Resolution Life names Nardeep Sangha as CEO of New Markets

He joins Resolution Life following its latest round of capital raising which saw the company raise c$1.6bn (£1.15bn) of new equity

Resolution Life, the long-term manager of legacy life insurance portfolios, has appointed Nardeep Sangha as its new CEO of New Markets.

Sangha will be responsible for sourcing new opportunities in reinsurance and life, with a particular focus on new risk markets and broader geographies including Asia and Europe.
He joins Resolution Life from Swiss Re where he has been global head of Life and Health Structured Solutions since November 2011.

A trained actuary, Sangha began his insurance career at consultancy firm Watson. He has also worked in capital markets at Sumitomo Bank and Deutsche Bank. While at Deutsche Bank he was CEO and CIO of Abbey Life and was on the board of Paternoster, the insurance company that targeted pension funds.

He joins Resolution Life following its latest round of capital raising which saw the company raise c$1.6bn (£1.15bn) of new equity.

The firm revealed he will be based in London, reporting to Sir Clive Cowdery, Resolution founder and executive chairman of Resolution Life, and will join the group’s Executive Committee.

In the past 12 months, Resolution Life has completed the acquisitions of AMP Life in Australasia for AUD$3bn (£1.6bn) and Voya Financial’s US$1.25bn (£900m) individual life in-force business in the US.

Resolution Life now manages c.$60bn (£43.2bn) of assets, employs c.1,500 people and provides services to approximately 2.5 million policyholders.

Cowdery said: “Nardeep’s experience in insurance and capital markets will be valuable to Resolution Life as we expand our footprint.

“I look forward to welcoming Nardeep to the team and working closely with him as we help global insurers release capital and provide a safe long-term home for policyholders.”

Sangha added: “I am joining Resolution Life at an exciting time for the group and am thrilled to be joining a team that has pioneered change in the life insurance industry. By placing the in-force customer at the top of the priority list, Resolution Life serves the interests of both insurers and policyholders. The opportunity to do more transactions from its global platform is compelling.”

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