Lumos Insurance, a wholly owned subsidiary of Hoplon Capital, has hired Tom Kenny as Managing Director and Senior Vice President of Global Retirement and Protection.
Kenny has more than 20 years of financial services experience in the United Kingdom, the United States, and Australia, with a focus on retirement income, social care (long-term care) solutions, and actuarial product development. He will establish Lumos’ reinsurance operations to support the growth of the company’s senior-market and retirement business in the United Kingdom, the United States and globally.
“We’ve spent nearly five decades building underwriting discipline in credit protection. Extending that into reinsurance and retirement solutions is a deliberate next step. Tom has built these capabilities before, and he knows how to do it inside a carrier platform,” said Vince Bodnar, President, Lumos Insurance.
Kenny joins Lumos from Just Group, a UK-based retirement-focused insurer, where he served as Group Property & Credit Risk Director. In that role, he led an initiative to implement Solvency UK reforms, a new investment-limit framework, and a credit-rating validation framework. His 14-year tenure at Just Group also included roles spanning pricing, product development, medical underwriting, mortgage underwriting, and property management across medically underwritten and enhanced annuities, as well as equity release (reverse) mortgages.
Earlier in his career, Kenny established the bulk purchase annuity (pension risk transfer) pricing team at Partnership Assurance. He has also held roles at MetLife, Munich Re, Asteron Life, and Willis Towers Watson.
“We are thrilled to welcome Tom to Lumos Insurance and Hoplon,” said Robert Arsov, Chief Executive Officer and Founder of Hoplon Capital, Lumos’ parent company.
“Tom’s experience and contributions are well-aligned with our efforts to enhance our insurance offerings and global footprint in retirement and protection products.”
Kenny currently chairs the IFoA Social Care Working Party, which recently received recognition for its contribution to the public debate on social care (long-term care) policy. He has published multiple papers and articles on social care financing and equity release mortgages.
“Lumos is building a carrier platform with the discipline to move quickly and the infrastructure to make new solutions work in practice,” he said.
“Lumos’ leadership team and Hoplon already understand the senior market and long-term care — that’s been a focus for decades. Answering the growing demand for retirement and protection solutions is a logical next step that supports that expansion.”
