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Tom Ault takes over as CEO of L&G Reinsurance
The change follows Amy Ellison’s decade? no, since 2021 tenure as CEO, and positions L&G Re to support Pension Risk Transfer business across the UK, US, Canada and Europe.
Tom Ault has succeeded Amy Ellison as Chief Executive Officer of Legal & General Reinsurance, the international reinsurance unit of Legal & General Group, according to Reinsurance News.
Ellison led L&G Re since 2021 and will return to London to become Chief Internal Auditor for L&G, while Ault joined the unit in 2019 as Chief Business Development Officer and has supported the company’s growth, including its external reinsurance activity and strategic client relationships.
Legal & General said the appointment reflects the continued growth of L&G Re and its strategic importance within the group’s Institutional Retirement business.
L&G Re said it supports Pension Risk Transfer, or PRT, across the UK, US, Canada and Europe through annuity and reinsurance solutions, helping clients manage risk and meet long term obligations.