Areas of Expertise (8)
International Business Development
UK Employee Benefits
UK Business Leaders
UK Workforce of the Future
UK Business Trends
UK Workers' Shifting Attitudes
Peter O’Donnell was appointed Executive Vice President and Chief Executive Officer of Unum International in October 2018 and is a member of that organization’s governing body, Unum Limited Board of Directors. Previously (and prior to the company’s expansion into Poland), he served as President and Chief Executive Officer of Unum UK since September 2012.
O’Donnell joined Unum in June 2010 as the Chief Financial Officer. Prior to that he was Director of Group Finance at Prudential plc and held senior finance and business positions at RSA plc and Aviva plc.
O’Donnell has spent over 20 years in the financial services industry, has held a number of significant operational and international roles and has excellent experience of the UK Life & Pensions market and the wider global insurance industry.
O’Donnell is a Fellow of the Chartered Institute of Management Accountants and has a Bachelor of Commerce Degree from University College Dublin.
He and his wife, Colette, have three children and live in Kent, England.
University College of Dublin: B. Com., Business 1986
Professional Affiliations (1)
- Fellow, Chartered Institute of Management Accountants
Selected Media (7)
Unum completes purchase of Poland-based Pramerica
Business Wire online
Pramerica will remain a standalone business reporting to Peter O’Donnell, executive vice president of Unum Group and CEO of Unum UK, who will become the chair of Pramerica’s supervisory board.
“We are excited to welcome Pramerica to the Unum family and support them as they build on their current momentum in the Polish market,” O’Donnell said. “Pramerica will continue to offer its existing individual and group products, and we’ll leverage Pramerica’s strong network of agents and brokers with Unum’s knowledge and expertise to further expand its financial protection offering.”
Nearly a third of UK workers favour fines for companies who breach ethics
“The Future Workforce report reveals the extent to which the movement towards a greater awareness of global issues has impacted the opinions and expectations of the nation’s workforce,” said Peter O’Donnell, CEO of Unum.
Man versus machine: UK workers look to tech to outpace AI rivals, Unum finds
Business Wire online
Peter O’Donnell, CEO of Unum UK said: “Today’s major societal trends will have a very significant impact on UK business and the needs and expectations of the workforce. Workers of tomorrow are likely to be more willing to share personal data with employers to improve productivity, more conscious of their company’s ethos, and more demanding of workplace flexibility to fulfil personal obligations or lifelong learning goals.
Unum launches employee-paid benefits offering
Cover Magazine online
Unum is backing Benni, a service available to businesses which can provide staff with direct access to a range of benefits alongside existing employer-paid options. The solution, which allows working end users to choose, access and pay for their most preferred benefits, gives employers the opportunity to offer perks to employees without needing to fund them directly themselves. Benni is available either as a standalone solution or can be white-labelled to suit a company, via a platform which...
Unum launches flexible workplace benefits system
Financial Times Adviser online
The platform has a support team working behind it, communicating to employees about the benefit offering, educating employers and employees on how it works, how to make their choices and helping with signing up to benefits.
According to Peter O’Donnell, chief executive of Unum, as the UK workforce becomes increasingly flexible and diverse, a one-size-fits-all approach to benefits is "no longer an option".
Unum's rehab service got 90% of staff back to work
Financial Times Adviser online
As reported in FTAdviser, the 116-page report outlined plans to push more self-employed people into pensions as well as encouraging people to return to the same or similar job after a period of "prolonged ill-health".
Peter O’Donnell, chief executive of Unum UK, said: "GIP policies provide not just financial security but associated rehabilitation and support services, and we be believe they should be made available to more of the workers that need them most.
“The Government can take steps to making this happen by introducing tax incentives to encourage more businesses to support their employees and business through income protection cover.”
29% of group income protection claims are for cancer
Employee Benefits online
Peter O’Donnell, chief executive officer at Unum, said: “There are record numbers of women in work and this statement proves how valuable group income protection is throughout their careers. Almost a third of women claiming earn under £20,000 and more than 40% of women who make a mental health claim were under 40-years-old. More of our claims still come from older [employees] though, especially men over 50.