Scottish Re Appoints Jean-Claude Damerval as New Director.HAMILTON, Bermuda -- Scottish Re Group Limited (NYSE NYSE See: New York Stock Exchange : SCT Sacrococcygeal teratoma (SCT) A tumor occurring at the base of the fetus's tailbone. Mentioned in: Prenatal Surgery ), a global life reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. specialist, today announced that its Board of Directors has named Jean-Claude Damerval as a Director of the Company. "We are delighted that Mr. Damerval has agreed to serve as a Director of Scottish Re and we look forward to benefiting from his more than 30 years of experience in the finance and insurance industries," said Scott Willkomm, President of Scottish Re Group Limited. Throughout his career, Mr. Damerval has been actively involved in supporting corporate finance operations within the insurance industry, including mergers and acquisitions, demutualizations, joint ventures, strategic alliances and capital restructurings. Mr. Damerval's experience in the industry has included leadership roles in many international organizations, including seven years with AXA AXA Anguilla, Anguilla (Airport Code) AXA Alpha Chi Alpha AXA Animal Crossing Ahead (online forum community/guide to the game Animal Crossing) AXA Auxiliary Artery , where he served as CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of International Operations. While at AXA, he led the negotiations and demutalization of the Equitable, subsequently becoming a Director of the Equitable following its IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. . His role at AXA also included leading the National Mutual negotiations in Australia on behalf of AXA from September 1994 to October 1995. Through the course of his career, Mr. Damerval has served on the Board of Directors of a number of insurance organizations including National Mutual (Melbourne), INA/ ASSITALIA ASSITALIA Assicurazioni d'Italia (Italian Insurances) (Rome), AOBA Life (Tokyo), CX Re (London), and Aurora National Life, where he also served as an executive committee member. Additionally, Mr. Damerval has held active roles in projects associated with PriceWaterhouse Coopers and Deloitte Touche Tohmatsu Deloitte & Touche (also referred to as Deloitte Touche Tohmatsu, and branded as Deloitte.) is the second largest professional services firm in the world, and one of the Big Four auditors, along with PricewaterhouseCoopers, Ernst & Young and KPMG. . Mr. Damerval's experience in expatriate service in the US and Brazil further adds to his comprehensive skills. Mr. Damerval received his MBA in corporate finance and accounting from the Institut D'Etudes Politiques, Paris in 1969 and the first part of his PhD in international finance from the Paris Economics University in 1969 as well. He also graduated from the Association of International Bond Dealers in 1981. Mr. Damerval has served as a lecturer and associate professor at several major Paris business schools and universities in their MBA and PhD programs. About Scottish Re Scottish Re Group Limited is a global life reinsurance specialist. Scottish Re has operating companies in Bermuda, Charlotte, North Carolina “Charlotte” redirects here. For other uses, see Charlotte (disambiguation). Charlotte is the largest city in the state of North Carolina and the 20th largest city in the United States. , Dublin, Ireland, Grand Cayman, and Windsor, England. Its flagship operating subsidiaries include Scottish Annuity & Life Insurance Company (Cayman) Ltd. and Scottish Re (U.S.), Inc., which are rated A- (excellent) by A.M. Best, A (strong) by Fitch Ratings, A3 (good) by Moody's and A- (strong) by Standard & Poor's, Scottish Re Limited, which is rated A- (excellent) by A.M. Best, A (strong) by Fitch Ratings and A- (strong) by Standard & Poor's and Scottish Re Life Corporation, which is rated A- (excellent) by A.M. Best. Additional information about Scottish Re Group Limited can be obtained from its Web site, www.scottishre.com. |
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