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    Home > Finance > British Insurer Legal & General CFO Jeff Davies to step down in December
    Finance

    British Insurer Legal & General CFO Jeff Davies to step down in December

    Published by Global Banking & Finance Review®

    Posted on September 30, 2025

    1 min read

    Last updated: January 21, 2026

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    Tags:insuranceAppointmentFinancial performancecorporate governance

    Quick Summary

    Legal & General CFO Jeff Davies will step down in December, with Andrew Kail set to succeed. The transition is part of a broader company restructuring.

    Table of Contents

    • Leadership Transition at Legal & General
    • Jeff Davies' Departure
    • Andrew Kail's Appointment
    • Company Restructuring and Financial Performance

    Legal & General CFO Jeff Davies to Depart for New Role in 2026

    Leadership Transition at Legal & General

    (Reuters) -Britain's Legal & General said on Tuesday that Chief Financial Officer Jeff Davies would be stepping down from the role at the end of 2025 to pursue opportunities at another insurer.

    Jeff Davies' Departure

    Andrew Kail, currently the chief executive officer of L&G's largest division Institutional Retirement, will be succeeding Davies as group finance chief on December 1.

    Andrew Kail's Appointment

    Davies, who has held the role since March 2017, will be leaving the company to join insurance group Resolution Life as its CFO from March 2, 2026.

    Company Restructuring and Financial Performance

    Kail previously spent 30 years holding senior roles in auditing firm PricewaterhouseCoopers before joining L&G in 2021.

    The leadership change comes at a time when CEO Antonio Simoes is restructuring the business. The insurer has offloaded non-core businesses to focus on its core insurance and asset management units.

    In August, L&G reported a 6% rise in half-year core operating profit, driven by pension buy-outs, but disappointed investors with a weaker solvency ratio.

    (Reporting by Raechel Thankam Job in Bengaluru; Editing by Mrigank Dhaniwala and Subhranshu Sahu)

    Key Takeaways

    • •Jeff Davies to step down as CFO of Legal & General in December.
    • •Andrew Kail, CEO of Institutional Retirement, to succeed Davies.
    • •Davies to join Resolution Life as CFO in 2026.
    • •Leadership change amid company restructuring by CEO Antonio Simoes.
    • •L&G reports a rise in core operating profit but weaker solvency ratio.

    Frequently Asked Questions about British Insurer Legal & General CFO Jeff Davies to step down in December

    1What is a Chief Financial Officer (CFO)?

    A Chief Financial Officer (CFO) is a senior executive responsible for managing the financial actions of a company, including financial planning, risk management, record-keeping, and financial reporting.

    2What is corporate governance?

    Corporate governance refers to the systems, principles, and processes by which a company is directed and controlled, ensuring accountability and transparency in its operations.

    3What is financial performance?

    Financial performance is a measure of how well a company uses its assets to generate revenue and profit, often assessed through financial statements and ratios.

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