SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Benton Street Parnters III, L.P. (Last) (First) (Middle) C/O MASSMUTUAL FINANCIAL GROUP 1295 STATE STREET (Street) SPRINGFIELD MA 01111 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 06/05/2007	3. Issuer Name and Ticker or Trading Symbol SCOTTISH RE GROUP LTD [ SCT ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
7.25% Convertible Cumulative Participating Preferred Shares	06/05/2007	(1)	Ordinary Shares	20,200,050	$0	D(2)

1. Name and Address of Reporting Person* Benton Street Parnters III, L.P. (Last) (First) (Middle) C/O MASSMUTUAL FINANCIAL GROUP 1295 STATE STREET (Street) SPRINGFIELD MA 01111 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* MASSACHUSETTS MUTUAL LIFE INSURANCE CO (Last) (First) (Middle) C/O MASSMUTUAL FINANCIAL GROUP 1295 STATE STREET (Street) SPRINGFIELD MA 01111 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. There is no expiration date applicable to the shares.

2. The securities reported as being directly beneficially owned by Benton Street Partners III, L.P. are indirectly beneficially owned by Massachusetts Mutual Life Insurance Company. The sole general partner of Benton Street Partners III, L.P. is Benton Street Advisors, Inc., which is an indirect wholly-owned subsidiary of Massachusetts Mutual Life Insurance Company.

Remarks:

* The Reporting Person is not in its individual capacity a 10% Owner of the Issuer, but may be deemed to be part of a group that is a 10% Owner.

	/s/ Larry N. Port, Authorized Signatory for Benton Street Advisors, Inc., the General Partner of Benton Street Partners III, L.P.	06/11/2007
	/s/ Rodney J. Dillman, Corporate Vice President and Associate General Counsel of Massachusetts Mutual Life Insurance Company	06/11/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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