POWER OF ATTORNEY

      KNOW ALL MEN BY THESE PRESENTS, that the undersigned, on behalf of
Scottish Re Group Limited, a Cayman Islands company (the "Company"), hereby
constitutes and appoints Glenn Schafer and Paul Goldean, and each of them, the
true and lawful attorney or attorneys-in-fact, with the full power of
substitution and resubstitution, for the Company, to sign on behalf of the
Company and on behalf of the undersigned in his or her capacity as an officer
and/or a director of the Company, the Company's Annual Report on Form 10-K for
the year ended December 31, 2006, and to sign any or all amendments thereto, to
or with the Securities and Exchange Commission pursuant to the Securities
Exchange Act of 1934, as amended, and the regulations promulgated thereunder,
granting unto said attorney or attorneys-in-fact, and each of them with or
without the others, full power and authority to do and perform each and every
act and thing requisite and necessary to be done in and about the premises in
order to effectuate the same as fully to all intents and purposes as the
undersigned might or could in person, hereby ratifying and confirming all that
said attorney or attorneys-in-fact, or any of them or their substitutes, may
lawfully do or cause to be done by virtue hereof.

      IN WITNESS WHEREOF, I have executed this Power of Attorney as of

March 1, 2007.

                                                  Signature
                                                  ---------


<TABLE>
<S>                                                                                          <C>
/s/ Glenn Schafer                                                         /s/ Lord Norman Lamont
---------------------------------------------                           -----------------------------------------------
               Glenn Schafer                                                          Lord Norman Lamont

/s/ Michael Austin                                                        /s/ Hazel O'Leary
---------------------------------------------                           -----------------------------------------------
               Michael Austin                                                           Hazel O'Leary

/s/ G. William Caulfeild-Browne                                           /s/ Jeffrey Hughes
---------------------------------------------                           -----------------------------------------------
        G. William Caulfeild-Browne                                                     Jeffrey Hughes

/s/ Robert M. Chmely                                                      /s/ Paul Goldean
---------------------------------------------                           -----------------------------------------------
              Robert M. Chmely                                                           Paul Goldean

/s/ Jean Claude Damerval                                                  /s/ Michael French
---------------------------------------------                           -----------------------------------------------
            Jean Claude Damerval                                                        Michael French
</TABLE>