Aegon has appointed former Lloyds Banking Group Solvency II director Jim Ewing as its chief actuary.
Ewing will be responsible for delivering Aegon’s capital management requirements and managing its Solvency II programme.
At Lloyds, Ewing was Solvency II director for the insurance division and was responsible for leading the Solvency II programme across the entire insurance business, including life, general and international divisions. He previously held several roles across Scottish Widows, including head of actuarial operations.
Ewing will join in August and will report to chief financial officer Clare Bousfield. The appointment is subject to FSA approval.
He will also join the firm’s most senior committee – the insurance executive committee.
Aegon strategy director Rob Waller has also been appointed a member of the IEC.
The committee includes chief executive Adrian Grace, Bousfield and chief operating officer Simon Skinner.
Bousfield says: “The actuarial team performs a crucial role in ensuring that Aegon delivers against the organisation’s capital management and Solvency II requirements. Jim’s breadth of experience will be highly valuable in helping achieve this.”
Facts and Figures managing director Simon Webster says: “It is a position of high importance and Aegon has selected a candidate of great experience and qualification.”