Scottish Re Group Limited Appoints Glenn S. Schafer as Chairman of the Board

Strategic Insights -

Glenn S. Schafer, a seasoned executive with over 20 years of experience in the insurance industry, has been appointed as the new Chairman of the Board of Directors of Scottish Re Group Limited, following the retirement of Michael C. French. Schafer, who has been re-elected to the Board of Directors, brings a wealth of experience and expertise to the role, having served as Chief Financial Officer, President, and Vice Chairman at Pacific Life Insurance Company. His appointment is expected to build on the company's record of success and reinforce its position as one of the top life-reinsurance companies globally.

Key Takeaways:

  • Glenn S. Schafer has been appointed as the new Chairman of the Board of Directors of Scottish Re Group Limited, replacing Michael C. French who retired on March 3, 2006.
  • Schafer has over 20 years of experience in the insurance industry, including serving as Chief Financial Officer, President, and Vice Chairman at Pacific Life Insurance Company.
  • Schafer has re-joined the Board of Directors of Scottish Re Group Limited, having previously served from the end of 2001 through February 2005.
  • Michael C. French served as Chairman since March 2000 and will continue to serve on the Company's Board.
  • Scottish Re Group Limited is a global life reinsurance specialist with operating companies in Bermuda, Charlotte, North Carolina, Dublin, Ireland, Grand Cayman, and Windsor, England.
  • The company's 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.

Statistics:

  • 20+ years of experience in the insurance industry, including serving as Chief Financial Officer, President, and Vice Chairman at Pacific Life Insurance Company and Chairman of the Board at Scottish Re Group Limited since 2006
  • 6 operating companies worldwide, including Bermuda, Charlotte, North Carolina, Dublin, Ireland, Grand Cayman, and Windsor, England
  • 4 flagship operating subsidiaries with A- (excellent) ratings from A.M. Best, including Scottish Annuity & Life Insurance company (Cayman) Ltd. and Scottish Re (U.S.), Inc.

Sources:

  • "Hamilton, Bermuda -- Scottish Re Group Limited (NYSE: SCT), a global life reinsurance specialist, announced today that Glenn S. Schafer has been appointed Chairman of the Board of Directors, replacing Michael C. French who retired at the conclusion of the Company's Annual General Meeting on March 3, 2006."
  • Scottish Re Group Limited's official website, www.scottishre.com.