SCOR, a global reinsurance group headquartered in Paris and a leading player in the reinsurance market, has announced the appointment of Philipp Rüede as the new chief executive officer of its Life & Health (L&H) business, effective 1 June 2025.
Rüede will succeed Frieder Knüpling, who stepped down from the role in July 2024. In his new position as CEO of SCOR Life & Health, Rüede will be responsible for executing the group’s updated strategy announced during the company’s Investor Day in December 2024.
His primary objectives include driving new business growth, preserving the value of in-force business, and improving the cash profile of the division.
SCOR operates as a global reinsurer, providing property and casualty reinsurance as well as life and health reinsurance. The company is known for its strong focus on risk management, innovation, and capital efficiency, serving clients worldwide across a wide range of insurance sectors.
A dual Swiss and German national, Rüede brings over two decades of expertise in banking and reinsurance to SCOR. He holds degrees from École Polytechnique in Paris and the Swiss Federal Institute of Technology (ETH Zürich).
His professional journey began in 1999 at Bank Vontobel in Zurich, followed by leadership roles in equity derivatives at CS First Boston. In 2010, he became a partner at Arbillon Capital AG, a Swiss electronic trading firm.
Rüede transitioned to the reinsurance sector in 2013, joining Swiss Re as Head of Reinsurance Capital Management. He went on to serve as Global Head of P&C Structured Solutions and, from 2019, led the Alternative Capital Partners team, focusing on capital efficiency and risk management across P&C and L&H sectors.
Additional background notes highlight that SCOR’s updated strategy, which Rüede will now lead for the Life & Health business, aims to transform the division by restoring profitability and reinforcing cash flows.
SCOR CEO Thierry Léger said, “Philipp will bring very valuable and complementary skills to SCOR. With his extensive experience and wide-ranging expertise, Philipp has all the qualities required to continue the transformation of our L&H business, restore its profitability, and improve its cash profile. The whole Executive Committee joins me in welcoming Philipp and wishing him every success in his new responsibilities.”
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