SCOR, the France-headquartered international reinsurance firm, has promoted longstanding retrocession and third-party capital partnerships government Benoît Liot to the brand new function of Head of Danger Partnerships, which can see him lead on actions with third-party buyers, 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 function as Head of Danger Partnerships additionally sees life retrocession actions at SCOR centralised beneath him.
SCOR has been transitioning from a pure threat service method to at least one the place threat partnerships are important to the corporate, tapping into third-party investor urge for food each for retrocessional wants, in addition to sharing reinsurance threat premiums generated by its underwriting with threat companions.
That is being achieved by means of the usage of insurance-linked securities (ILS) and constructing on high of long-standing retrocession partnerships with ILS funds and huge institutional buyers.
The danger partnerships present priceless capability, so SCOR can do extra for its shoppers, whereas additionally permitting it to align with third-party capital suppliers and buyers, to help in managing its personal capital, exposures and returns.
Consequently, it’s all about optimising threat and capital to ship the very best returns to its shoppers, stakeholders and threat capital companions.
Underneath SCOR’s present Ahead 2026 strategic plan, the purpose is to make threat partnerships much more essential, together with to double the charge revenue earned from these ILS fashion initiatives by the top of the plan that yr.
Benoît Liot has stepped into the function 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 staff 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 nicely.
