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Veronica Scotti is president and CEO of Swiss Re in Canada. Based in Toronto, she is responsible for the company’s property & casualty and life & health reinsurance operations in Canada and all English Caribbean reinsurance operations. Her previous experience also includes responsibility for some of


Swiss Re’s largest US-headquartered clients during which time she managed a team of key account managers. She joined Swiss Re in 1999 in London when the company acquired


Name: Veronica Scotti Company: Swiss Re Canada Job:


President & CEO


Timeline: 2015—President and CEO of Swiss Re Canada, Swiss Re May 2013—Client executive (MD), Division Globals, Armonk, Swiss Re 2010– Key account manager (director), Division Globals, Zurich, Switzerland, Swiss Re


2007– Head business development Zurich (Director), Division Client Markets, Swiss Re 2006—Deputy head, portfolio management Group, SRIS, Divisions Client Markets/Products, Swiss Re 2003– Senior economist (VP), Economic Research & Consulting, Division Risk & Knowledge, Swiss Re 2002– Investment professional (VP), Participations Portfolio Team, Division Capital Partners, Swiss Re 1999– Senior Associate, European Financial Services Team, London, Fox- Pitt Kelton (subsidiary of Swiss Re) 1998– Associate, Paribas Affaires Industrielles, Milan, Italy, Banque Paribas 1998—Associate, European Corporate Finance Group, London, Banque Paribas 1997—Associate, Investment Banking, Financial Institutions Group, Zurich, Union Bank of Switzerland 1995– Financial markets team, research department, Naples, Italy, Banco Di Napoli 1994– Marketing director assistant, Bn Commercio E Finanza, Naples, Italy (subsidiary of Banco Di Napoli)


Why did you choose to work in this industry initially? My career actually didn’t start in reinsurance. I spent more than six years in investment banking, exploring various disciplines— corporate finance, private equity and mostly servicing the financial services sector. To be honest, moving into reinsurance happened a bit by accident due to personal circumstances. I took on a role in the private equity & strategic investment unit


where some of my past experience helped me make the transition. I felt it was worth giving it a try knowing that I could make a switch


back into banking at any point but I’ve never looked back and it’s been an amazing 13 years of continued development in one of the most intellectually stimulating and dynamic companies in the world.


What has been the highlight of your career so far? My current role is undoubtedly the highest pinnacle of professional recognition I have experienced. I only recently took on the Swiss Re Canada CEO role and it has been a very exciting first few months. I have the tools and the mandate to drive and shape strategy and the opportunity to build for the future.


What has been the biggest challenge you have


encountered? In my first few years in Zurich I had to face a culture that did not approve of working mothers with career ambitions. Swiss Re was supportive but there was still a societal stigma around it.


If you had chosen a different profession/career path, what would it have been? As a child I was very interested in medicine and over the years my interest narrowed toward paediatric neurology. When I was 17 my mother, who used to be a medical professional, took me out to dinner to talk me out of it. One of the many arguments used was whether I could cope emotionally day after day with seeing children suffer and eventually die as I tried to save them? I have enormous respect for those who choose that career path for the fantastic work they do, but in the end I didn’t think I was suited to it.


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Fox Pitt Kelton, a financial sector boutique investment bank. After gaining experience through strategy, risk management and product roles, she moved into client markets in 2007 and has held since a number of positions including head business development Zurich and EMEA, key account manager in Zurich and most recently as a client executive in Armonk, New York. Prior to joining Swiss Re, Scotti worked in banking in the UK, Switzerland and Italy with Banque Paribas, Union Bank of Switzerland and Banco di Napoli.


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