Lucida Re - the Bermudan-based sister company of Lucida plc - has appointed Gary Crofts as managing director.
The buyout firm has been established to reinsure some of the business written by Lucida in the UK as well as writing business on a standalone basis. Crofts was formerly chief executive of MetLife Assurance....
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.