Scottish Re Announces Appointment of Chief Restructuring Officer

    HAMILTON, BERMUDA, June 22 /CNW/ - Scottish Re Group Limited (NYSE:  SCT),
a global life reinsurance specialist, today announced the appointment of Dan
Roth as Executive Vice President and Chief Restructuring Officer. In this
newly created role, Dan will lead the Scottish Re transition program focused
on operational effectiveness. He will be a member of the Scottish Re Executive
Committee, allowing him to help drive operational efficiencies between the
Company's business segments.

    Paul Goldean, Chief Executive Officer, noted, "Dan has an impressive
background focused primarily on process improvement and operational
effectiveness. We are pleased to welcome him as a member of our executive team
and look forward to his contributions to the Company."

    Prior to joining Scottish Re, Dan spent the last year with Cerberus
Capital Management L.P. on its operations team focused on financial and
operational due diligence in the insurance, media, and information technology
industries. His previous experience includes 10 years with the General
Electric Company, most recently as the Manager of Finance for GE Money's
personal loan business in Japan. Dan also led GE Money's global capital
allocation program in Stamford, CT, implementing risk based capital allocation
methodologies across its portfolio of consumer receivables. Prior to that, Dan
was a Senior Manager for GE's Corporate Audit Staff, leading teams responsible
for financial and operational reviews of GE's businesses in North America and

    Dan is a graduate of GE's Information Management Leadership Program and
received a BS in Management Information Systems from the University of
Dayton's school of business.

    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 Scottish Re Group Limited can be obtained from its Web site,

For further information:

For further information: Scottish Re Group Limited Rayissa Palmer,

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