SCOR Global Life Taps Francisco de Toledo Neto to Lead Brazil Operations [Health & Beauty Close – Up]

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

In a release, the Company said that 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. 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 said that its 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 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."

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.

SCOR Global Life Americas provides life reinsurance solutions and facultative underwriting services to approximately 500 companies in the U.S., Canada and Latin America.

More Information:

http://www.scor.com

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