Scottish Widows chief executive Toby Strauss exits

Lloyds Banking Group, the provider's parent company, has appointed Antonio Lorenzo as interim group director of its insurance division and chief executive of Scottish Widows. Lorenzo will remain as the group executive committee member accountable for the consumer finance division and group corporate development as well as leading insurance on an interim basis, the group said in a statement. It added the group strategy remains to further integrate the insurance business within the wider banking group, for the benefit of customers, building on the synergies between insurance and the ret...