As announced in January, François-Xavier Boisseau will become CEO of Insurance, covering Ageas’ wholly owned Non-Life insurance businesses Ageas Insurance Limited and Groupama Insurances, leading Ageas’ core capabilities in Underwriting, Pricing and Claims. His team will include Adam Clarke, Underwriting Director; Rob Smale, Claims Director; Jeff Grosvenor, IT Director; Niraj Shah, Chief Actuary; Paul Cann, Director of HR & Development; and Helen Pickford, Finance Director. Roy Sampson, currently Finance Director of Groupama Insurances will remain in post during 2013 to support the transition process. Laurent Matras, Managing Director of Groupama Insurances, will leave the business on 31 March 2013, with his current responsibilities being allocated across the team.
On announcing his team, François-Xavier Boisseau said:
“We want to provide certainty and continuity and it is therefore very pleasing that we are able to announce a team that has many years of experience supporting the Non-Life business from both Ageas and Groupama. I look forward to working with them to continue to deliver for our brokers, partners and clients and to take the business to the next stage of our development. I would particularly like to thank Laurent Matras for his very significant contribution to Groupama over a number of years and wish him well for the future.”
Mark Cliff, as CEO of Ageas Retail and Distribution in the UK, will be responsible for all of Ageas UK’s broker distribution and affinity relationships as well as Ageas’s owned distribution businesses comprising Kwik Fit Financial Services, Ageas Insurance Solutions, RIAS and Castle Cover. This will bring Ageas’s distribution activity together under a single leadership team from the beginning of April.
The current Managing Directors of the Retail businesses will report to Mark including June Lynch, MD of Kwik Fit Financial Services; Peter Corfield, MD of RIAS and Castle Cover and Jason Banwell, MD of Ageas Insurance Solutions. In addition, Retail Finance Director, Nick Lemans; Director of Partnerships, Ian Wardle; and Distribution Director, Chris Dobson will also report to Mark. Tony Way, Director of Aggregator and Product will report into Nick Lemans.
Following the reorganisation, the activities under the Retail Commercial Director and Director of Insurer Relations will be delivered within the Retail businesses with Brendan Devine and Stevie Sutherland leaving the business from the end of March 2013.
Mark Cliff commented:
“Ageas prides itself on focusing on its brokers, partners and customers and bringing all our distribution into one place allows us to further develop our relationships with them. I’m delighted that we have a team of experienced leaders from within the company to continue to support our clients. As we integrate the Retail Commercial activities within the business, I would like to thank Brendan and Stevie for their contributions.”
It is also confirmed that the Groupama Insurances brand will be phased out by the end of 2013. This is an obligation of the sale of Groupama Insurances to Ageas given that the Groupama brand is owned by Groupama SA based in Paris. Ageas will also be seeking FSA and Court approval through a Part VII Transfer to integrate Groupama Insurances into Ageas Insurance Limited during the course of 2013. Ageas will work closely with the Court and FSA to ensure a smooth transition. Ageas’s wide range of products including the Optima, Exclusively and Ageas Insurance propositions will continue to be available both during and after the integration process, offering brokers continuity and increased choice.
Ageas UK is a leading provider of award-winning Personal, Commercial and Protection insurance solutions in the UK. Ageas UK distributes both its Non-Life and Life products through a range of channels including brokers, IFAs, intermediaries, affinity partners and the Internet, as well as through its retail strategy and its wholly or partially-owned companies (Groupama Insurance Company Limited, Ageas Insurance Solutions, Castle Cover, Kwik Fit Financial Services, RIAS and Tesco Underwriting). Insuring around nine million customers and working with a range of partners, Ageas is recognised for delivering consistent and high-quality customer experiences. It employs over 6,000 people with offices based across the UK.
Ageas is an international insurance company with a heritage spanning more than 180 years. Ranked among the top 20 insurance companies in Europe, Ageas has chosen to concentrate its business activities in Europe and Asia, which together make up the largest share of the global insurance market. These are grouped around four segments: Belgium, United Kingdom, Continental Europe and Asia and served through a combination of wholly owned subsidiaries and partnerships with strong financial institutions and key distributors around the world. Ageas operates successful partnerships in Belgium, UK, Luxembourg, Italy, Portugal, Turkey, China, Malaysia, India and Thailand and has subsidiaries in France, Hong Kong and UK. It is the market leader in Belgium for individual life and employee benefits, as well as a leading non-life player, through AG Insurance, and in the UK, it has a strong presence as the fourth largest player in private car insurance and the over 50’s market. It employs more than 13,000 people and has annual inflows of more than EUR 17 billion.