LV 

LV moves Bolton to retirement solutions business

LV moves Bolton to retirement solutions business

Mutual insurer LV= has appointed Clive Bolton to head its retirement solutions and heritage business, while Debbie Kennedy has been brought in to lead its protection arm.

Mr Bolton, who has been managing director of life and pensions at the company since January, previously spent 11 years at Aviva Life UK, five of which were as managing director of retirement solutions.

He is also a consultant with the International Longevity Centre and a non-executive member of the Civil Service Pension Scheme Advisory Board.

LV= said Mr Bolton's move reflected the company’s focus on the retirement sector and that he had the necessary expertise and experience to help LV= in the later life market.

Ms Kennedy moves to the group from MLC Life Insurance, based in Melbourne, where she is general manager of business design and change and had previously worked as chief underwriting officer.

Her other insurance experience includes time as group head of Protection Strategy at Royal London and in senior protection roles at Scottish Equitable, Swiss Re, AXA and Capita.

Ms Kennedy will join Mr Bolton on the executive team and both will report directly to Richard Rowney, LV= chief executive.

The moves, set to take place in July, are subject to regulatory approval.

Mr Rowney said: "Debbie brings a real breadth of expertise in protection to our business along with strong leadership skills having worked in a number of diverse environments.

"We have big ambitions for both our protection and retirement businesses and with Debbie and Clive at the helm I’m confident we’ve got the right leadership to enable LV=’s continued success."

Kevin Carr, chief executive of Protection Review, said it was great to see Ms Kennedy back in the UK protection industry.

He added: "A previous winner of the Protection Review 'Personality of the Year' award in 2017, Debbie made huge improvements at Royal London. It will be interesting to see what comes next from LV."

imogen.tew@ft.com