David Carrick joins Scottish Re

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Scottish Re Group Limited has announced the appointment of David Carrick as Senior Vice President, Group Controller, effective January 1, 2008. David is based at the Company’s Hamilton, Bermuda, headquarters, reporting to Terry Eleftheriou, Scottish Re Group Limited Executive Vice President and Chief Financial Officer.

David Carrick’s career extends over eighteen years of senior finance and controllership roles with international corporations. Most recently, David was the Director of Finance for Tyco International, Ltd, where he was responsible for all of the finance functions of Tyco’s Dublin, Luxembourg, and Bermuda offices, including treasury and operations support. Prior to Tyco, David spent over six years with the Bank of Bermuda/HSBC where he held the position of Head of Global Financial Reporting with responsibility for maintaining all aspects of financial and regulatory reporting for the bank. David’s career also included strategic roles at Bacardi Capital Limited and KPMG.

David Carrick received a BA from Heriot Watt University, in Edinburgh, Scotland with a specialization in Accounting and Finance. Additionally, David is a member of the Institute of Chartered Accountants of Scotland.

In his role as Group Controller, David will be responsible for oversight of the corporate financial reporting and controllership activities based in Bermuda and other key locations. He will also oversee internal financial controls important to the integrity of internal and external communications, safeguarding of assets and mitigation of risk, including compliance activities related to annual and quarterly certifications in accordance with Sarbanes-Oxley. David will be an integral part of the corporate finance team and will liaise closely with the segment finance, tax, investments, treasury, investor relations and audit functions of Scottish Re.

“We are very pleased to have David join Scottish Re in this new role of Group Controller,” stated Terry Eleftheriou. “David’s experience in global control practices and financial reporting will be an asset to the organization as we continue to upgrade and streamline our financial processes and enhance our internal financial controls.”

About Scottish Re

Scottish Re Group Limited is a global life reinsurance specialist. Scottish Re has operating businesses in Bermuda, Grand Cayman, Guernsey, Ireland, Singapore, the United Kingdom and the United States. Its flagship operating subsidiaries include Scottish Annuity & Life Insurance Company (Cayman) Ltd., Scottish Re (U.S.), Inc., and Scottish Re Limited. Additional information about the Company can be obtained at www.scottishre.com.

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