Pension Insurance Corporation (PIC) has named Dominic Veney as chief actuary and appointed him to its senior management team.
Veney, who joined earlier this month from PwC, takes over from Jim Collins who had been in the role since 2010 and remains at the firm advising on various projects.
He will be responsible for leading the insurer's actuarial team, providing regular reporting and analysis of the company's financial performance, and deputising for chief financial officer Rob Sewell when needed.
Veney said he was excited to join the team in a "hands-on role".
"I am delighted to be joining PIC as chief actuary," he said. "PIC has an impressive growth track record and the company's prospects within a dynamic and competitive industry are bright. The actuarial function is integral to the success of the firm and I am excited to have such a hands-on role in shaping the future of the company. I look forward to working closely with Rob and the team."
Sewell added: "We are thrilled that Dominic has accepted the position of chief actuary at PIC, an important role within the company. As we continue to insure increasing amounts of defined benefit pension fund liabilities, we will benefit from Dominic's considerable experience, technical capability and passion for excellence. I'd like to thank Jim for his very valuable contribution to PIC over the last seven years and for his dedication and commitment to the company."
Veney moved from PwC where he had been a partner for 15 years, and has also been a non-executive member of the Financial Reporting Council's actuarial council since 2015.
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