View more on these topics

Johnson quits L&G for PruProtect

Legal & General senior operations manager for claims and underwriting Stuart Johnson is leaving the firm to join PruProtect.

Johnson will be director of claims and underwriting at the joint venture between Prudential and South African insurer Discovery from the start of July. He will be in charge of the firm’s underwriting strategy and will regularly visit the service centre in Johannesburg.

Johnson, who has been at L&G for nearly four years, was chief underwriter at Bright Grey when it launched in 2003. He says: “This was too good an opportunity to turn down. The industry has been saying that critical-illness insurance needs an overhaul and what better way for an underwriter to make a difference than to get into an innovative company that is prepared to be brave.”

PruProtect chief executive officer Sammy Rubin says: “We are really looking forward to Stuart’s fresh, forward thinking attitude to underwriting and the consumer experience. He was highly recommended as someone who understands the needs of brokers and we think that he will be a huge asset to the company.”

RGA head of business management Jason Hurley says: “Stuart is a good recruit. This is a fantastic opportunity.”

Recommended

Direct deal dilemmas

So the FSA moved last week to say that mortgage advisers can charge for advice when recommending that clients take out a mortgage direct from a lender.

1

Swiss Re exec to head up Finma

Swiss Re executive Patrick Raaflaub was yesterday named head of Switzerland’s new regulator of banking, insurance and money laundering, the Financial Markets Supervisory Authority.

Creating opportunity out of change

By Denise Wond, marketing manager The buy-to-let market has recently been the subject of a raft of tax changes, all of which make it a less profitable and less appealing proposition for investors. In response, we’ve seen a dip in demand for BTL mortgages and that’s bad news for many advisers who will now be looking […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment