First Actuarial restructures management and ownership structure & more…Keep up with what has been happening this week in our latest actuary news round-up…

First Actuarial restructures management and ownership structure

First Actuarial has overhauled its management and decision-making structures following the growth of the business.

Bayes Business School announced as Centre of Actuarial Excellence

Award by the Society of Actuaries makes Bayes one of the two institutions in the UK with the designation.

L&G agree buy in with Tioxide Pension 

Legal & General Assurance Society Limited announced it has agreed a £430 million buy-in with the Tioxide Pension Fund. The transaction, which was agreed in November, secures the benefits of around 2,700 retirees and deferred members.

FWD appoints group chief risk officer

FWD Group Holdings has appointed Jeremy Porter as group chief risk officer, subject to regulatory approval. Porter will be a member of the group’s executive committee and will report to Huynh Thanh Phong, CEO and executive director of FWD Group.

Canadian Institute of Actuaries joins United Nations initiative on financial sustainability

The Canadian Institute of Actuaries (CIA) has earned official status as a Supporter of the United Nations Environment Programme Finance Initiative (UNEP FI).