Greg Wenzerul has been appointed Zurich's first head of longevity risk transfer, as it seeks to grow its business in the market.
Appointed to the firm in March, he is now responsible for managing the development of its pensions de-risking and longevity reinsurance proposition.
The role has been created due to increased demand for managing longevity risk, with an eye to increase the insurer's business in the market.
Wenzerul joins from Centrus where he had been director of structuring and distribution for pensions and insurance investors since February last year.
He said: "This is an exciting time to join Zurich, which has developed a unique position in the DB de-risking space. I'm looking forward to further promoting Zurich as the insurer of choice for longevity swaps, which remain the best course of action for many UK pension schemes on the de-risking journey."
Zurich Assurance chief executive Jim Sykes added: "Greg brings with him extensive market knowledge and experience, and will play a vital role in leading the growth and development of our de-risking business. There is increasing demand from trustees and employers for managing longevity risk and Greg's appointment demonstrates our focus on providing leading solutions in this market."
Prior to Centrus, Wenzerul held multiple roles at Prudential Assurance, most recently as its head of reinsurance from 2016 to last February. Before that, he was its head of structuring from 2015 to 2016, and its head of DB solutions from 2011 to 2015. Starting at the firm as a corporate deal principal in 2008, he moved from Watson Wyatt - now Willis Towers Watson - where he had been a consulting actuary since 2001.
The number of defined benefit (DB) scheme members with benefits protected by an insurer will double by the middle of the decade, according to Lane Clark & Peacock (LCP).
The government has confirmed the current interim chairwoman of The Pensions Ombudsman (TPO), Caroline Rookes, will continue the role in a permanent capacity.
Aviva Life & Pensions has concluded an £875m buy-in with its own staff pension scheme, following on from a similar transaction last year.
The Pensions Management Institute (PMI) has appointed three non-executive directors and an executive director to its board.