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Munich Re raising profile with marketing appointment

Munich Re is recruiting a head of marketing for its UK life business in a bid to boost its profile in the market.

John Ritchie previously headed the marketing operation as well as running the group business but Munich Re has decided to split his role into two after he was seconded to work on a different project within the company.

Former Bupa group risk head of sales Lee Lovett started as head of group business this week.

Director of client management Andrew Francis says: “We are keen to make marketing much more central to the things we do because currently it is quite marginal. We are progressing through the interview stage and it is all going well. We are thrilled Lee is already on board to cover the group side.”

Meanwhile, MetLife is rumoured to be recruiting someone to head its annuity business although it will not confirm this. Norwich Union has yet to recruit a director of marketing for its protection business.


Flexibility for front-end cash

The FSA has made it clear that it still wants to stop product providers determining adviser remuneration but it is willing to offer greater flexibility on future payment arrangements, including front-loaded remuneration.


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