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May 17, 2007 at 01:22 PM
Clifford Wagner will step down from the post of chief executive of the North American unit of Scottish Re Group Ltd. later this year, and Dean Miller will step down from his post as chief financial officer of the parent company today.
Scottish Re, Hamilton, Bermuda, a struggling life reinsurer, recently completed the process of obtaining a $600 million investment from a team made up of a unit of Massachusetts Mutual Life Insurance Company, Springfield, Mass., and affiliates of Cerberus Capital Management L.P., New York, a private equity firm that recently announced plans to acquire control over Chrysler.
Paul Goldean, Scottish Re chief executive, put out statements thanking the executives for their contributions.
