SCOR Global Life Americas has appointed Francisco de Toledo Neto as the new president of its Brazilian operations, SCOR Life Brazil, to tap the growing business opportunity of life-health reinsurance market in the country.

Toledo joins SCOR from the Chubb Group, where he was acting as vice president of its life, health & accident division in Brazil.

Brazil provides huge opportunity for primary insurers and reinsurers to work in partnership and develop product and services, which allows direct writing companies to reach new markets, according to Toledo.

Having over 20 years of direct life insurance expertise in the country, Toledo has also held management positions in Icatu Seguros, Sul América and Marsh.

SCOR offers traditional reinsurance and value added services including product development, mass marketing and capital management solutions to the life-health insurance industry.

Headquartered in Charlotte, North Carolina, the life reinsurer provides services to nearly 500 firms in the US, Canada and Latin America.