In December 2021, the company sold its reinsurance business to Arthur J. Gallagher & Co. for $ billion. [ 15 ] It also acquired Aerosure, an aviation insurance specialist focused on the Australia, New Zealand, and the Pacific Island region. [ 16 ]
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Meanwhile Black added that they are happy to have built on Willis Towers Watson’s previous pricing work with Royal London to help the latter stay at the forefront of pricing sophistication in the market.
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The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales, company number 99064. Registered office: 80 Fenchurch Street, London, EC3M 4BY.
Phil is a qualified actuary with over 20 years’ experience in the life insurance market, including 13 years in roles directly related to bulk annuities. He was previously Director of DB Commercial at Just where he was responsible for Pricing, Proposition Development and Reinsurance Structuring for the bulk annuity business unit and managed a team of around 35. He was also part of the team that set up the bulk annuity provider Lucida and held roles in pricing, longevity and reporting before supporting the sale and transition to Legal & General.
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