Rogers has helped transform the insurer’s fortunes since taking over, as the group has gone from making a £20.1m loss in 2006 to a £195m profit in 2015.
LV= chief executive Mike Rogers will step down from his role at the end of the year after a decade in the role.
Rogers has helped transform the insurer’s fortunes since taking over, as the group has gone from making a £20.1m loss in 2006 to a £195m profit in 2015.
The group will look both internally and externally for a replacement.
Rogers said: “It's been a privilege to lead LV= for a decade, alongside a great team.
“10 years is a significant milestone and it now feels the right time to let a new team shape the next decade.
“LV= will always be special for me and I look forward to seeing its members, customers and people thrive.”
Rogers is a non-executive director of the Royal Bank of Scotland, a member of the Association of British Insurers Board while he also sits on the PRA Practitioner Panel.
Mark Austen, chairman, who will be interviewing for Rogers’ replacement, said: “On behalf of my fellow board members, and I would hope our one million or more members, I would like to thank Mike Rogers for the outstanding service he has provided the Society over the last 10 years.
“Under his leadership LV= has been transformed into the successful and profitable financial mutual it is today with a special place in the financial services market.
“The process to appoint a successor is underway and Mike Rogers will continue to lead the business for the remainder of the year, and into 2017 as required, to ensure a smooth transition.”
