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Canada Life names Dominic Moret managing director of Bulk Purchase Annuities
Moret, who has more than 20 years in pensions and insurance and 12 years in the UK BPA market, will lead Canada Life’s end-to-end BPA strategy and growth plans.
Canada Life, a UK insurer focused on life insurance and pension risk transfer, has appointed Dominic Moret as Managing Director for Bulk Purchase Annuities (BPA). In the role, he will lead Canada Life’s end-to-end BPA proposition, set its strategic direction, and oversee efforts to accelerate growth in its pension de-risking offering.
Moret brings more than 20 years of experience in pensions and insurance, including 12 years specifically within the UK BPA market. He joins Canada Life from Legal & General, where he spent 12 years and most recently served as Head of Origination and Execution for Pension Risk Transfer.
Canada Life said Moret will report to Emma Watkins, Chief Executive of Canada Life, and will sit on the insurer’s Executive Committee. The company noted BPA progress that included taking first schemes with deferred members to buyout and delivering a buyout member experience through its Your Life Hub, with WeCare at its core.
In remarks shared by the outlet, Watkins said the BPA business has strong momentum and that Moret’s experience positions the company to scale its strategy. Moret said he was drawn to Canada Life’s platform and its ambition to grow in the BPA market, including support from its global parent, Great-West LifeCo.