Member Article

Two new Executive Directors at Reliance Mutual

Reliance Mutual Insurance Society Limited (Reliance Mutual) announces the appointment of Chris Lerpiniere, Head of Operations and Cameron Mills, Chief Actuary to the Board as Executive Directors. Both these appointments have been approved by the Financial Services Authority.

Lerpiniere joined Reliance Mutual in April 2008 and as Head of Operations is responsible for client and policy technical servicing and IT. Prior to joining Reliance Mutual, he held senior management positions at Fidelity and GAN Life and Pensions.

Mills joined Reliance Mutual in September 2009 and as Chief Actuary is responsible for all the Society’s actuarial functions including pricing of products. Prior to Reliance Mutual, he was Interim Chief Actuary at Baroda L&G Life Insurance Co Ltd supporting Legal & General in their joint start-up in Mumbai; three years at Resolution Life; and 21 years at Standard Life.

Commenting on the appointments, Seamus Creedon, Reliance Mutual’s Chairman said, “Having a greater executive presence on the Board will assist in ensuring greater diversity of contribution, as well as helping Board development in the future. On behalf of my colleagues, I would like to congratulate both Chris and Cameron on their appointments, and we look forward to their active contribution to the continued governance function that the Board provides for the Society and its members.”

ENDS

Reliance Mutual Insurance Society Limited is authorised and regulated by the Financial Services Authority

Note to Editors

1. Photographs of Chris Lerpiniere and Cameron Mills are attached for media use.

2. In July 2012 Reliance Mutual Insurance Society Limited completed a Scheme of Arrangement (Scheme) which clarified how Reliance Mutual is run and the future entitlements of policyholders, particularly those with profits policyholders in its main sub fund. A policyholders’ vote in May resulted in an overwhelming 97% in support of the Scheme.

3. Reliance Mutual specialises in:

• Business transfer and acquisitions market for life assurance and pensions. Having made a number of successful acquisitions since 2003 with each one being a seamless transition for policyholders, Reliance Mutual has tremendous strength in depth in its acquisitions team who have all been with the company for a number of years.
• Providing tailored white label products aimed particularly at advisers and organisations looking to ‘brand’ and market their own protection products such as term assurance, whole life and critical illness without having to carry all the necessary regulatory and administrative back office burdens.
• Enhanced annuities for smokers sold largely through the IFA market. These annuities have a good consistent market track record of competitive rates.

For further information, please contact:

Mark Goodale, Chief Executive, Reliance Mutual

Tel (Direct): Mobile 07768 597871

Concise Public Relations

Tel 0207 100 3960

Martin Wood, mobile 07946 527240

This was posted in Bdaily's Members' News section by Martin Wood .