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 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 underwriters.
“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 management group.
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 Towers Watson.
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.