8-K

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

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                                    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 6, 2007

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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, Second 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 Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.

     Scottish Re Group Limited (the "Company") announced on July 6, 2007 that it
had named Duncan Hayward, 42, its Chief Accounting Officer, effective as of July
6, 2007. Mr. Hayward and Scottish Re Holdings Limited, the Company's UK
subsidiary, entered into an employment agreement on June 7, 2006 for Mr. Hayward
to serve as the Chief Financial Officer of the Company's international segment.
This employment agreement remains in effect. Mr. Hayward's employment agreement
may be terminated by either party by providing 6 months written notice and
Scottish Re Holdings Limited may terminate Mr. Hayward's employment without
notice under certain appropriate circumstances including gross miscounduct,
gross incompetence and/or gross negligence. Pursuant to Mr. Hayward's employment
agreement, as revised, he is paid a base salary of (pound)180,000 and is
eligible to participate in the Company's bonus scheme.

     Mr. Hayward also serves as the Chief Financial Officer of the Company's
international segment as he has since August of 2006. From 2003 until joining
the Company in 2006, Mr. Hayward worked for Swiss Re Life & Health Zurich where
he was responsible for running the Finance and Administration teams for the
Asian, Central European and Latin American life reinsurance businesses. From
1997 until 2003, he was with Royal&SunAlliance in a group finance role. Prior to
that time, Mr. Hayward was with PricesWaterhouseCoopers in the Insurance Audit
Group. Additional information regarding Mr. Hayward's appointment is set forth
in the press release which is filed as Exhibit 99.1 hereto.


Item 9.01. Financial Statements and Exhibits.


(c) Exhibits.

99.1    Press Release issued by Scottish Re Group Limited on July 6, 2007.




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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
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                                 Paul Goldean
                                 President and Chief Executive Officer



Dated:  July 9, 2007



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                                INDEX TO EXHIBITS

Number      Description
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99.1        Press Release issued by Scottish Re Group Limited on July 6, 2007.





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EX-99.

Scottish Re Announces Appointment of Interim Chief Accounting Officer

HAMILTON, Bermuda--(BUSINESS WIRE)--

Scottish Re Group Limited (NYSE:SCT), a global life reinsurance specialist,
today announced the appointment of Duncan Hayward as interim Chief Accounting
Officer, effective July 6, 2007. While in this role, Duncan will serve as
Scottish Re's principal financial officer and will provide oversight, sign and
certify Scottish Re's periodic and annual reports filed with the Securities and
Exchange Commission.

Paul Goldean, Chief Executive Officer, notes, "Duncan currently serves as Chief
Financial Officer for our international segment and we are pleased he has
accepted the additional role of interim Chief Accounting Officer during the
period where we are actively searching for a new Chief Financial Officer for
Scottish Re. Duncan has an extensive background in finance and administration in
the insurance sector and a breadth of knowledge that make him the suitable
choice for this position."

Duncan has served as the Chief Financial Officer of Scottish Re's international
segment since August of 2006. His career includes other senior leadership roles,
including leading the Finance and Administration teams for the Asian, Central
European and Latin American life reinsurance businesses of Swiss Re Life &
Health Zurich from 2003 through 2006. Prior to that, he was in a senior group
finance role for six years with Royal & Sun Alliance where he ran the US GAAP
financial reporting process. Duncan also has additional insurance experience
with over eleven years with the Insurance Audit Group of PricewaterhouseCoopers.

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, www.scottishre.com

Source: Scottish Re Group Limited

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Contact: Scottish Re Group Limited, Hamilton
Rayissa Palmer, 704-752-3422