P&C LEADERSHIP SPOTLIGHT SCOR Business Solutions CEO Claire McDonald on leading with vision SCOR Business Solutions is the direct insurance branch of SCOR’s P&C business, offering a range of comprehensive insurance products to address large commercial clients’ evolving insurance needs worldwide. In 2024, Claire McDonald was appointed CEO of SCOR Business Solutions, which she is leading with a vision to further grow in the direct corporate insurance market, to ensure SCOR Business Solutions maintains its leadership position in the energy segment through transition, and to expand specialty lines of business. Before joining SCOR, Claire navigated various roles across underwriting, operations, and sales. She began her career in 1987 as an underwriter at the Allianz Group in the UK, where she worked in Commercial Lines and Property before specializing in Onshore Energy. From there she had the chance to move to operations, where she was able to work on more varied projects with local and global teams, culminating in the role of Global Head of Operations for AGCS. Upon leaving Allianz, Claire was appointed Managing Director for the UK and Ireland at HDI Global SE before a move back to underwriting when she was appointed to the Executive Board as Chief Underwriting Officer responsible for Property, Engineering, Marine, and Risk Consulting. “Moving from underwriting to operations wasn’t an obvious choice for many, but each step in my career has felt like an organic step up – or sideways – from the last,” she said. “I’ve also rotated between local, regional, and global roles during my career, which has given me an appreciation of how people work in different countries and cultures.” As CEO of SCOR Business Solutions, Claire is responsible for overseeing all SCOR Business Solutions underwriters and for creating and delivering a clear strategy that prioritizes growth while contributing to an overall diversified, balanced, and profitable P&C business. “SCOR Business Solutions is not a standalone organization. It’s very much part of P&C,” she said, “and it’s quite interesting sitting within that reinsurance context.” And, here, she believes her insurance background is a huge advantage: P&C Reinsurance and SCOR Business Solutions, while complementary, serve very different roles and work with different types of clients. Where P&C Reinsurance brings risk sharing and capital solutions to insurance companies, SCOR Business Solutions works with corporate clients to offer direct, often tailor-made, insurance solutions for operational and project risks. “At SCOR Business Solutions, we are orientated around global product lines and really run as a global team. I think that is a differentiator in this 70 ACTIVITY REPORT 2024
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