Press releases
Legal & General Retirement Institutional Division announces new CEO
Legal & General Assurance Society Limited (“Legal & General”) today announced the appointment of Andrew Kail as the new CEO of Legal & General Retirement Institutional (“LGRI”), the Pension Risk Transfer (“PRT”) division of Legal & General. This was effective from 1 January 2022.
7 Jan 2022
He succeeds Laura Mason, who has moved to become CEO of Legal & General Capital. Laura has successfully headed LGRI since January 2018, with the business recently announcing it had contributed 41% of Group profits in the first six months of 2021.
Andrew Kail joined Legal & General Retail Retirement (“LGRR”) in 2021, having previously spent 30 years at PricewaterhouseCoopers (“PwC”) in a wide variety of roles. As Head of Financial Services he led PwC’s 6,000 strong team in asset & wealth management, banking, insurance, and real estate, having previously worked in its audit, strategy, regulation and technology divisions.
Andrew Kail, CEO, Legal & General Retirement Institutional: “It is a great privilege to lead such a successful global team in the Pension Risk Transfer (PRT) markets. There are still significant opportunities for Legal & General to help pension schemes de-risk, in the UK and internationally, through collaboration, innovation and drawing on the strength of the Legal & General Group. We provide additional security and world class customer service to scheme members while investing their savings in their communities and their environment, levelling up local economies.”
For further information:
Margrit Williams
Director of External Engagement
Legal & General Capital
Notes to editors:
Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with £1.2 trillion in total assets under management1 of which 40% is international. We have a unique and highly synergistic business model, which continues to drive strong returns. Legal & General provides powerful asset origination and management capabilities directly to clients, which also underpin our leading retirement and protection solutions. We are a leading international player in Pension Risk Transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. Our purpose is to improve the lives of our customers and create value for our shareholders. Through inclusive capitalism, we are investing in long-term assets, such as real estate and infrastructure, that can help build a better society for the future.
1Data as at 31 December 2023.
Legal & General Retirement Institutional (LGRI) works with trustees and sponsoring companies of defined benefit (DB) pension schemes of all sizes to settle their pension obligations and secure scheme members’ benefits, through a full range of buy-ins, buyouts and other de-risking solutions. Our Client Services’ 12-month rolling Net Promoter Score (NPS) is above +70, which is widely regarded as being at a “world class” level. Legal & General is the UK’s longest-standing active bulk annuity provider.
Our UK Retirement annuity book stands at an estimated £86.1 billion at 31 December 2023. Across the group over £30 billion is invested in direct investments that deliver positive social and environmental impacts, such as clean energy and affordable housing. Legal & General provides income and pension security to more than a million retirement customers around the world.