Pension Insurance Corporation (PIC), a specialist insurer of defined benefit pension funds, has announced the addition of Sally Bridgeland to its Board as an Independent Non-Executive Director and Chair of the Risk Committee.
Bridgeland replaces Steve Sarjant as Chairman of the Risk Committee following his retirement as an Independent Non-Executive Director.
At the same time, Rob Sewell, an Executive Director and Chief Financial Officer of PIC, has announced his intention to retire from the company by the end of 2021.
Bridgeland’s previous executive career roles include CEO of the BP Pension Fund and various roles at Aon (formerly Aon Hewitt), including Head of the Financial Institutions Practice and Head of the Investment Consulting Practice Research Team.
Her Non-Executive roles have included Trustee Director, Lloyds Banking Group Pensions Trustees Limited; and Trustee and Investment Committee Chair, NEST Corporation.
“We are delighted to welcome Sally as an Independent Non-Executive Director and are sorry that Steve is retiring,” said Jon Aisbitt, Chairman of Pension Insurance Corporation.
“Sally brings with her a wealth of experience from a long and varied career as an actuary, adviser and expert in pensions and investment. Sally’s experience, perspective and strong leadership skills will be invaluable as she chairs this important Board committee,” Aisbitt continued.
“I also want to thank in the warmest terms the previous Risk Committee Chairman, Steve Sarjant, who has provided strong direction and oversight, and overseen its development during his tenure. Steve has served on PIC’s Board since 2014, providing challenge and an outside perspective that has been invaluable over the past six years.”
Bridgeland also commented: “PIC sets a high benchmark in the pension risk transfer industry because the company is focused on its purpose. PIC’s approach to risk management is dictated by this focus and I am delighted to be chairing the Risk Committee and joining the wider Board.”