Partners chief actuary retires

Partners Life managing director Naomi Ballantyne said the growth of the insurer had meant a huge volume of work and pressure.

“Chris Coon has made the decision that the time has come for him to take a leaf out of brother [group director] Richard’s book and start easing towards retirement.”

Coon, 74, has handed over day-to-day responsibility for Partners Life’s actuarial functions to Anton Gardiner, who takes over a chief actuary. He will serve as a consultant focused on specific research and analysis projects.

He is also retiring from his Partners directorships. Partners said this would enable the board to restructure to best meet the requirements of future capital-raising strategies and would allow Coon to focus on an international project he is working on with his sons.