François de Varenne is appointed GCFO and Deputy CEO of SCOR

Paris - SCOR,  a leading global reinsurer that offers a diversified and innovative range of reinsurance and insurance solutions has today announced the appointment of François de Varenne, as Group Chief Financial Officer and Deputy CEO (directeur général adjoint).

Previously, de Varenne held the position of Interim CEO January 26, 2023, to April 30, 2023, and Executive Committee member in charge of Investments, Technology, Transformation and Group Corporate Finance. The Group said that he will keep his previous responsibilities and also take on the financial management of the Group with immediate effect.

SCOR said Ian Kelly, previously Chief Financial Officer of SCOR, is leaving the Group to pursue new professional opportunities.

Thierry Léger, Chief Executive Officer of SCOR, comments: “I have decided to entrust François de Varenne with new and important responsibilities within the Executive Committee. François has successfully led the Group on an interim basis over the past three months. He knows the company inside out and has a perfect grasp of the financial mechanisms of all our activities.

"I have every confidence in him to help me write this new chapter in SCOR’s history. I would like to thank Ian Kelly for his contribution to the transformation of the Finance function, particularly during the transition to IFRS 17, and wish him every success in the next stage of his career.”

François de Varenne, a French citizen, is a graduate of the École Polytechnique and a civil engineer of the Ponts et Chaussées. He holds a PhD in finance and graduated as an actuary from the Institut de Science Financière et d’Assurances (ISFA). François de Varenne joined the Fédération Française des Sociétés d’Assurances (FFSA) in 1993 as Manager of Economic and Financial Affairs. In London, beginning in 1998, he served successively as Insurance Strategist with Lehman Brothers, Vice-President for asset management solutions, and structured transactions specialist in insurance and reinsurance companies at Merrill Lynch and then at Deutsche Bank.

In 2003, he became Managing Partner of Gimar Finance & Cie. He joined SCOR in 2005 as Director of Corporate Finance and Asset Management. On September 3, 2007, he was named Group Chief Operating Officer and joined the Executive Committee. On October 29, 2008, François de Varenne was appointed Chief Executive Officer of SCOR Global Investments. In September 2021, he began oversight of an enlarged area of leadership including Investments, Technology, Budget, Transformation and Group Corporate Finance.