Breedon to leave L&G

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He took up the reins at L&G in January 2006 having previously been deputy group chief executive and group director for investments at the insurer.

Mr Breedon has been chairman of the Association of British Insurers since July 2010

The provider confirmed it would start looking for his successor in due course.

Mr Breedon commented: ""It has been an absolute privilege to lead Legal & General, but by the end of 2012 I will have completed 25 years' service with the company and will have been CEO for

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