8-K

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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                ________________

                                    FORM 8-K



                                 CURRENT REPORT
                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported): July 17, 2005

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                            SCOTTISH RE GROUP LIMITED
             (Exact name of registrant as specified in its charter)

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       Cayman Islands                   001-16855                98-0362785
(State or Other Jurisdiction     (Commission File Number)     (I.R.S. Employer
      of Incorporation)                                      Identification No.)


               P.O. Box HM 2939
Crown House, Third Floor, 4 Par-la-Ville Road
                Hamilton HM12
                   Bermuda                                          N/A
   (Address of Principal Executive Offices)                      (Zip Code)

                                 (441) 295-4451
               Registrant's telephone number, including area code

                                       N/A
          (Former name or former address, if changed since last report)

     Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ]  Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))

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Item 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.

     Elizabeth A. Murphy, Executive Vice President and Chief Financial Officer
of Scottish Re Group Limited (the "Company"), has announced her retirement from
the Company. She will continue as the Company's Chief Financial Officer until
such time as her successor is appointed. The Board of Directors expects to
appoint her successor at its August 2005 meeting. Effective upon the successor's
appointment, Ms. Murphy will remain as an officer of the Company through the
first quarter of 2006 to assist in the transition of her duties and
responsibilities. Additionally, it is expected that she will remain as a
consultant to the Company for a minimum of an additional six months following
the end of the first quarter of 2006.

Item 7.01. Regulation FD Disclosure.

     On July 17, 2005, the Company issued a press release announcing Ms.
Murphy's retirement at the end of 2005. A copy of the press release is attached
hereto as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits.

99.1 Press Release issued by Scottish Re Group Limited on July 17, 2005.


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                                    SIGNATURE


          Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.


                               SCOTTISH RE GROUP LIMITED


                               By:  /s/ Paul Goldean
                                    ----------------------------------------
                                    Paul Goldean
                                    Executive Vice President and General Counsel



Dated:    July 20, 2005


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                                INDEX TO EXHIBITS

Number         Description
- ------         -----------

99.1           Press Release issued by Scottish Re Group Limited on
               July 17, 2005.


                                       4

EX-99.1

Scottish Re Group Limited Announces Retirement of Elizabeth Murphy


HAMILTON, Bermuda--(BUSINESS WIRE)--July 17, 2005--Scottish Re Group Limited
(NYSE:SCT) announced today that Chief Financial Officer, Elizabeth Murphy, plans
to retire at the end of 2005. The Company's Board of Directors expects to
confirm the appointment of her successor at its next regular meeting on August
3, 2005.


Ms. Murphy joined Scottish Re in April 2002 and led the development of the
Company's Finance Department through two major acquisitions and multiple
corporate finance transactions. During her tenure, the Company's total assets
grew from $2.6 billion to over $10 billion and its total revenue increased
threefold.


"Elizabeth has been a very important contributor to Scottish Re's development
into one of the world's leading life reinsurance companies," said Scott E.
Willkomm, President and Chief Executive Officer of Scottish Re. "The entire
Scottish Re organization has benefited from her leadership and professionalism."


"Elizabeth's retirement is an important reminder that there is more to life than
reinsurance," he added. "We wish her well in her future endeavours."


"I have thoroughly enjoyed my service as Chief Financial Officer of Scottish Re,
and involvement in our accomplishments during this period," Mrs. Murphy said.
"Nevertheless, I have decided that this is an appropriate point in my career to
retire to allow me more time to pursue personal objectives. I look forward to
working closely with my successor over the next several months to ensure the
seamless transition of responsibilities."


Prior to joining Scottish Re, Ms. Murphy was Treasurer of ACE Limited. Before
assuming the Treasurer's position at ACE, she was Chief Financial Officer of ACE
Tempest Re for seven years and was previously associated with
PricewaterhouseCoopers in Bermuda and London.


Scottish Re Group Limited is a global life reinsurance specialist. Scottish Re
Group Limited has operating companies in Bermuda, Charlotte, North Carolina,
Dublin, Ireland, Grand Cayman, and Windsor, England. Its flagship operating
subsidiaries include Scottish Annuity & Life Insurance Company (Cayman) Ltd. and
Scottish Re (U.S.), Inc., which are rated A- (excellent) by A.M. Best, A
(strong) by Fitch Ratings, A3 (good) by Moody's and A- (strong) by Standard &
Poor's, Scottish Re Limited, which is rated A- (excellent) by A.M. Best, A
(strong) by Fitch Ratings and A- (strong) by Standard & Poor's and Scottish Re
Life Corporation, which is rated A- (excellent) by A.M. Best. Additional
information about Scottish Re Group Limited can be obtained from its Web site,
http://www.scottishre.com/.


     CONTACT:  Scottish Re Group Limited
               Scott E. Willkomm, 441-298-4364
               scott.willkomm@scottishre.com

     SOURCE:   Scottish Re Group Limited