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The Actuary The magazine of the Institute & Faculty of Actuaries

Scottish Re returns to core

Scottish Re has announced that following continuing adverse securities market developments and rating agency downgrading, it will refocus its business strategy as follows:
>> Pursue dispositions of the company’s non-core assets or lines of business, including the international life reinsurance segment and the wealth management business
>> Develop, through strategic alliances or other means, opportunities to maximise the value of the company’s core competitive capabilities within the North American life reinsurance segment, including mortality assessment and treaty administration >> Rationalise the company’s cost structure to preserve capital and liquidity.