Swiss Re Canada gets new CEO effective April 1

Swiss Re Canada has a new president and chief executive officer, Veronica Scotti, effective April 1, Swiss Re announced Monday.

Scotti, who will be based in Toronto, is currently a Swiss Re client executive based in Armonk, N.Y.

Swiss Re Canada’s previous president and CEO, Sharon Ludlow, left the reinsurer last year to become president of Aviva Insurance Company of Canada, effective June 17.

Scotti’s previous roles at Swiss Re include head, business development and key account manager, in Zurich. She joined Swiss Re, in London, England, with the acquisition in 1999 of investment bank Fox Pitt Kelton.

Before joining Swiss Re, Scotti had worked for Banque Paribas, Union Bank of Switzerland and Banco di Napoli.

As president and CEO of Swiss Re Canada, Scotti will report to Eric Smith, president and CEO of Swiss Re Americas. She will “continue to be a member of the company’s Americas Management Team,” Swiss Re stated.

“Swiss Re has a strong history in Canada writing our first business there back in 1911,” Smith stated Monday in a press release. “Veronica’s appointment underlines our continued commitment to the market.”