Deven Punjabi
About Deven Punjabi
Deven Punjabi serves as the Director of New Business Reinsurance at Legal & General, where he leads reinsurance transactions for the bulk annuity business. He has over a decade of experience in the actuarial field, having held various roles at notable companies including Just Group plc and Prudential Assurance.
Current Role at Legal & General
Deven Punjabi serves as the Director of New Business Reinsurance at Legal & General. In this role, he leads the execution of reinsurance transactions for the company's bulk annuity business. His responsibilities include overseeing complex financial arrangements and ensuring effective risk management strategies are in place. Punjabi has been with Legal & General since 2020, contributing to the company's growth in the reinsurance sector.
Previous Experience in Reinsurance and Actuarial Science
Prior to his current position, Deven Punjabi accumulated extensive experience in the actuarial field. He worked at Just Group plc as a Proposition Development Actuary from 2013 to 2020, where he focused on developing propositions for the annuity market. His earlier roles included positions at Reinsurance Group of America as a Senior Analyst in Annuities Pricing and Longevity Risk, and at Prudential Assurance as an Annuity Pricing Consultant. These positions provided him with a solid foundation in pricing and risk assessment.
Educational Background in Actuarial Science
Deven Punjabi holds a Master of Science (MSc) in Actuarial Science from Cass Business School. This advanced education has equipped him with the theoretical knowledge and practical skills necessary for a successful career in actuarial roles, particularly in reinsurance and annuity pricing.
Expertise in Longevity Swaps
Punjabi has developed a high level of expertise in executing longevity swaps, a specialized area within the actuarial field. His work in this domain involves managing the financial risks associated with longevity, which is critical for companies dealing with annuities and pension plans. This expertise enhances his contributions to Legal & General's reinsurance strategies.
Entrepreneurial Skills in the Bulk Annuity Market
Deven Punjabi has a proven track record of building start-ups specifically in the bulk annuity market. His entrepreneurial skills have enabled him to identify opportunities and develop innovative solutions within this sector. This experience complements his technical expertise and enhances his leadership capabilities in his current role.