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L&G makes four senior hires
21 May 2014
Bulk annuity and longevity insurance team undergoes major expansion following de-risking uptick
General’s (L&G’s) retirement
sector has made four appointments to its bulk annuity and
longevity insurance business in response to continued growth in
pension scheme de-risking activity in 2014.
Alyssa Manning and Kai
Hoffmann have joined L&G's bulk annuity and longevity
Insurance team as business development directors.
Dominic Moret and Vanessa
HoVon have also joined the team as senior commercial
"Based on our experience, we believe
that the pension scheme de-risking space will see more growth
as corporates and trustees take the opportunity to de-risk
scheme liabilities, using the wider range of innovative options
now available to them," said Tom Ground, head of L&G's bulk
annuity and longevity insurance business.
Manning has seven years of experience in investment
banking. She joins from Credit Suisse where she was a vice
president in the longevity markets group and portfolio
Hoffmann has nearly ten
years’ experience in the benefits consulting and
pension scheme de-risking space and joins from Swiss
Re’s longevity solutions team, where he worked
with pension schemes and their advisors to implement longevity
Moret is a fellow of the
Institute and Faculty of Actuaries and has more than ten
years’ experience in pensions consultancy, having
previously worked at Towers Watson.
HoVon has over six
years’ experience in the pensions industry and
joins L&G from Towers Watson where she was a pensions
"In the first quarter of 2014, L&G
completed over £3bn ($5bn) of pensions de-risking
transactions, which included the buy-in with the ICI Pension
Fund, which was the largest bulk annuity arrangement completed
to date in the UK," said Ground.