Pension Insurance Corporation plc (PIC), a specialist insurer of defined benefit pension funds, has announced the appointment of Simon Abel as Head of Corporate Development and Strategy.
In this role, Abel will be responsible for developing, communicating, executing and sustaining PIC’s corporate initiatives, including corporate bond issues, and will report to Chief Financial Officer Rob Sewell.
He succeeds David Collinson, who has led the strategy team since 2014 and will continue to work with PIC in a senior advisory capacity.
Abel joins PIC from Aon Securities Limited, the investment bank within Aon, where he most recently served as a Board Director.
He has 20 years’ experience in investment baking, specialising in life and non-life insurance, M&A, and sub-ordinated debt origination, and has previously worked for financial services focused investment banks such as Fox-Plitt, Kelton, and Keefe Bruyette & Woods.
“I am delighted to welcome Simon to PIC,” said Sewell. “His depth of experience in investment banking and knowledge of insurance markets will help PIC through the next stage of its growth, especially as the bulk annuity market expands so rapidly.”
Abel also commented: “I am delighted to be joining PIC, a company I have admired from afar for a considerable amount of time. PIC’s growth has been impressive, and it is clear to me that with the company’s strong culture and focus on purpose there is much more to come.”
“I look forward to working with Rob and the team here in pursuit of new and existing opportunities,” he added.
