L&G appoints annuities md

Gadd, currently managing director of the company’s group risk division, is also an expert in mortality risk, and he will take overall control of the annuity business in addition to continuing with his existing responsibilities. The company says the appointment will "bring further refinement to our competitive offering", as it considers itself to be a market leader within the bulk purchase annuity (BPA) market, writing £877m in new business last year, as well as writing £722m of individual annuities. Following Gadd’s appointment, Dennis Canham will remain as director of the BPA sector, w...