REG - Pension Ins Corp plc - Dom Veney Appointed Interim CEO of PIC

Zurich Insurance AGAnnouncement

20/11/2025 09:00

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RNS Number : 8646H  Pension Insurance Corporation PLC  20 November 2025

DOM VENEY APPOINTED INTERIM CEO OF

PENSION INSURANCE CORPORATION

 

London, 20 November 2025 - Pension Insurance Corporation plc ("PIC"), a
specialist insurer of defined benefit pension schemes, today announces that
Dom Veney, PIC's Chief Financial Officer, has been appointed Interim Chief
Executive Officer(1). Dom will assume the role on the retirement of Tracy
Blackwell, effective 31 December 2025.

 

The Board of Directors began a formal search for a permanent CEO in February
2025, following Tracy's announcement of her intention to retire. This process,
in which the Board is considering both internal and external candidates, was
extended to accommodate the acquisition of PIC by Athora Holding Limited
("Athora"). The acquisition of PIC by Athora, which was announced in July
2025, is expected to close in early 2026, subject to regulatory approval.

 

Dom joined PIC in April 2018 as Chief Actuary and has served as Chief
Financial Officer since October 2021. Dom has significant expertise, with
nearly 30 years' experience in the UK life insurance industry, including as a
partner at PwC, where he led the UK Life Actuarial Practice. His proven track
record at PIC, particularly in leading large teams and navigating complex
regulatory and market environments, will mean strong, stable leadership during
this period of transition.

 

David Weymouth, Chairman of PIC, said: "When Tracy announced her retirement at
the start of the year, we agreed that she would remain in place until the end
of the year to help oversee an orderly transition. I have therefore agreed
with Tracy that she can retire from PIC in line with our original plan. I am
confident that Dom's experience, integrity, and deep understanding of our
business will ensure continuity and continued success for PIC. I look forward
to working with him in my ongoing role as Chairman.

 

"As I said when we announced her retirement, Tracy has had a long and
distinguished career at PIC, and in the wider insurance and pension industry,
and we are very grateful for her significant contribution. Tracy will leave
PIC in a strong position as it enters the next phase of its growth."

 

Tracy Blackwell, Chief Executive Officer at PIC, said: "I couldn't be prouder
to have helped found PIC 20 years ago and then lead the company for the past
10 years. I look forward to seeing the company continue to thrive under Dom's
leadership as Interim CEO as we move towards the completion of the acquisition
by Athora. I am now looking at the next phase of my career, which includes
potential exciting new ventures, which I will focus on in the new year."

 

-     ends -

 

1 - Subject to regulatory approval

 

Notes to Editors:

 

For further information please contact:

 

Harshna Brahmbhatt

Head of Corporate Affairs

brahmbhatt@pensioncorporation.com (mailto:brahmbhatt@pensioncorporation.com)

07973 628446

 

About PIC

The purpose of PIC is to pay the pensions of its current and future
policyholders. PIC provides secure retirement incomes through comprehensive
risk management and excellence in asset and liability management, as well as
exceptional customer service. At half year 2025, PIC had fully secured the
pensions of 399,200 people, and had a portfolio of £51.5 billion, accumulated
through the provision of tailored pension insurance buyouts and buy-ins to the
trustees and sponsors of UK defined benefit pension schemes. PIC has made
total pension payments of £17.8 billion to its policyholders, with a 99%
customer satisfaction rating. PIC has invested £14.6 billion in private
investments to date including in UK housing and infrastructure, creating
considerable social value. Clients include FTSE 100 companies, multinationals
and the public sector. PIC is authorised by the Prudential Regulation
Authority and regulated by the Financial Conduct Authority and Prudential
Regulation Authority (FRN 454345). For further information please
visit www.pensioncorporation.com (http://www.pensioncorporation.com/)

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