Pension Insurance Corporation (PIC), a specialist insurer of defined benefit pension schemes, has announced that CEO, Tracy Blackwell is to retire after nearly two decades with the company.
The board will conduct a search for her replacement, considering both internal and external candidates, and Blackwell will assist in the transition.
Blackwell initially joined PIC as Chief Investment Officer at the company’s inception in 2006, with responsibility for managing its asset and liability management strategy.
In 2011, she was appointed to the Board as an Executive Director and appointed as Chief Executive Officer in July 2015, a role she held for close to a decade.
Blackwell, PIC’s CEO, commented: “It has been a privilege to work at, and lead, PIC. I never imagined, when we started the business nearly 20 years ago, that the Company would grow into the market leader it is today.
“I am so proud of what we have achieved together, and it has only been possible because of the dedication, commitment and talent of the people at PIC. I look forward to watching the business continue to grow.”
David Weymouth, PIC’s Chairman, stated: “The Board would like to thank Tracy for her leadership of the company. Tracy has had a long and distinguished career at PIC, and in the wider insurance and pension industry, and we are very grateful for her significant contribution, which was most recently recognised by her award of a CBE. She will leave PIC in a strong position as it enters the next phase of its growth.”
