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Scottish Friendly, Scotland’s largest financial mutual, has appointed Alan Rankine as its new Chief Actuary.

Rankine has over 11 years’ financial services industry experience, most recently as a Senior Manager with Deloitte.

There he led the actuarial insurance team in Scotland and specialised in mergers and acquisitions, insurance business transfers and the management of with-profits business.

Prior to this, Rankine, a mathematics graduate from the University of Edinburgh, spent over four years as an Actuary with Standard Life.

Rankine, whose appointment is pending regulatory approval, will play an important role in helping the Scottish Friendly Group continue its rapid growth.

The group, which took over Marine and General Mutual in its largest ever acquisition in 2015, is currently completing a takeover of a block of pensions business from Mobius Life and recently announced the acquisition of a large block of business from Canada Life.

Rankine said:

I am excited to be taking on this role at such an important period in Scottish Friendly’s history. The Group’s dynamism and innovation mean it is well-positioned to succeed in an evolving market and I look forward to helping ensure its continued success.

Jim Galbraith, Chief Executive, Scottish Friendly said:

We are delighted to welcome Alan as Chief Actuary to Scottish Friendly’s executive management team. The experience he brings comes at a key period in Scottish Friendly’s history as the Group aims to continue its sustained period of success in growing its business through organic growth and mergers and acquisitions.

Download a PDF of this press release here

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