Thomas Olunloyo has been announced as the new Deputy Chief Executive Officer (CEO) of Legal & General America (LGA), reporting to Mark Holweger, President and CEO.
Effective July 1st, 2021, Olunloyo takes on responsibility for leading and coordinating all aspects of the company’s business associated with digital transformation and business development.
As L&G looks to capitalise on growth opportunities in the U.S. marketplace, Olunloyo will be a key member of the executive leadership team and head up the strategic direction and management of the business with a focus on IT, marketing, operations, and underwriting and actuarial.
Most recently, Olunloyo has served as CEO of L&G Re since 2017, having served as the reinsurance division’s Chief Actuary and Chief Investment Officer since 2014.
During his time with L&G Re, Olunloyo led the firm’s development into new markets and new technologies, including spearheading the group’s first pension risk transfer transaction in Canada and embracing the use of blockchain and automation for the PRT business.
Before joining L&G Re, he worked as a Pricing and Product Development Actuary at MetLife in the UK.
Commenting on his new role, Olunloyo said: “It’s an exciting time to be joining our LGA business, which has a great opportunity for tech-driven growth in the US life market. I am looking forward to the challenge of working in a new market, serving customers directly and building strong relationships with my new team.”
Holweger added: “We are thrilled to be welcoming Mr. Olunloyo to our team, bringing his leadership skills and proven track record of embracing new technologies to drive business performance.”