The Council of the Institute and Faculty of Actuaries has elected David Hare to be its President-elect. Dr Hare will take this position on 25 June 2012 when Philip Scott becomes President and current President, Jane Curtis, becomes Immediate Past-President.

A specialist in life insurance, Dr Hare is shortly to become a partner with Deloitte following a career with Scottish Mutual, Abbey National and, latterly, Standard Life.

Dr Hare has a considerable track record of volunteering with the Profession. He was a member of the Faculty of Actuaries Council from 2001-2010 and Vice-President from 2009-2010, and is an active member of the Life community as both a member and former chair of the Life Practice Executive Committee.  He is also a non-executive member of the independent Board for Actuarial Standards established by the Financial Reporting Council.

Jane Curtis, President of the Institute and Faculty of Actuaries said: “I am very pleased to see David elected to this position. His experience, both in his professional capacity and as a tireless volunteer have already made him a valuable asset to our Profession. This, along with his enthusiasm and ever-present good humour will make him a first class ambassador for the Institute and Faculty of Actuaries.”

Philip Scott, current President-elect said: “With the election of David as President-elect, we now have the full presidential team in place for my term of office as President. I am looking forward to working with David and am delighted to see a candidate of his calibre stepping forward to lead our Profession.”

David Hare said: “I qualified in 1988, never dreaming that 25 years later, I would be leading our Profession. I am honoured to have been elected and look forward to working alongside Philip and Jane as we continue to build a profession that is fit for the needs and aspirations of our members.”

ENDS

Enquiries: Tel. Michael Scanlan 020 7632 1453 or email michael.scanlan@actuaries.org.uk

A photograph of David Hare is available on request.

Notes to editors:

  1. Actuaries provide commercial, financial and prudential advice on the management of a business’s assets and liabilities, especially where long term management and planning are critical to the success of any business venture. They also advise individuals, and advise on social and public interest issues.
  2. Members of the Profession have a statutory role in the supervision of pension funds and life insurance companies. They also have a statutory role to provide actuarial opinions for managing agents at Lloyd’s.
  3.  The Profession is governed by the Institute and Faculty of Actuaries. A rigorous examination system is supported by a programme of continuing professional development and a professional code of conduct supports high standards reflecting the significant role of the Profession in society.
  4. The Profession is available to provide expert comment to the media on a range of actuarial- related issues, including enterprise risk management, finance and investment, general insurance, health and care, life assurance, mortality, and pensions.

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