Lumos Insurance, a wholly owned subsidiary of Hoplon Capital, a financial services holding company, has appointed Tom Kenny as Managing Director (MD) and Senior Vice President (SVP) of Global Retirement and Protection to establish its global reinsurance operations.
In his new role, Kenny will also support Lumos’ senior-market and retirement business growth in the United Kingdom, the United States, and globally. His appointment reflects Hoplon Capital’s continued investment in building out its insurance platform and marks Lumos’ expansion into retirement and senior-market solutions.
He has over two decades of financial services experience in the United Kingdom, the United States, and Australia, with a focus on retirement income, social care (long-term care) solutions, and actuarial product development.
Most recently, he served at Just Group plc, a UK retirement-focused insurer, as Group Property and Credit Risk Director, where he led an initiative to implement Solvency UK reforms, a new investment-limit framework, and a credit-rating validation framework.
Kenny spent 14 years at Just Group, serving in roles across pricing, product development, medical underwriting, mortgage underwriting, and property management across medically underwritten and enhanced annuities, as well as equity release (reverse) mortgages.
Earlier in his career, he established the bulk purchase annuity (pension risk transfer) pricing team at Partnership Assurance, and has held roles at MetLife, Munich Re, Asteron Life, and Willis Towers Watson.
Kenny is a well-known actuary in the UK retirement and care markets, and currently chairs the IFoA Social Care Working Party, which recently received recognition for its contribution to the public debate on social care (long-term care) policy.
Vince Bodnar, President, Lumos Insurance, commented on the appointment, “We’ve spent nearly five decades building underwriting discipline in credit protection. Extending that into reinsurance and retirement solutions is a deliberate next step. Tom has built these capabilities before, and he knows how to do it inside a carrier platform.”
Robert Arsov, Chief Executive Officer and Founder of Hoplon Capital, Lumos’ parent company, added, “We are thrilled to welcome Tom to Lumos Insurance and Hoplon. Tom’s experience and contributions are well-aligned with our efforts to enhance our insurance offerings and global footprint in retirement and protection products.”
Kenny said, “Lumos is building a carrier platform with the discipline to move quickly and the infrastructure to make new solutions work in practice. Lumos’ leadership team and Hoplon already understand the senior market and long-term care — that’s been a focus for decades. Answering the growing demand for retirement and protection solutions is a logical next step that supports that expansion.”
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