Pension Insurance Corporation (PIC), a specialist insurer of defined benefit pension schemes, has appointed Michael Eakins as its incoming Chief Executive Officer, subject to regulatory approval.
Eakins will join the firm following the completion of Athora’s acquisition of the company. He currently serves at Standard Life as Chief Executive Officer of Retirement Solutions and Asset Management, as well as Group Chief Investment Officer.
Dom Veney will continue to lead PIC as Interim Chief Executive Officer until Eakins formally assumes the role.
David Weymouth, Chairman of Pension Insurance Corporation, said: “I am delighted that Mike will be joining PIC at such an important moment in the evolution of the business. He is a highly regarded leader with deep industry experience.”
Eakins added: “I have long admired what the team at PIC have achieved, so I’m very excited to be joining them as CEO. PIC’s clear sense of purpose is fundamental to the success of the business and is something I want to build on, working with the current leadership team and Athora.”
The leadership appointment comes as PIC prepares for its next phase under Athora’s ownership, with the insurer continuing to focus on providing pension risk transfer solutions for defined benefit schemes.
