SCOR Appoints Philipp Rüede as New CEO of Life & Health Division: A Strategic Leadership Move

SCOR Appoints Philipp Rüede as New CEO of Life & Health Division: A Strategic Leadership Move

SCOR, a prominent player in the global reinsurance market, has made a significant leadership change by appointing Philipp Rüede as the new chief executive officer of its Life & Health (L&H) division. This transition is effective from June 1, 2025, and marks an important milestone for the company as it aims to enhance its strategic direction and operational efficiency.

Philipp Rüede Takes Charge of SCOR’s Life & Health Division

Philipp Rüede will succeed Frieder Knüpling, who stepped down in July 2024. In his new role, Rüede will be pivotal in implementing SCOR’s updated strategy, which was outlined during the company’s Investor Day in December 2024. His main responsibilities will include:

  • Driving new business growth
  • Preserving the value of in-force business
  • Enhancing the cash profile of the Life & Health division

SCOR’s Global Presence and Commitment to Innovation

As a global reinsurer, SCOR offers a diverse range of reinsurance solutions, including property and casualty, as well as life and health reinsurance. The company is recognized for its robust focus on risk management, innovation, and capital efficiency, serving clients across various insurance sectors worldwide.

Philipp Rüede’s Impressive Background

Rüede, a dual Swiss and German national, brings over two decades of expertise in banking and reinsurance to his new role at SCOR. He holds degrees from École Polytechnique in Paris and the Swiss Federal Institute of Technology (ETH Zürich). His career trajectory includes:

  1. Starting at Bank Vontobel in Zurich in 1999
  2. Leadership positions in equity derivatives at CS First Boston
  3. Becoming a partner at Arbillon Capital AG in 2010
  4. Transitioning to Swiss Re in 2013, where he held various key roles
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Transforming the L&H Business

Under Rüede’s leadership, SCOR aims to transform its Life & Health division by restoring profitability and enhancing cash flows. Thierry Léger, CEO of SCOR, expressed confidence in Rüede’s capabilities, stating, “Philipp will bring very valuable and complementary skills to SCOR. With his extensive experience and wide-ranging expertise, he possesses all the qualities required to continue the transformation of our L&H business.”

For more information on SCOR’s strategic initiatives and leadership updates, visit their investor relations page.

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