Simon Wright

Chief Legal Counsel - P&C Business Unit at SCOR

London, England, United Kingdom

About

Experience

  • SCOR (13 yrs 4 mos)
    • Chief Legal Counsel - P&C Business Unit
      May 2017 - Present · 9 yrs 3 mos

      • Lead the global P&C Legal Team (with counsel based in the Americas, APAC & EMEA) responsible for the delivery of legal advice & support to SCOR SE’s Global Property & Casualty (“P&C”) Business Unit • Provide proactive day-to-day legal, regulatory & compliance advice to enable the P&C Business Unit to conduct its core business activities • Draft, review & negotiate technical ((re)insurance) contracts & wordings & non-technical contracts required to conduct business • Provide legal support to the P&C Business Unit's Insurtech partnerships & investment activities, including negotiating investment/acquisition agreements, convertible notes, master agreements, investment exits & advising on arising legal issues • Provide legal support for the Business Unit’s third-party capital initiatives & Cat Bonds • Proactively advise on disputes & resolution efforts & manage litigation & arbitrations involving the P&C Business Unit • Develop policies, practices & procedures to support & regularize the P&C Business Unit’s activities, including re compliance & regulatory issues • Active member of the P&C Business Unit’s Leadership Team responsible for developing & delivering on P&C's & the Group's strategy & business plans • Member of the SCOR Group's Legal Senior Management Team

    • Chief Claims Counsel - P&C Business Unit
      Apr 2013 - May 2017 · 4 yrs 2 mos

      • Provision of legal advice to the claims & underwriting teams operating from six international hubs • Development of internal claims handling & reserving philosophies & reserving practices to standardise SCOR’s approach • Management of the procurement of & service delivery by external legal counsel & other professional service providers

  • Chief Adjusting Officer at Xchanging
    2010 - 2013 · 3 yrs

    • Managed a team of professionals delivering outsourced claims handling services • Led XCS’ project team responding to Lloyd’s Claims Transformation Program (“CTP”) • Developed a recommended new target operating model to respond to the final phase of CTP & developed a plan to transition to the new operating model • Led XCS’ successful response to Lloyd’s shared Volume Claims Service RFP & RFPs for other outsourced claims service opportunities • Provided technical advice & support to XCS’ claims professionals

  • Chairman at London Market Claims Services
    2006 - 2010 · 4 yrs

    • Chaired LMCS – responsible for managing the outsourced provision of core policy, claims & other data for the London (run-off insurance) Market • Led the competitive procurement process to replace the original service provider to LMCS

  • Equitas ()
    • Head of Claims
      2003 - 2010 · 7 yrs

      • Managed a team of claims professionals • Executed Equitas’ strategy of identifying & resolving its most volatile claims exposures & negotiated over $2.5B of claim settlements & commutations of varying value & complexity including: Dresser/Halliburton ($575M) & Honeywell ($472M) • Developed litigation & arbitration strategies & managed complex, high value litigation & arbitrations in numerous jurisdictions, including: the UK, continental Europe, USA & Australia • Delivered the successful merger of the Asbestos Pollution & Health Hazard claims & "All Other” direct claims departments • Managed the procurement of & service delivery by external legal counsel & professionals & delivered a substantial reduction in external professional spend • Led the development of Equitas’ strategy & response to US asbestos driven bankruptcies • Participated in the development of valuation methodologies for long-tail claims & settlements

    • Principal Claims Counsel
      Oct 1999 - Jan 2003 · 3 yrs 4 mos

  • Partner at Hancock Rothert & Bunshoft
    1997 - 1999 · 2 yrs