Protection industry veteran Peter Le Beau has announced he will be retiring at the end of the year.
Le Beau is one of best-known consultants in the life and health insurance sector through his implementation of Le Beau Visage, Income Protection Task Force (IPTF), The-Net-Work and Protection Review.
He said: "I've had an incredibly satisfying career and will have been involved in the industry for almost 50 years when I retire."
Le Beau began his career at British and European. In 1981 he moved to Swiss Re where he was initially head of underwriting and later became head of UK marketing.
He left in 2001 to set up an independent consultancy, Le Beau Visage, which focused on differentiation in the protection sector.
Also that year he set up the strategic discussion group for the life insurance industry called The-Net-Work.
In 2005 Le Beau formed Protection Review with Andy Couchman.
That same year he began the IPTF with Clive Waller to promote a greater awareness of the values of income protection.
In 2014, the IPTF set up Seven Families with Disability Rights UK. The campaign provided financial and rehabilitation support for a year to the breadwinners of seven families who were currently unable to work because of ill health or accident.
Le Beau, who has held several non-executive director roles over the years for companies including FINEOS, Red Arc, Health Claims Bureau and The Exeter, was awarded an MBE for services to insurance in June 2009.
In 2007, Professional Adviser's sister title COVER voted him the most influential person in the UK protection industry over the previous 10 years.
Transition and succession plans
His transition and succession plans for his various roles are as follows:
Protection Review will continue with Kevin Carr, Andy Couchman, Roger Edwards, Jo Miller and Frances Delhoy managing the business as usual. Peter will continue to contribute ideas and attend events at his leisure.
The IPTF will continue to be managed for the rest of the year by Le Beau and the existing IPTF Executive Committee, which consists of Dave Heeney, Richard Walsh, Julie Hopkins, Roy McLoughlin, Kevin Carr and John Gillman.
Plans for the future of the taskforce will be announced in due course.
Le Beau Visage and Non-Executive Director roles
NED roles will cease before the end of 2017 although a precise retirement date for Le Beau's retirement as FINEOS chairman has not been determined.
He will continue on the board of LegaCare, a charity that provides legal support to people with life-threatening or terminal illnesses.
Peter will continue to run The Network unchanged with Frances Delhoy.
A force for good
Le Beau said: "I've decided that now is the time to step away from the industry. I think there is a need for fresh voices and new leaders with energy and new ideas.
"Over the next few months I will be transitioning out of a range of activities, but I will still be involved with some consultancy work and will continue to run The-Net-Work.
"I've had an incredibly satisfying career and will have been involved in the industry for almost 50 years when I retire."
Tom Baigrie, CEO of LifeSearch said that "Peter has been a force for good in the world of protection for decades."
"He is the most caring and collegiate of men, a genuine professional with his heart in the right place and a huge streak of altruism running right through him. Though he truly deserves his retirement he will be sorely missed.
"I first met him in 2004 at a conference he organised to improve what the industry did for consumers. That has been his lifelong professional purpose and he has worked tirelessly over the years to encourage insurers to do things better.
"His polite persistence has served the protection consumer and our market, in a way no-one else has equalled.
"The establishment of the IPTF and then the Seven Families initiative has been key to the recent growth of income protection sales. He is also the only man I know who has won an MBE for service to the life insurance industry."
COVER will be running an exclusive, in-depth interview with Le Beau discussing his career, thoughts on how the protection industry has changed over time and his retirement plans; next week.
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