Scor has shuffled its Americas property and casualty (P&C) treaty reinsurance management as the French firm looks to strengthen its brand and operations in the US, Reactions can reveal.
From the beginning of July, John-Paul Conoscente, currently P&C treaty reinsurance chief underwriting officer for the Americas and chief executive of Scor’s P&C business in the US, will pass on the first of these titles to Scor P&C’s US CUO John Jenkins.
“Our US-based P&C entities are successfully expanding the business, and we have ambitions to further strengthen our brand and our positions in the US market,” Victor Peignet, CEO of Scor Global P&C, said in an email to staff seen by Reactions.
“As a result, Jean-Paul will devote his time and energy to his role of CEO while remaining instrumental in steering our future business developments from a strategic point of view,” Peignet added.
Conoscente took on the role of CEO for SCOR P&C in the US at the beginning of the year, replacing Henry Klecan who was appointed non-executive director for Scor US companies, Scor Canada, Scor Global Life Americas and Scor Global Life USA (www.reactionsnet.com Dec 22, 2015).
On top of Jenkins’ move to P&C treaty reinsurance CUO for the Americas, Frank Coglianese will step up and take on the responsibility of P&C treaty reinsurance CUO for the US. Coglianese was previously in charge of Scor’s US property lines within P&C treaty reinsurance.
“This change in Jean-Paul’s role is both a recognition and a promotion for him personally within the Scor Group and a well-deserved opportunity for John Jenkins and Frank Coglianese to step up according to our succession plan,” explained Peignet, adding: “Both John and Frank have worked closely with Jean-Paul and their track record shows them to be our best choice of business leaders to ensure the continuity and consistency that you expect from Scor.”
The roles of Scor’s two other Americas CUOs – Toronto-based Joseph El-Sayegh who oversees Canada and James Grieve who is responsible for Latin America and the Caribbean from Miami, are unchanged.