Philipp Rüede appointed CEO SCOR L&H and Member of SCOR’s Executive Committee

Group 1 - Philipp Rüede has been appointed as the new CEO of SCOR Life & Health and a member of the Executive Committee, replacing Frieder Knüpling who stepped down in July 2024 [2][4] - Rüede's immediate priorities include driving the new business strategy for Life & Health, protecting and delivering in-force value, and improving the cash profile of the L&H business, aligning with the updated strategy presented at the Investor Day in December 2024 [2][4] - SCOR generated premiums of EUR 20.1 billion in 2024 and operates in over 150 countries with 37 offices worldwide, providing a diverse range of reinsurance and insurance solutions [5] Group 2 - Philipp Rüede has over 20 years of experience in banking and reinsurance, having held various significant positions including Global Co-Head of Equity Derivatives Structuring at CS First Boston and Head of Reinsurance Capital Management at Swiss Re [3][4] - Rüede's educational background includes a degree from Ecole Polytechnique in Paris and a Master's degree in Engineering from ETH Zürich [3] - Thierry Léger, CEO of SCOR, expressed confidence in Rüede's ability to transform the L&H business, restore profitability, and enhance the cash profile [4]