Ageas UK CEO Watson to step down after 10 years; successor revealed

Ageas UK chief executive Andy Watson is stepping down from his role after 10 years with the insurance group. He will be succeeded by Ant Middle, currently chief customer officer of Ageas UK.

Watson is leaving the role to further his academic education and take up some non-executive roles. He joined Ageas in 2010 as managing director of its retail arm and became CEO for Ageas UK in 2013.

Ageas said Watson has seen the business through significant change, while operating in one of the most competitive insurance markets, and maintaining a significant presence in the broker and intermediated market. He will remain with the business until the end of June to ensure a smooth handover to Middle.

Subject to regulatory approval, Middle will take over as CEO from June 2020. Middle joined Ageas as managing director of partnerships in 2014. He is said to have played a pivotal role in the development of Ageas’s relationships in the broker and intermediated market, as well as overseeing the launch of Ageas as a direct brand.

“We welcome Ant Middle to the position of CEO. With Ant, we have appointed a leader with a broad background and knowledge of the industry, combined with strong and established industry relationships with brokers and partners. His significant leadership experience and passion for the business means he is well positioned to drive the business forward and navigate the opportunities and challenges facing the UK insurance market," said Bart De Smet, CEO of Ageas Group.

He added: “We are incredibly grateful to Andy for his commitment to our UK business over the last 10 years, in what have been very challenging market conditions. While we regret to see Andy leave, we recognise the significant contribution he has made to the business and the industry as a whole. He leaves the business with our best wishes for his future endeavours.”

Watson said: “It has been a privilege to be at the head of Ageas UK for over seven years. During my tenure, I have been fortunate to enjoy the support of the Board, the senior team and, indeed, all colleagues, and that support has always been valued and very much appreciated.

“Together, we have progressed the business, implemented huge amounts of change, and ensured that Ageas UK continues to compete hard, in one of the most competitive insurance markets in the world. The intermediated channel continues to be, by some way, our biggest, and I want also to acknowledge the support of our brokers and other trading partners.”

Middle added: “I’m delighted to succeed Andy and to lead Ageas in the UK. It’s a business that I’m passionate about, and the last few weeks in particular have underlined why. The care and commitment our people show is what makes Ageas stand out, and I am proud to be taking over a business that is so dedicated to delivering for our customers, our brokers and partners, our shareholders and each other.”