Bournemouth-based insurance company Liverpool Victoria (LV) has promoted general counsel Rachel Small to group company secretary.
Small, who first joined LV in September 2007 and was appointed general counsel in 2009, will take up the new responsibilities of group company secretary in addition to her existing general counsel role effective from 1 January 2013.
She will take over from the current group company secretary, Paul Cassidy, who is returning to LV’s general insurance business unit in a projects-based role.
As part of her expanded role, Small will be in charge of advising the mutual’s board of directors on corporate governance-related issues. She will continue to lead her 12-strong team, which includes eight lawyers, and will manage the group’s relationship with its panel firms.
In 2009 Small slashed the company’s corporate legal panel from 38 firms to just six and succeeded in driving down legal spend from millions to just £400,000 a year (25 June 2012). The most recent review in October saw Clifford Chance and Norton Rose appointed to the group’s panel for the first time (15 October 2012). Eversheds and Bond Pearce were previously on the panel and were both reappointed, while Irwin Mitchell, legacy Lovells and Pinsent Masons failed to be reappointed to this particular panel.
Commenting on her appointment, Small said: “I am delighted to have been appointed group company secretary alongside my current role. In the five years since I joined LV I have been able to revitalise the in-house legal function to ensure we are offering a first class and cost effective service to the group, which has grown significantly over the same period of time to become a leading financial mutual. This new role will see me working closely with the LV group board of directors to help continue the success we have seen over recent years.”