Principles and Practices

Code of Ethics & Business Conduct

Audit Committee Charter

Corporate Governance Committee Charter

Compensation Committee Charter

The Finance and Investment Committee ("Committee") is established to assist the Board of Directors ("Board") of Scottish Re Group Limited (the “Company”) in fulfilling its oversight responsibilities relating to the Company's finance and investment relationships.  The Committee  shall have oversight responsibility for the design, approval, and evaluation of the finance and investment strategies, policies, and programs of the Company.  The Committee shall provide oversight and guidance relating to the Company's banking and/or financing relationships. 

The Committee shall evaluate and approve such strategies, policies and/or programs that are developed and proposed by Company management. 

The Committee shall have the authority to delegate responsibility for the day-to-day management of finance and investment decisions to the officers of the Company.

Organization
The Board shall select three or more of its members to serve as members of the Committee.  Each member shall serve at the pleasure of the Board and for such term or terms as the Board shall determine.

Meetings
The Committee will meet, when reasonably practicable, at least four times a year.  The agenda of each meeting will be prepared by the secretary of the Committee and, whenever reasonably practicable, circulated to each member prior to the meeting date.

Specific Responsibilities:

• Make decisions or develop recommendations for the Board with respect to finance and investment plans or policies in light of dynamic economic and market conditions.
  
  
• Review with management the Company’s need for capital and how it is allocated.
  
  
• Review dividend policies with management.
  
  
• Consult with management when considering important transactions, such as acquiring other businesses, obtaining loans or issuing securities.
  
  
• Review and approve:

1. investment strategy, policies and guidelines;
   
   
2. investment portfolio performance;
   
   
3. performance of investment manager(s);
   
   
4. finance strategy, policies and guidelines; and
   
   
5. finance performance.

Procedural Matters
One-third of the members, but not less than two, will constitute a quorum.  A majority of the members present at any meeting at which a quorum is present may act on behalf of the Committee.  The Committee will meet at such times as shall be determined by its Chairperson, or upon the request of any two of its members.  The Chairperson will preside, when present, at all meetings of the Committee.  The Committee will keep a record of its meetings and report on them to the Board.  The Committee may meet by telephone or video conference and may take action by written consent.