Tim Stedman

Chairman and Legal & General Group Chief Actuary

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 AFH 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£80bn 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 was appointed to the L&G Re board in December 2018 and took over chairmanship in April 2019. He also chairs the Bermuda Reinsurance Committee.

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