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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
Legal & 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
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 insurance solutions.
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
HoVon has over six years'
experience in the pensions industry and joins L&G from
Towers Watson where she was a pensions consultant.
"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.