Ageas UK has today announced key appointments to support the growth of its Retail operations reporting into Retail Managing Director Andy Watson.
Andy continues to be responsible for leading Ageas UK’s Retail strategy through the overall expansion of Ageas’s Retail businesses – Kwik Fit Financial Services, RIAS and Ageas Insurance Solutions. These businesses will continue to focus on their core customer markets with separate management teams remaining in place to develop them.
In addition, a new role of Retail Commercial Director has been created to maximize the combined scale, expertise and activities of the Retail businesses. Brendan Devine, previously Managing Director of Kwik Fit Financial Services, has been appointed to this new role. Brendan, who has over 20 years experience in financial services, will be responsible for Retail commercial development and for supporting and managing Ageas UK’s Retail insurer, aggregator and affinity partner relationships. A team will be appointed to support Brendan in his new role.
June Lynch has been promoted to the position of Managing Director, Kwik Fit Financial Services. June has been Finance Director with the company for 11 years and has played a pivotal role in its successful growth. June will be responsible for leading and developing the Kwik Fit Financial Services business which includes Kwik Fit Insurance, Express Insurance and The Green Insurance Company and the executive team will report into her.
Jason Banwell will step up to the Managing Director role at Ageas Insurance Solutions, having previously been Finance and Operations Director at its Stoke-on-Trent site for 5 years. Jason has been a key part of the management team in successfully growing the business in recent years. With over 20 years experience in the financial services sector, Jason will lead the management team at Ageas Insurance Solutions who will report into him.
The new Managing Director appointments are subject to FSA approval.
Janet Connor remains Managing Director of RIAS, Ageas UK’s Retail over 50s insurance business. Under Janet, RIAS has made significant impact in the over 50s market developing profitable and compelling propositions for its target audiences. The RIAS executive team will continue to report into Janet.
The announcements reflect the increased scale of the combined Ageas UK Retail businesses, where income has doubled in size over the past 12 months through strong organic growth and the recent acquisition of Kwik Fit Financial Services. Together, the Retail businesses represent the fourth largest Personal lines broker in the UK. The move is part of the continuing success of Ageas UK’s multi-distribution strategy of working closely in partnership with distributors to meet customers’ insurance needs.
Commenting on the new appointments, Barry Smith CEO of Ageas UK said:
“Ageas UK’s Retail capability has grown significantly over the last year reflecting our desire to work in partnership with our clients to develop commercial opportunities which benefit both customers and our businesses. The appointments of Brendan, June and Jason are, together with Janet’s leadership, part of our continuing strategy to support our clients and customers while maximizing the scale and expertise we have across our Retail companies. It also demonstrates the considerable depth of talent we have in our management team to promote people of such high calibre into these roles.”
Andy Watson, Managing Director of Ageas UK Retail said:
“Ageas UK Retail goes from strength to strength and the new appointments will support our continuing growth. Brendan’s commercial expertise will be vital in developing the potential of our Retail businesses, building on their combined scale as well as continuing to work closely with our affinity and insurer partners for the benefit of customers. The promotions of June and Jason are also richly deserved and their considerable financial and commercial experience will help us take Kwik Fit Financial Services and Ageas Insurance Solutions to the next level.”