Seasoned insurance boss Stuart Reid is back in action, taking on his first role after leaving a major broker in 2016.
Reid, whose credentials include time spent co-founding Stuart Alexander in 1993 and serving as executive chair of Bluefin two decades later, most recently was UK Retail chief executive of Gallagher’s international brokerage operation.
Now Reid is coming onboard sharing economy insurance specialist Pikl in his capacity as chairman.
“Being at the forefront of innovation in our industry is where I love to be and, with Pikl’s innovative products and approach to a new and blossoming market, I cannot wait to get started,” he stated. “Without doubt, Pikl has identified a clear gap in the market.
“It not only has superb commercial potential but will also make a real difference to the millions of people who rent out their rooms, whole properties, or even car parking spaces, effectively ringfencing the valuable income they receive from the risk of theft, damage, or liability.”
Meanwhile Pikl CEO and founder Louise Birritteri called Reid’s arrival “a fantastic coup” and another significant step in the rapid growth of the intermediary as it scales up.
Birritteri noted: “I have known him for many years and believe he will bring so much experience to the board role, in helping to formulate and execute our strategy and obviously to take full advantage of his many industry contacts built up over his 30-plus years in the industry.”
According to Reid, his main business focus for the next 12 months is to provide a link between the board and the senior management to ensure that Pikl’s strategy is carried out successfully. “This is a business with huge potential and any part I can play in realising that potential is something I am excited to start,” he added.
