Lumos Insurance Welcomes Tom Kenny as New Managing Director of Global Retirement and Protection
Lumos Insurance, a fully owned subsidiary of Hoplon Capital, has announced a significant addition to its leadership team with the appointment of Tom Kenny as Managing Director and Senior Vice President of Global Retirement and Protection. With over two decades of experience within the financial services industry, stemming from his extensive career in the UK, the US, and Australia, Kenny brings a wealth of knowledge and expertise, particularly in the domains of retirement income and long-term care solutions.
Kenny’s role at Lumos will focus on establishing the company’s reinsurance operations, as it seeks to enhance its capabilities in the senior-market sector, both domestically and globally. His significant background includes his previous position at Just Group plc, where he was pivotal in spearheading a range of initiatives, including the implementation of the Solvency UK reforms, which are essential for maintaining financial stability and compliance within the insurance sector. At Just Group, he does not only handle variables of pricing and product development but has also made strides in medical underwriting and property management associated with enhanced annuities and equity release mortgages.
Throughout his impressive career, Kenny has accumulated a diverse set of experiences. In prior roles, he has been instrumental in setting up the bulk purchase annuity pricing team at Partnership Assurance and has held positions at major firms, including MetLife and Munich Re.
Lumos Insurance is renowned in the credit protection market, providing a variety of insurance products tailored to banks and credit unions. The company's recent trajectory indicates a deliberate expansion beyond traditional credit insurance offerings into providing a comprehensive suite of retirement and senior-market solutions—a sector that is seeing increasing demand as populations age and financial needs evolve. Vince Bodnar, President of Lumos Insurance, emphasizes this strategic direction, stating, "We have spent nearly five decades building underwriting discipline in credit protection. Extending that into reinsurance and retirement solutions is a deliberate next step."
Kenny’s depth of knowledge in retirement strategy is set to be an invaluable asset as Lumos navigates this expansion. His appointment also aligns with Hoplon Capital's ongoing commitment to develop a robust insurance framework. Robert Arsov, CEO and founder of Hoplon Capital, commented on this significant addition to the team, highlighting how Kenny’s insights perfectly align with their goals to modernize and enhance insurance offerings. "We are thrilled to have Tom onboard, as his experiences and contributions are well-matched with our mission to improve our retail footprint in retirement and protection products," Arsov stated.
Aside from his role at Lumos, Kenny is also recognized for contributing to the public discourse on social care policy as the chair of the IFoA Social Care Working Party. His extensive writings on social care financing and equity release mortgages underscore his authority and engagement in critical industry discussions. In his own words, Kenny expressed enthusiasm about Lumos’ direction: "Lumos is building a carrier platform with the discipline to move quickly and the infrastructure to implement new solutions effectively. Responding to the growing demand for retirement and protection solutions reflects our dedication to evolving with market needs."
Lumos Insurance utilizes AM Best A- rated carriers to provide a mix of credit-driven life, health, and property insurance, along with a range of debt cancellation programs and specialty property casualty solutions. As the company embarks on this new trajectory under Tom Kenny's guidance, it aims to not only capture a larger share of the market but also to deliver sustainable, innovative solutions for senior customers.
For readers interested in learning more about Lumos Insurance and its offerings, please visit their website at www.lumosinsurance.com, or for insights into Hoplon Capital and its strategic endeavors, check out www.hoploncapital.com.
Kenny’s role at Lumos will focus on establishing the company’s reinsurance operations, as it seeks to enhance its capabilities in the senior-market sector, both domestically and globally. His significant background includes his previous position at Just Group plc, where he was pivotal in spearheading a range of initiatives, including the implementation of the Solvency UK reforms, which are essential for maintaining financial stability and compliance within the insurance sector. At Just Group, he does not only handle variables of pricing and product development but has also made strides in medical underwriting and property management associated with enhanced annuities and equity release mortgages.
Throughout his impressive career, Kenny has accumulated a diverse set of experiences. In prior roles, he has been instrumental in setting up the bulk purchase annuity pricing team at Partnership Assurance and has held positions at major firms, including MetLife and Munich Re.
Lumos Insurance is renowned in the credit protection market, providing a variety of insurance products tailored to banks and credit unions. The company's recent trajectory indicates a deliberate expansion beyond traditional credit insurance offerings into providing a comprehensive suite of retirement and senior-market solutions—a sector that is seeing increasing demand as populations age and financial needs evolve. Vince Bodnar, President of Lumos Insurance, emphasizes this strategic direction, stating, "We have spent nearly five decades building underwriting discipline in credit protection. Extending that into reinsurance and retirement solutions is a deliberate next step."
Kenny’s depth of knowledge in retirement strategy is set to be an invaluable asset as Lumos navigates this expansion. His appointment also aligns with Hoplon Capital's ongoing commitment to develop a robust insurance framework. Robert Arsov, CEO and founder of Hoplon Capital, commented on this significant addition to the team, highlighting how Kenny’s insights perfectly align with their goals to modernize and enhance insurance offerings. "We are thrilled to have Tom onboard, as his experiences and contributions are well-matched with our mission to improve our retail footprint in retirement and protection products," Arsov stated.
Aside from his role at Lumos, Kenny is also recognized for contributing to the public discourse on social care policy as the chair of the IFoA Social Care Working Party. His extensive writings on social care financing and equity release mortgages underscore his authority and engagement in critical industry discussions. In his own words, Kenny expressed enthusiasm about Lumos’ direction: "Lumos is building a carrier platform with the discipline to move quickly and the infrastructure to implement new solutions effectively. Responding to the growing demand for retirement and protection solutions reflects our dedication to evolving with market needs."
Lumos Insurance utilizes AM Best A- rated carriers to provide a mix of credit-driven life, health, and property insurance, along with a range of debt cancellation programs and specialty property casualty solutions. As the company embarks on this new trajectory under Tom Kenny's guidance, it aims to not only capture a larger share of the market but also to deliver sustainable, innovative solutions for senior customers.
For readers interested in learning more about Lumos Insurance and its offerings, please visit their website at www.lumosinsurance.com, or for insights into Hoplon Capital and its strategic endeavors, check out www.hoploncapital.com.
Topics Financial Services & Investing）
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