UK life insurer AIG Life has announced that Nick Austin has been named managing director of its individual protection business.

Austin (pictured) will report to Phil Willcock, chief executive officer of AIG Life.

He joined the UK life insurance arm of Corebridge Financial, formerly AIG Life & Retirement, in January 2022 as head of pricing. He has over 20 years’ experience in financial services and business including 10 years at LV, most notably as protection director.

Willcock said: “I’m very excited to have Nick leading our Individual business. His knowledge, experience and passion for the protection industry are vital in our ambitious growth plans, and in our goal of delivering excellence for our customers and protection industry partners.”

Austin added: “AIG has always been a company that has impressed me, given its rapid growth in the protection market, clear customer focus and agile approach.

“I’m delighted to have the opportunity to lead the Individual business as it embarks on its next phase of growth.”