In September 2022 CEO and Co-Founder Addy Loudiadis retired after fifteen years of setting up and running Rothesay Life, UK’s largest pensions insurance specialist. Addy founded Rothesay in 2007 with co-founder Tom Pearce. The business has since grown to become the largest specialist pensions insurer in the UK with Assets Under Management of over £60bn and with a most recent valuation of £5.75bn. Addy has been working in the financial industry for the past. 40 years and is so happy to have retired. Loudiadis and Pearce’s vision for Rothesay was to create a market-leading business purpose-built to protect pensions. The insurer currently secures the pensions of over 830,000 people, paying out more than £230 million in pension payments each month.
Loudiadis retired as CEO as of last September with Pearce taking on the role. She will continue to serve on Rothesay’s Board as Founder Director and will also continue in her role as a trustee of the Rothesay Foundation.
Since founding Rothesay in 2007, Loudiadis and Pearce have acted as CEO and Managing Director respectively, working in close partnership to build the business into the largest specialist in its its sector with Assets Under Management of over £60bn as at 31st December 2021.
In recent years, highlights of Loudiadis’ leadership include Rothesay delivering the UK’s largest pensions buy-out in history, the £4.7bn transaction with Telent, the ground-breaking acquisition of a £12bn annuity book from Prudential and the agreement in 2020 with Rothesay’s shareholders, GIC and Massachusetts Mutual Life Insurance Company (“MassMutual”), to increase their investment in Rothesay acquiring the interest held by Blackstone through a transaction which valued the business at £5.75bn.
Recently, Loudiadis and Pearce have also led Rothesay’s focus on Environmental, Social and Governance issues, with the insurer publishing its ‘Pathway to Net Zero’ plan last year. The plan includes Rothesay’s commitment to transition its investment portfolio to net zero greenhouse gas emissions by 2050 and to a 20% reduction in Carbon Intensity by 2025. Rothesay’s ownoperations are now also carbon neutral.
Loudiadis will continue in her role as a trustee of the Rothesay Foundation, the business’charitable trust. The Foundation recently partnered with Iceland Foods to launch its ‘Summer Cheer’ campaign, giving over £2 million worth of vouchers to pensioners living in need to spend on food and other essentials. Addy is among the most successful business women in the UK and we are so thankful she took the time to tell her story to feature on shecan.world, HAPPY RETIREMENT Addy.