M&G has appointed Clive Bolton to the role of chief executive of its life insurance business.
He will take up his new role in September 2023. He will also become a member of M&G’s group executive committee, reporting to group CEO Andrea Rossi.
He joins from LV=, where he is managing director of protection, savings and retirement.
Bolton brings with him experience of the life and pensions market after working for Aviva Life UK for over a decade, including five years as managing director of retirement solutions.
At M&G, he will be responsible for developing and growing the range of Pru Fund products available across the UK and Europe.
He will also look after the group’s five million heritage insurance business customers.
Rossi said: “Clive is a hugely experienced life insurance leader and I am delighted to be able to appoint someone of his calibre to M&G. He is a seasoned pension and savings expert having spent most of his career within the sector, working in a number of leading organisations.
“With a proven track record of growing and developing Life businesses based around the needs of customers and advisers, Clive brings a broad understanding of the Life and Pensions market that will be key to supporting our existing customers, alongside the development of new innovative solutions that will underpin our growth ambitions.”
Bolton added: “I am thrilled to be joining M&G, an organisation with such a long heritage in developing innovative solutions to support corporate and individual clients to manage and grow their savings and investments through unique products such as the Pru Fund range.
“It will be a real privilege to work with the team to continue to deliver an excellent service to clients and drive forward M&G’s growth ambitions.”
Earlier in July, M&G appointed Caroline Connellan as CEO of M&G Wealth, subject to regulatory approval.
She replaces David Montgomery who will leave the wealth management firm at the end of August after two years in the role.
Connellan will also take up her new role in September 2023 and become a member of M&G’s executive committee, reporting to Rossi.
