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Exhibit31.2

CERTIFICATION

I, Dean E. Miller, Chief FinancialOfficer of Scottish Re Group Limited, certify that:

1.    Ihave reviewed this quarterly report on Form 10-Q of Scottish Re GroupLimited (the‘‘registrant’’);

2.    Based onmy knowledge, this report does not contain any untrue statement of amaterial fact or omit to state a material fact necessary to make thestatements made, in light of the circumstances under which suchstatements were made, not misleading with respect to the period coveredby this report;

3.    Based on my knowledge, the financialstatements, and other financial information included in this report,fairly present in all material respects the financial condition,results of operations and cash flows of the registrant as of, and for,the periods presented in this report;

4.    Theregistrant’s other certifying officers and I are responsible forestablishing and maintaining disclosure controls and procedures (asdefined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internalcontrol over financial reporting (as defined in Exchange Act Rules13a-15(f) and 15d-15(f)) for the registrant andhave:

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|  | a.  | designed such disclosure controls andprocedures, or caused such disclosure controls and procedures to bedesigned under our supervision, to ensure that material informationrelating to the registrant, including its consolidated subsidiaries, ismade known to us by others within those entities, particularly duringthe period in which this quarterly report is beingprepared; |

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|  | b.  | designed such internal control overfinancial reporting, or caused such control over financial reporting tobe designed under our supervision, to provide reasonable assuranceregarding the reliability of financial reporting and the preparation offinancial statements for external purposes in accordance with generallyaccepted accounting principles; |

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|  | c.  | evaluated theeffectiveness of the registrant’s disclosure controls andprocedures and presented in this report our conclusions about theeffectiveness of the disclosure controls and procedures, as of the endof the period covered by this report based on such evaluation;and |

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|  | d.  | disclosed in this report any change in theregistrant’s internal control over financial reporting thatoccurred during the registrant’s most recent fiscal quarter thathas materially affected, or is reasonably likely to materially affect,the registrant’s internal control over financial reporting. |

5.    The registrant’s other certifying officers and Ihave disclosed, based on our most recent evaluation of internal controlover financial reporting, to the registrant’s auditors and theaudit committee of the registrant’s board of directors (orpersons performing the equivalentfunctions):

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|  | a.  | all significant deficiencies andmaterial weaknesses in the design or operation of internal control overfinancial reporting which are reasonably likely to adversely affect theregistrant’s ability to record, process, summarize and reportfinancial information; and |

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|  | b.  | any fraud, whetheror not material, that involves management or other employees who have asignificant role in the registrant’s internal control overfinancial reporting. |

Date: August  14,2006

/s/ Dean E. MillerDean E.MillerChief Financial Officer

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