Pearl names Sandler Chairman

Pearl Group Ltd., bought by Liberty Acquisition Holdings International Co. earlier this month, said Ron Sandler will become chairman. The company said assets under management declined in the first half.

Sandler is the first of several planned non-executive appointments as the insurer readies itself for a London listing later this year, Chief Executive Officer Jonathan Moss said today on a call with reporters. Assets under management fell 7 percent to 66 billion pounds ($108 billion) as of June 30, the London-based company said earlier in an e-mailed statement.