SCOR Global Life Americas Hires New Head of Brazil Operations [Manufacturing Close – Up]

SCOR Global Life Americas announced that Francisco de Toledo Neto has joined the company as President, SCOR Life Brazil.

Toledo brings 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.

"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.

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."

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, Toledo has held management positions in Icatu Seguros, Sul America and Marsh.

Headquartered in Charlotte, North Carolina, USA, SCOR Global Life Americas provides life reinsurance solutions and facultative underwriting services to companies in the U.S., Canada and Latin America.

More information:

www.scor.com

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