Legal & General America
Troy Thompson, FSA, joined Legal & General America as vice president, product management. In his new role Thompson will have responsibility for product development and in-force product management.
Thompson’s career is remarkably correlated to LGA’s business needs today. Thompson was most recently vice president of USAA, in San Antonio, TX, where he was first the strategic leader of life and investment company operations and then a leader in an enterprise transformation initiative. This initiative aided the shift from a product-line-centric organizational underpinning to a shared distribution multi-product solutions orientation.
At Genworth Financial, Thompson served as senior vice president of fixed life, universal life and term life products. There he also led the development of term and UL portfolio efforts, resulting in more than $200 million in annual sales, $300 million in after-tax income, and annual growth rates as high as 70 percent. In doing so, Thompson also artfully managed capital with structures that funded non-economic AG38 and XXX reserves, including the industry’s first securitization.
Thompson’s an actuary’s actuary, but also a trusted companion and collaborator. He has a long and demonstrated history of working closely with distribution and marketing. Thompson said, “This is the business I’m passionate about, and I’m thrilled to be part of the LGA team.”
A mathematics graduate with honors from the University of Texas, Thompson is a Fellow in the Society of Actuaries.
Legal & General America life insurance products are issued by Banner Life Insurance Company, Urbana, MD, and William Penn Life Insurance Company of New York, Garden City, NY. Banner is licensed to do business in 49 states and the District of Columbia. William Penn does business exclusively in New York.
