Alan Oddie, managing director of Guardian Assurance, is to leave the group in the coming months in t...
Alan Oddie, managing director of Guardian Assurance, is to leave the group in the coming months in the wake of its takeover by Aegon UK.
Sun Life & Provincial Holdings, the UK subsidiary of the AXA group, sold Guardian Royal Exchange's (GRE) UK life, pensions and unit trust businesses to Aegon UK for £759m earlier this year. Oddie, who is also UK executive director of life and pensions at GRE, is to stay on while Guardian Employee Benefits and Guardian Financial Services are transferred over to Aegon UK. Guardian Employee Benefits focuses on corporate pensions while Guardian Financial Services gives Aegon exposure to the individual protection market. The Guardian brand is expected to remain for these businesses although the details of what form the brand name will continue in are yet to be finalised
Sun Life & Provincial Holdings retained private medical insurance group PPP healthcare, which was owned by GRE, and includes long-term care specialist business PPP lifetime care
Paul Bruns and Elaine Parkes
3,000 left to transfer
Record numbers of people aged 90 plus
From 3 to 10 October