LV= has promoted John Perks, managing director of its retirement solutions business, and Myles Rix, managing director of its protection business, to its group executive team.
As managing director of LV= retirement solutions, Perks has responsibility for all aspects of the insurer’s retirement business. A Fellow of the Institute of Actuaries and with 25 years’ industry experience, he originally joined the mutual society in 2007 as customer solutions director, covering all proposition development for the group’s life and pensions business. Prior to LV= he spent two years at Prudential UK as director of protection having previously held senior roles at AXA and Swiss Life.
Rix, managing director of protection, joined LV= in 2008 initially as actuarial and strategy director before becoming the finance and commercial director for its life and pensions business. He was appointed managing director of protection in August 2014.
Rix is a Fellow of the Institute of Actuaries began his career at Skandia Life and prior to joining LV= he worked at Aviva UK for 11 years in roles including financial and commercial director for health.
The changes to LV=’s executive team follow Richard Rowney’s appointment as chief executive, earlier this month.
Rowney said: “I am delighted to promote John and Myles to LV=’s executive team. Both have extensive retirement and protection experience and having worked closely with them I am fully aware of their capability and the value they bring to our business. I am confident we have the right senior team in place to continue delivering good value and demonstrating our great values to our customers.”
The changes are effective from 26 July 2016 and reflect the strategic importance of both businesses to the company’s future