LV= appoints Haynes as chief risk officer

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UK mutual insurance and investment group LV= has appointed Steve Haynes as its new chief risk officer. He will report to Mike Rogers, chief executive officer of LV=.

Haynes will be responsible for implementing a risk framework within LV= to assist in its preparations for the European Solvency II risk management and capital adequacy regulations, which are due to come into force at the start of 2013. LV='s internal risk model was approved by the UK Financial Services Authority for Solvency II

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