6th June 2017 - Author: Luke Gallin

French insurer and reinsurer SCOR has announced the appointment ofseasoned longevity risk transfer executive,Wolfgang Murmann, as itsnewHead of Longevity for Europe, the Middle East and Africa (EMEA).

The appointment ofMurmann, who has a solid track record in longevity risk transfer markets and joins from asset management firm, Insight Investment, will enable SCOR to expand its coverage forthe continental European longevity risk transfer and reinsurance marketplace.

While at Insight Investment he focused on solutions for pensions and institutions, and time spent at bothCommerzbank AG andDresdner Kleinwort also grew his experience and knowledge in the sector.

Longevity risk is seen as one of the growth areas in the reinsurance market, with pension schemes increasingly looking to hedge their growing longevity exposure, essentially protecting themselves against the exposure ofcohorts living longer than initially anticipated.

SCOR has participated in a number of large longevity risk transactions over the years, acting as botha lead reinsurance provider and alsomore traditionally structured longevity reinsurance arrangements inmore recent times. The expansion of its longevity team should enable the re/insurer to increase its presence in the European longevity risk transfer market.

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SCOR expands EMEA longevity risk capabilities with new appointment - Reinsurance News (registration)