Financial lines MGA Spring Insure plucks London broker for CEO post

Specialist financial and commercial lines MGA Spring Insure mined a London insurance broker in the search for a new CEO, picking up a guru in P&I, crime, D&O and cyber with a background in fintech.

Tristan Sargeaunt steps up to become Spring Insure group CEO from a post as managing director at Protean Risk where he supervised the financial services sector.

Sargeaunt steps in for co-founder Nathan Sewell, who helped launch the MGA in November 2020 and oversaw the launch of a European division in Dublin, several acquisitions and organic growth in the interim. Sewell remains at Spring Insure as a board director.

Growth plans include a build-out of product lines and new hires to the specialist underwriter team.

Newly appointed CEO Tristan Sargeaunt commented: “Spring Insure is such an exciting MGA. I love the firm’s culture and entrepreneurial drive and it’s great to be joining such a highly experienced and successful team. We have ambitious plans for 2023, expanding our product lines and exploring new underwriting opportunities to meet the needs of our brokers. With the constant evolution of technology in commerce, we are discovering new risks year on year and, given Spring’s agility and dynamism, we are quick to respond with innovative underwriting to suit.

“We will also be adding to our team of experts in 2023, recruiting insurance specialists from both broker and insurer backgrounds, which is where Spring Insure sets itself apart from the rest of the market. Our diverse team can successfully cater to the needs of brokers and insurers because we have knowledge and experience of both.”

Co-founder Nathan Sewell added: “Tristan is the consummate professional and well-respected in the industry. I feel proud to be handing the reins to him. With his experience of building new teams and moving into new markets, I know he’s the perfect person to take Spring Insure to the next stage of its development.”

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