Agius will move from being head of the L&G UK’s strategic pension risk transfer team.
Legal & General has appointed Cheryl Agius as chief executive of its general insurance business subject to regulatory approval.
Agius will move from being head of the L&G UK’s strategic pension risk transfer team.
Joining in 2011, she has over 20 years’ experience in the pensions and insurance industry and is a Fellow of the Institute of Actuaries.
Nigel Wilson, Legal & General Group chief executive, said: “We’re the global leaders in pension de-risking, and Cheryl has played a major role the division’s success.
“She’ll be a great CEO for the general insurance business, and I look forward to working with her as we help the business realise its full potential.”
L&G currently distributes GI through 15 banks and building societies, while in 2015 the business wrote over £1.7bn in gross written premiums.
Agius said: “The general insurance business has an excellent franchise in the market for great products and customer service.
“Our strong presence in the housing market, combined with our value proposition and trusted brand, means we’re ideally placed to grow the business as the market continues its moves to digital.”
