New Products
Legal & General Crosses The Pond With Latest Offering
The London-listed firm has boosted its cross-jurisdictional insurance capabilities.
UK-based insurer Legal &
General has appointed Bernie Hickman as chief executive of
its newly-formed UK and US insurance division, Legal & General
Insurance.
The firm's investment management subsidiary,
Legal & General Investment Management, entered the US
with $18 billion in funds in 2005 and that figure has since grown
to $133 billion, Legal & General said in a statement.
The new insurance division will provide life insurance, critical
illness cover, and income protection to over seven million
individuals and company employees throughout both the UK and
US.
Hickman previously spent half a decade as managing director of
Legal & General's UK protection business and also launched its
digital counterpart, OLP Connect.
In 2014, he became chief executive of Legal & General Home
Finance and managing director of the group's individual
retirement department, where he launched another digital platform
for lifetime mortgages.
Additionally, he held the positions of group financial controller
and investor relations director.
“Bernie is a proven successful leader,” said Nigel Wilson, the
group's chief executive.
