Tim Stedman 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 including the c£90bn annuity portfolio.
Tim became Group Actuary in 2010 and led the project to gain approval of the Group’s Solvency II internal model in 2015. He has 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. Since 2016, Tim has led the Group’s work on Insurance Capital Standards.
Tim is a Fellow of the Institute and Faculty of Actuaries and has a BSc in Mathematics from the University of Manchester.
Tim is the Chairman of the Boards and Bermuda Reinsurance Committees for both Legal & General Reinsurance Company Limited and Legal & General Reinsurance Company No.2 Limited.