Mortgage News
LV= hires Beyer as protection proposition director
Investment, protection, retirement and in-house advice specialist LV= has appointed Gary Beyer as its protection proposition director.
Beyer will lead the protection team at LV= and continue to develop its protection business.
He joins from Royal London, where he worked for nearly nine years, most recently as head of its protection futures proposition as part of its London modernisation programme. Before that, he held the role of head of protection proposition, and joined the firm as a proposition manager.
Prior to working at Royal London, he worked as a proposition development manager at Scottish Widows for around six years, and before that, he was a senior claims assessor at Prudential Assurance for around four years.
Katherine Carnegie, LV=’s chief commercial officer, said that the firm had “secured a great talent” in Beyer.
“He brings a wealth of experience in the protection space with him to LV= and will further strengthen my team. He will be at the forefront of the continuing success of the protection business.”
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Beyer said he was delighted to be taking on the role, adding: “LV= is a growing and dynamic business, and I’m excited to bring my experience of the mutual life sector to this role.
“I’m looking forward to getting started and contributing to the future growth of LV=.”
According to its latest results, LV=’s new business sales for protection came to £356m in 2023, which is 13% down on 2022 figures.
The life and pensions mutual insurer also reported that it paid £135m in protection claims in 2023, an increase of 6% on the year prior.