Life insurance company makes new appointment

Wed, 16 Jan 2008

Life insurance company LV=, who hit the news recently with their support for Association of British Insurers attempts to tighten up claims payment on life insurance, income protection insurance and critical illness insurance, are to make some new appointments to their board.

Two new executive directors have been appointed to the Friendly Society’s board, Richard Rowney and Keith Abercromby. The chairman of LV=, Dennis Holt, reportedly commented: "These appointments are an additional boost of talent to the Board. With this strong management team we are even better placed to compete successfully in today’s highly competitive financial services market, and offer increasing long term value to our members."

The life insurance industry is undergoing several changes this year, with the application process being firmed up and rules regarding non-disclosure being amended by the Association of British Insurers .
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