Specialist insurer Pension Insurance Corporation plc (PIC) has announced the addition of three new members to its Origination team, Tom Seecharan as Co-Head of Origination, Matt Richards as Head of Origination Structuring, and Louise Nash as Origination Actuary.
“I’m delighted we have been able to recruit three individuals who are widely respected across our industry. The bulk annuity market continues to thrive, with many commentators anticipating 
market volumes over £50bn this year,” Mitul Magudia, Co-Chief Origination Officer at PIC, commented.
Adding: “With these new hires and the nine internal promotions we announced last month, we are committed to making sure we have the capacity, expertise and thought leadership to continue to deliver strong growth and innovative solutions to our clients.”
Seecharan, PIC’s new Co-Head of Origination, has joined the company from Rothesay’s business development team.
He has a wealth of experience in the bulk annuity space and over 20 years in the pension industry, including previous experience leading KPMG’s Pension Risk Settlement team.
Richards has rejoined PIC as Head of Origination Structuring. He has previously worked at Phoenix Group as a senior business development actuary in the bulk annuity team for the past two and a half years.
The executive has 15 years’ experience in the pensions and insurance industry and experience of working on several ground breaking bulk annuity transactions.
From WTW, Nash joined PIC as Origination Actuary, who joined PIC. During her time at the broker, she was part of the Pensions De-risking team.
She brings to her new role 14 years’ experience advising defined benefit pension schemes on bulk annuity transactions and longevity risk management, working with trustees and sponsors to develop their strategies.
