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Catch up with the latest press releases from LV=

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Tim Rourke appointed head of personal lines underwriting at LV= Broker

Press release: 19/10/2015

Tim Rourke has been promoted to head of personal lines underwriting at LV= Broker, effective from 1 November 2015. He will be responsible for the insurer's standard motor and home lines.

Currently head of broker pricing, Tim joined LV= from Ageas 18 months ago. With over 10 years' experience in the insurance industry, his earlier career included roles at Standard Life and LV=, where he started his career as a trainee actuary.

Tim replaces LV= Broker current head of personal lines underwriting Elspeth Hackett, who is leaving the insurer for a new role in the industry.

With a strong service ethos at its core, LV='s broker business is a key provider in the personal lines market, offering home and motor products. In total, LV= Broker has over 1.2 million policies in force and last year delivered a profit of £46 million.

Michael Lawrence, personal lines director, LV= Broker said:

"Tim is an excellent talent and we look forward to him becoming our new head of personal lines underwriting. In his 18 months with LV= Broker, Tim, as head of broker pricing, has become a real asset to the personal lines exec team, bringing his extensive knowledge and experience to the role. He'll be playing a key role in the next stage of LV= Broker's development. Succession planning is a high priority for LV= and we continue to have a strong and experienced management team at all levels running the LV= Broker business.

"This great news is tinged with some sadness as it's due to the departure of Elspeth Hackett that this role has become available. During her eight years at LV=, Elspeth has played a key role in the development of both ABC and LV= Broker's personal lines underwriting – she will be sorely missed by her LV= colleagues. I would like to take this opportunity to thank Elspeth for all her hard work and commitment to LV= during this time and wish her every success in her new role."

Tim Rourke said:

"My first 18 months at LV= Broker has flown by and I'm looking forward to the move from pricing to head of personal lines underwriting. It may be a new role, but my priorities remain the same: ensuring we're the first port of call for brokers with great products that deliver what their customers need."


For further information please contact:

Nicola Hussey, nicola.hussey@lv.com, 020 8253 5238 / 07468 761 128


Tim Rourke career history

Tim started working for LV= as a trainee actuary in 2002. After his time at LV he moved to First Assist/Standard Life undertaking pricing, reserving and capital roles. Tim then moved to Ageas Insurance working on more mainstream GI products. He initially joined as Actuarial Pricing Manager before being promoted to oversee the overall pricing function. Tim joined LV= in February 2014 as head of broker motor pricing.


LV=

LV= employs 6,000 people and serves over 5.5 million customers with a range of financial products. We are the UK's largest friendly society and a leading financial mutual.

When we started in 1843 our goal was to give financial security to more than just a privileged few and for many decades we were most commonly associated with providing a method of saving to people of modest means. Today we follow a similar purpose, helping people to protect and provide for the things they love, although on a much larger scale and through a wide range of financial services including insurance, investment and retirement products.

We offer our services direct to consumers, as well as through IFAs and brokers, and through strategic partnerships with organisations such as ASDA, Nationwide Building Society and a range of trade unions.

Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. LVFS is a member of the ABI, the AFM and ILAG. Registered address: County Gates, Bournemouth BH1 2NF.