Over half of insurers focusing on digital transformation due to the pandemic & more…Keep up with what has been happening this week in our latest actuary news round-up…

Head of Intermediary Development at Legal & General to retire

Richard Kateley, the Head of Intermediary Development has said that he will retire from the insurer after the pandemic has given him a new perspective on life.

Allianz Global Investors hire new managers for Global Sustainability strategy

Allianz GI will be hiring new managers for its £1.3bn Global Sustainability strategy as Paul Schofield and Jeremy Kent, portfolio leads of the strategy plan to leave the business at the end of the first quarter to ‘pursue other opportunities’.

Businesses concerned about reputational risk

Willis Towers Watson has revealed in its 2020 Reputational Risk Survey published last year that 86% of their clients were concerned about the loss of income and reduced customer based due to reputational risk.

Legal & General announce buy-in deal with Evonik

Legal & General have announced that it has agreed to a £544 million annuity deal of four pension schemes sponsored by Evonik UK Holdings Ltd. This will allow Legal & General to secure the benefits of over 3,600 UK defined benefit pension scheme members.

FTSE 350 pension deficit increased by nearly 50% in 2020

Analysis by Mercer, a consultancy firm, has found that the accounting deficit of defined benefit pension schemes at FTSE 350 firms was nearly double last years at £70bn in 2020 compared to £40bn in 2019.

Over half of insurers focusing on digital transformation due to the pandemic

It has been predicted that the insurance industry will have to continue and change to adapt to a more digital approach after the Covid-19 pandemic has cost the global insurance industry an estimated $203bn.

Management Directors announced for Redington’s investment consulting team

Redington has announced that Nick Horsfall and Andrew Drake were appointed as managing directors for their investment consulting team.

Davies Group acquires Northshore International

Davies Group, a UK-based firm aims to expand to the US insurance market with their new acquisition of Northshore International Insurance Services, a provider of audit, management, and consulting services.

New medical officer has been appointed at Legal & General

Legal & General has appointed Dr Tarun Gupta as their new medical officer where he will provide medical opinion on complex group risk cases and clinical issues.

Over half of insurers focusing on digital transformation due to the pandemic & more...

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