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ERS appoints new group CEO and group CFO

ERS appoints new group CEO and group CFO | Insurance Business UK

ERS appoints new group CEO and group CFO

Specialist motor insurer ERS DGB (ERS) has today announced the appointment of Peter Bilsby (pictured) as group CEO, subject to regulatory requirements. Bilsby will work alongside Ian Parker from November 01, 2020, to ensure a smooth transition with the aim of taking over the full role as soon as possible.

Bilsby joins from AIG where he was global head of specialty and served as a member of AIG’s international leadership team, and was previously CEO of Talbot and head of the insurance segment of Validus group.

In addition, ERS has welcomed Richard Hextall to the newly created role of group chief financial officer which will see him undertake his activities at group holding company level.

To complete the succession of announcements, ERS has revealed its plans to expand its core business, which will involve building on its existing platform to enter specialist commercial insurance lines, while keeping its focus on motor insurance. News on specific product lines and additional hires will be revealed in due course.

Read more: ERS posts record profit since purchase by Aquiline

Jeff Greenberg, chairman and CEO of Aquiline and chairman of ERS DGB, said: “ERS is uniquely positioned to benefit from the significant dislocation we are seeing in the market by leveraging its team of top-tier executives, married with the strength of the existing ERS platform. We are delighted to welcome Peter Bilsby to lead the firm into its next stage of growth, bringing unrivalled experience in our key target markets.

“The board and I would like to express our thanks to Ian. Not many CEOs could have overseen and delivered such a significant transformation. We are enormously grateful and wish him all the best in future endeavours.”

In a press statement, Bilsby said he was honoured to be given the opportunity to take ERS into the next phase of its evolution and to have the chance to work with Aquiline again. He also noted his thanks to Parker and his team for their “extraordinary” efforts which have placed ERS in a strong position for growth.

Meanwhile, Parker commented: “After seven years at ERS, I’ve achieved what I set out to do and will be leaving ERS in the strongest position it has ever been in. There are too many people to thank, but I would like to thank Aquiline, without whom ERS would not be here today. I am confident that the next chapter for ERS will see the company go from strength to strength and I look forward to handing over to Peter.”