Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
MassMutual Capital Partners LLC
   2. Issuer Name and Ticker or Trading Symbol
SCOTTISH RE GROUP LTD [SCT] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O MASSMUTUAL FINANCIAL GROUP, 1295 STATE STREET		 3. Date of Earliest Transaction (Month/Day/Year)
06/05/2007
(Street)

SPRINGFIELD, MA 01111		 4. If Amendment, Date 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
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
7.25% Convertible Cumulative Participating Preferred Shares $ 0 06/05/2007   J(1)     500,000 06/05/2007   (2) Ordinary shares 75,000,000 $ 600 0 D (3)  
7.25% Convertible Cumulative Participating Preferred Shares $ 0 06/05/2007   J(1)   320,460   06/05/2007   (2) Ordinary shares 48,069,000 $ 600 320,460 I By Benton Street Partners I, L.P. (1)
7.25% Convertible Cumulative Participating Preferred Shares $ 0 06/05/2007   J(1)   44,873   06/05/2007   (2) Ordinary shares 6,730,950 $ 600 44,873 I By Benton Street Partners II, L.P. (1)
7.25% Convertible Cumulative Participating Preferred Shares $ 0 06/05/2007   J(1)   134,667   06/05/2007   (2) Ordinary shares 20,200,050 $ 600 134,667 I By Benton Street Partners III, L.P. (1)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MassMutual Capital Partners LLC
C/O MASSMUTUAL FINANCIAL GROUP
1295 STATE STREET
SPRINGFIELD, MA 01111		     X    
MASSACHUSETTS MUTUAL LIFE INSURANCE CO
C/O MASSMUTUAL FINANCIAL GROUP
1295 STATE STREET
SPRINGFIELD, MA 01111		     X    

Signatures

 /s/ Larry N. Port, President of MassMutual Capital Partners LLC   06/07/2007
**Signature of Reporting Person Date
 /s/ Rodney J. Dillman, Corporate Vice President and Associate General Counsel of Massachusetts Mutual Life Insurance Company   06/07/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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).
(1) Pursuant to the terms of Assignment and Assumption Agreements between MassMutual Capital Partners LLC and each of Benton Street Partners I, L.P., Benton Street Partners II, L.P. and Benton Street Partners III, L.P. (collectively, the "Funds"), the Preferred Shares were assigned to the Funds. The general partner of the Funds is Benton Street Advisors, Inc., which, like MassMutual Capital Partners LLC, is an indirect wholly-owned subsidiary of Massachusetts Mutual Life Insurance Company.
(2) There is no expiration date applicable to the shares.
(3) The securities reported as being directly and indirectly beneficially owned by MassMutual Capital Partners LLC are also indirectly beneficially owned by Massachusetts Mutual Life Insurance Company. MassMutual Capital Partners LLC is an indirect wholly-owned subsidiary of Massachusetts Mutual Life Insurance Company.

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