5 years, and spent over two years at Paris Re as a cat modeller as properly.
