2023-06-26 05:45:00
The appointments committee of Scor, a global reinsurance giant, has set its sights on Fabrice Brégier. The latter endorses the costume of non-executive president in place of Denis Kessler, who died on June 10 at the age of 71. He will form a pair with Thierry Léger, the general manager, who arrived on May 1.
SCOR ends a catastrophic year 2022 with a net loss of 300 million euros
This choice was made at the end, according to a press release from Scor ” a demanding and rigorous succession process, initiated in the spring of 2022 “. Over the month, ” the committee, assisted by the international recruitment firm Egon Zehnder, met on numerous occasions to define the search criteria for the future president, select first-rate personalities who could correspond to the expected profile, and finally hear the most likely candidates to head the board ».
For the committee, Fabrice Brégier, director of Scor since 2019 “ meets all the qualities required to chair the Board of Directors, which unanimously approved this recommendation ».
“The Board of Directors is delighted with the choice of Fabrice Brégier, who has made a significant contribution to the work of the Board and its committees since 2019. His rich experience at the head of major international groups and his in-depth knowledge of corporate governance constitute solid assets for Scor, at a time when the group is entering a new dynamic. He and Thierry Léger will form a perfectly complementary duo, at the service of Scor’s development, in a particularly favorable period for reinsurance. »
A graduate of the École polytechnique, ex-boss of Airbus, the new strong man of Scor began his career in 1986 within the Ministry of Industrial Redeployment and Foreign Trade before joining the company Matra, Eurocopter, then the management general of Airbus. He is also president of Palantir France, a services and software publishing company, since October 2018.
The legacy ” extraordinaire » the Denis Kessler
« I have a heartfelt thought for Denis Kessler, who has worked so hard to make Scor a world leader in reinsurance “said the new president, quoted in the press release of the company. ” Thierry Léger can count on my full support in drawing up the roadmap that will give the group its new strategic impetus. Scor is already well positioned to seize all the market opportunities that present themselves and will present themselves to us. ».
He will find a company that is doing much better than in 2022 with a net profit of 311 million euros made in the first quarter of 2023, against a loss of 35 million last year at the same period. The sector’s difficulties in recent years, with an increase in natural disasters, have led to an increase in reinsurance prices. The data for the first quarter of 2022 has been recalculated according to the new standard called IFRS 17, hence the communication of a loss of 35 million euros a year ago, when the group had at the time communicated on a loss of 80 million euros.
(With AFP)
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