Reinsurance News

Legal & General Reinsurance appoints Foulger as new independent board member

5th June 2023 - Author: Kassandra Jimenez-Sanchez

Caroline Foulger, former Partner of PwC Bermuda, has been appointed as Independent Board and Committee Member for Legal & General’s Bermuda based reinsurance company, Legal & General Reinsurance.

Legal & GeneralShe replaces Derek Stapley who is stepping down in April after a maximum nine years’ service.

Foulger is a non-executive director with extensive experience in the financial services industry. She has lived and worked in Bermuda for over thirty years, primarily with global insurance and reinsurance entities.

During her time at PwC Bermuda she led the insurance practice and  was also a member of the firm’s global industry leadership team.

She is also an experienced Audit Committee Chair for both US and UK listed entities and has also been a champion of diversity and inclusion at both PwC and on several of the boards on which she has or continues to serve.

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Until 2022, Foulger served on the Board of the FTSE listed Hiscox Ltd and currently has a non-executive portfolio of both listed and unlisted entities in insurance, investments and private equity companies.

“I am very excited to be joining the boards and committees of Legal & General Reinsurance at such a pivotal point. Legal & General is well known for its focus on culture and its social purpose, and this resonated very clearly to me during the meetings I have held with them in both Bermuda and London. I look forward to contributing to the future success and growth in Bermuda,” Foulger commented.

Tim Stedman, Chairperson of Legal & General Reinsurance and Legal & General Group Chief Actuary said: “We are delighted to welcome Caroline as the new Independent Board and Committee Member at Legal & General Reinsurance. As a highly respected figure within the Bermudian financial services community, her extensive experience of the global insurance and reinsurance industry, will be invaluable in delivering the next stages of our growth strategy.

“On behalf of Legal & General, I would like to thank Derek for his hard work and dedication to the company and wish him all the best for his future endeavours.”

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