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One of the biggest names of the past in the UK insurance industry has landed a top job outside the industry.
Mike Rogers, previously the CEO of LV= (known at the time as Liverpool Victoria), has today been named chairman of the world’s largest credit check company Experian having previously held the role of independent non-executive director. He moves into the position previously occupied by Don Robert who announced his intention to depart last year.
Also a non-executive director of the Royal Bank of Scotland Group, Rogers is well-known in insurance circles having spent 10 years at the helm of Liverpool Victoria on the back of 20 years at Barclays. He joined the insurer back in 2006, departing at the end of 2016 and at the time said he was moving on because he felt the timing was right.
“I felt that 10 years was a good length of time for someone to be chief executive of a large company,” he was quoted as saying by The Financial Times in 2016.
Rogers was widely credited with helping the friendly society enjoy a turnaround – rationalising its portfolio. He led the firm as it moved on from its asset management operation and bank, and brought in its life assurance and general insurance businesses.
He also famously made headlines in 2011 when his pay packet rose by 25% - leaping to £1.25 million. At the time it was described as “verging on the obscene” by one observer, for a mutual CEO to earn so much.
