Tim Stedman

Tim has been at L&G since 1997 and has over 30 years’ experience in the life insurance sector. During his time with L&G, Tim has held a number of different financial reporting and risk management roles. From 2007 until 2013, he was Actuarial Function Holder for L&G Assurance Society (“LGAS”). LGAS is the entity through which the Group accepts the majority of its life assurance risks. 

Tim became Group Chief Actuary in 2010 and led the project to gain approval of the Group’s Solvency II internal model in 2015. He had responsibility for capital management and optimisation across the Group as well as the on-going operation and development of the Group’s capital modelling and ensuring compliance with Solvency II. As part of his role , Tim led the Group’s work on Insurance Capital Standards. 

In September 2023, Tim moved to the role of Group Capital Director focusing on the Group’s implementation of Solvency UK – the UK’s forthcoming changes to the Solvency II regime.  

Tim is a Fellow of the Institute and Faculty of Actuaries and has a BSc in Mathematics from the University of Manchester.