It was back in December last year that the surprise news broke that then Broker Network CEO Andy Fairchild was to leave his role. Now, his next destination has been revealed.
Jensten Group, which comprises of online wholesaler Policyfast, specialist insurance underwriter City Underwriters and franchise network Coversure Insurance Services, has today announced that Fairchild will take up the role of retail managing director from July 08 this year, subject to regulatory approval.
Having led an expansive strategy at Broker Network, Fairchild will now look at opportunities for both organic growth and growth through acquisitions for his new firm.
“I am delighted to be joining Jensten Group,” he said. “It has been a business that I’ve watched with interest for some time. It has a unique combination of the existing retail franchise network and an impressive product capability in the form of the wholesale and Lloyd’s coverholder operation.
“Last year’s MBO and new ownership structure has clearly given the group a strong desire to deliver both organic growth and growth through acquisition. The shareholders and the existing management team clearly have a desire to build an operation with long-term credibility and real stature in the UK marketplace.
“I am delighted to have the opportunity to play a leadership role in this journey.”
The group described the former COO of AXA and MD of Footman James as having an impressive track record and being a “significant hire.”
“We are delighted to welcome Andy to the senior management team, he has an impressive track record and reputation for driving growth,” said CEO of Jensten Group Bob Darling. “He has the skills and experience to drive our business and extend our proposition. In addition, he has demonstrated aligned values that work well within our business and support independent brokers and their acquisition drive.”