SCOR Global Life Americas Announces New Head of Brazil Operations
2013-01-22 19:17:00 -
SCOR Global Life Americas is pleased to announce that Francisco de Toledo Neto has joined the company as President, SCOR Life Brazil.
Mr. Toledo brings extensive experience and market knowledge to SCOR. He comes to the company from the Chubb Group, where he served as Vice President of Chubb’s Life, Health & Accident division in Brazil, Chubb’s largest life operation in
the world. Over the past few years, he has supervised double-digit growth within the division.
“We are delighted that Francisco will be leading our Brazilian life reinsurance operations,” said Michael Colannino, Executive Vice President of International for SCOR Global Life Americas. “SCOR is committed to the life-health reinsurance market in Brazil. We are actively working to pursue a local license which will give us more flexibility and enable us to work more effectively with our clients.
Francisco’s understanding of and reputation in the direct market is a tremendous asset to us,” Colannino said.
SCOR’s provides traditional reinsurance as well as value added solutions such as product development, mass marketing and capital management solutions to the life-health insurance industry.
“I am excited to be joining SCOR Global Life at this important time in the development of the Brazilian life and health insurance industry,” said Mr. Toledo. “The Brazil market offers immense opportunity for primary insurers and reinsurers to work in partnership. This is especially true for product development solutions that enable direct writing companies to reach new markets with innovative products.”
Maurice Piault, Managing Director of SCOR’s Life operations in Latin America, said, “We look forward to utilizing Francisco’s great wealth of industry knowledge and experience as we expand our presence in Brazil.
Our team there and our SCOR clients have much to gain from the leadership that Francisco brings to our business.”
Mr. Toledo brings almost 20 years of direct life insurance experience in Brazil to SCOR Global Life Brazil. In addition to his role at the Chubb Group, Mr. Toledo has held management positions in Icatu Seguros, Sul América and Marsh. He earned a bachelor’s degree in Business Management form Escola Superior de Administração de Negócios, São Paulo, and an IAG Master of Insurance from Pontifica Universidade Católica, Rio de Janeiro.
About SCOR Global Life Americas
Headquartered in Charlotte, North Carolina, USA, SCOR Global Life Americas provides life reinsurance solutions and facultative underwriting services to approximately 500 companies in the U.S., Canada and Latin America. The reinsurer offers broad capabilities in risk and capital management as well as value added services that help life insurers develop competitive products and enter new markets with speed and efficiency. SCOR’s patented process commercialized as VELOGICA®
offers new opportunities for effectively and efficiently underwriting middle market business.
SCOR Global Life Americas is the second largest life reinsurer in the U.S. market based on recurring new business. The company was formed in 2011 when SCOR SE acquired Transamerica Reinsurance from AEGON N.V.
SCOR Global Life Americas is part of the SCOR Group, a global reinsurer headquartered in Paris and with major Hubs in Paris, Zurich, Cologne, London, Singapore and New York. Visit www.scor.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ..
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SCOR Global Life AmericasPat Bresina, 704-344-2731