There will be changes up top at specialist motor insurance syndicate ERS.
The Aquiline-backed firm has unveiled an executive shake-up involving the chief financial officer, chief risk officer, and claims director posts. First off, CFO Katie Wade has decided to be away from the corporate world for a while.
Wade’s departure will see CRO Ryan Warren assume her role, subject to regulatory approval. Replacing Warren is key recruit Henry Johnson, whose credentials include time spent as chief actuary at Lloyd’s of London.
“I’m thrilled that Ryan is to continue to develop and contribute to ERS in the CFO role,” commented chief executive Ian Parker.
“Of course, it will be strange not to have Katie alongside me as she has been through the last six years as we transformed and turned around ERS. Once she has finished travelling, I expect she will quickly return to the market and I look forward to hearing about her next opportunity.”
In addition, Parker is pleased to see familiar faces.
“I am also excited about working once again with Henry Johnson, although this time as a colleague,” said the CEO. “When Henry was at Lloyd’s, I always had a tremendous amount of respect for his knowledge and experience and he will be able to bring both of those attributes to ERS.
“For Henry to come out of retirement speaks volumes about his assessment of ERS’ prospects and the role he can play as part of the executive team to bring our plans to fruition.”
Meanwhile, ERS alumnus Peter Smith has made a comeback to serve as claims director, succeeding Gary Barker who has moved to the AA in the same capacity. Smith, who first came onboard in 2008 and returns from a 12-month hiatus, will also become a director of Syndicate 218 managing agent ERS SML.
Commenting on the development, Parker stated: “Lastly, I’m delighted that Peter has agreed to re-join the ERS executive team to lead our claims and counter-fraud functions. The world-class claims function we have today is down to Peter, the team he created, and the work they completed.
“Peter re-joins now we are in ‘run mode’, but there’s still so much more to be done. I can’t think of a better person to continue to drive our performance and respond to the dynamic changes the market has to continually deal with.”