The Association of Insurance and Risk Managers (Airmic) has announced that John Hurrell will step down as CEO of the trade body.
Hurrell will quit his position after serving for nine years at the helm. To ensure a smooth transition, he will remain in the post until his successor is in place.
Following his departure from Airmic, Hurrell will be spending more time with his family, although he hopes that he will remain engaged in the market in some capacity.
“I have had a wonderful innings at Airmic and am hugely grateful for the support I have received,” Hurrell said.
“Airmic has the most exciting business plan ever and fantastic support from its board, members and sponsors, but I feel the time is right for new leadership to take Airmic to the next stage on behalf of its members,” he added.
Hurrell became CEO in January 2008 following a career of almost 30 years in the Marsh
and McLennan Group of Companies. During his tenure, Airmic published ground-breaking research and promoted new ways to conduct insurance business, while working with the market to achieve the Insurance Act 2015.
Want the latest insurance industry news first? Sign up for our completely free newsletter service now.
Airmic chairman Clive Clarke said the association “has gone from strength to strength” under Hurrell’s leadership.
“John has done a huge amount to raise the profile and standards of the risk profession, and has also helped to influence the way commercial insurance is conducted in the UK,” Clarke said. “He leaves Airmic in an excellent position to continue its mission.”
Airmic will announce Hurrell’s successor in due time. The succession process will be led by Nick Hughes, a long-time board member and honorary secretary of the trade body.
The association has appointed an executive search firm and a small panel consisting of Hughes and the next two chairmen, Paul Goulding and Lynda Lucas, to oversee the succession process.
“John’s replacement will take over at a critical and exciting time for Airmic members,” Clarke said. “This is a hugely influential role, and we anticipate interest from people of the highest calibre.”
Generali CFO to leave company
Admiral Group chairman to retire
Aon group president to step down