Global insurance group Resolution Life – which has operations in Bermuda, the UK, the US, Australia, and New Zealand – has hired Simon Woods as group chief financial officer.
A PwC, HSBC, and UBS alumnus, Woods was insurance financing head at Goldman Sachs’ investment banking division in London before his move to EY in Zürich where he led client services for complex strategic change and was responsible for a range of senior client relationships across insurance.
“Simon’s experience positions him to play an instrumental role at Resolution Life as we continue to grow through M&A (mergers and acquisitions),” said Resolution Life executive chair Sir Clive Cowdery.
“He already knows the business well, and I look forward to working with him as the group helps even more global insurers to release capital by providing a safe long-term home for policyholders.”
Reporting to Cowdery, Woods will join the executive committee and will be in charge of the financial leadership of Resolution Life, including accounting, controlling, tax, investments, capital raising and deployment, debt strategy and management, and treasury services.
Commenting on his appointment, the incoming group CFO stated: “I am delighted to join Resolution at a hugely exciting time for the company and the industry, and to help drive continued growth.
“The industry and societal need for long-term secure solutions for in-force policies has never been greater, and Resolution is uniquely positioned to deploy capital globally, and to provide full-service solutions across investments, biometric risk, and operations.”