Legal & General’s Retirement business has made a number of key appointments to the Bulk Annuity & Longevity Insurance business in response to continued growth in pension scheme de-risking activity in 2014.
Alyssa Manning and Kai Hoffmann have joined Legal & General's Bulk Annuity & Longevity Insurance team as Business Development Directors.
Alyssa Manning joins with seven years experience in Investment Banking while at Credit Suisse, where she was a Vice President in the Longevity Markets Group and Portfolio Management Group. During her time at Credit Suisse, Alyssa worked closely with clients to provide tailored solutions through longevity derivatives.
Kai Hoffmann has nearly ten years experience in the benefits consulting and pension scheme de-risking space and joins most recently from Swiss Re’s Longevity Solutions Team, where he worked with pension schemes and their advisers to implement longevity insurance solutions. Prior to Swiss Re, Kai worked as a pensions consultant at Aon Hewitt and an international benefits consultant at Mercer.
In addition, Dominic Moret and Vanessa HoVon have joined as Senior Commercial Underwriters to also support Legal & General’s Bulk Annuity & Longevity Insurance team.
Dominic 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. He has extensive knowledge of the defined benefit pensions market, built up from advising both pension scheme trustees and sponsors on a wide range of issues, including liability tracking and risk management.
Vanessa HoVon has over six years experience in the pensions industry and joins Legal & General from Towers Watson where she was a pensions consultant. During her time at Towers Watson, Vanessa advised both trustees and sponsors of UK pension schemes on funding, de-risking solutions and wider pension scheme management.
Tom Ground, Head of Legal & General's Bulk Annuity & Longevity Insurance business said: “Alyssa, Kai, Dominic, and Vanessa join the team at an exciting time. In the first quarter of 2014, Legal & General completed over £3bn 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.
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 liabiites, using the wider range of innovative options now available to them. Kai’s considerable experience in the longevity and pensions consulting space and Alyssa’s expertise in delivering bespoke solutions to clients makes them an excellent and timely addition to the team.
Dominic’s and Vanessa’s actuarial experience provides further expertise to the team in supporting the innovation and expansion of Legal & General’s range of tailored de-risking solutions for pension schemes.
These four senior appointments demonstrate Legal & General's commitment to grow its Bulk Annuity & Longevity Insurance business and mean that we will be better placed to meet the increased demand to provide expertise and support to companies, trustees and their advisers, in arranging the most appropriate pension scheme insurance de-risking solution for their needs.”
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