Scottish Re Announces Samir Shah as Chief Risk Officer

    HAMILTON, BERMUDA, November 20 /CNW/ - Scottish Re Group Limited
(NYSE:  SCT), a global life reinsurance specialist, today announced the
appointment of Samir Shah as Executive Vice President and Chief Risk Officer,
effective December 26, 2007. Samir will be based at the company's Hamilton,
Bermuda headquarters.

    Samir Shah, 44, has over twenty years of experience in risk and capital
management and has done extensive work developing and implementing Enterprise
Risk Management (ERM) concepts, methods and tools. Most recently, Samir was a
Principal with Towers Perrin where he was a leader in the firm's global
Enterprise Risk Management practice which helped insurance companies, banks
and non-financial institutions manage enterprise-wide risks. Prior to his
ten-year tenure at Tower Perrin, Samir held various management consulting
roles focused in areas such as non-traditional actuarial risk management,
operational efficiency and financial performance improvement.

    Samir is a Fellow of the Society of Actuaries (FSA), a Financial Risk
Manager (FRM) certified by the Global Association of Risk Professionals and a
Professional Risk Manager (PRM) certified by the Professional Risk Managers
International Association. He holds a B.S. and an M.S. in Industrial
Engineering, specializing in Operations Research and Management Science, from
Northwestern University.

    In the newly created role of Chief Risk Officer, Samir is charged with
developing and implementing a risk management strategy and operating framework
designed to significantly improve risk management disciplines across the

    George Zippel, President and Chief Executive Officer of Scottish Re Group
Limited, commented, "Creating the Chief Risk Officer leadership position and
continuing to enhance a robust ERM process are key elements of our plan to
improve the operating and financial performance of Scottish Re. I'm very
pleased that we were able to attract a strong and experienced risk management
professional to our company. I look forward to working closely with Samir as
he builds out his team and drives improved risk management performance across
Scottish Re."

    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


For further information:

For further information: Scottish Re Rayissa Palmer, Vice President
Marketing & Communications 704-752-3422

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