14 March 2017Insurance

Tysers, HBH CEO steps down; search for successor begins

Chris Elliott, the group chief executive officer (CEO) of Lloyd's broker Tysers and staff-owned broker Hawkes Bay Holdings, has stepped down from the position with immediate effect.

Elliott has resigned for personal reasons after 11 years in the role, the company said in a statement. He will remain an active member of the boards of HBH and Tysers, offering his expertise on strategy and business development.

Elliott will be succeeded as interim CEO by the current chairman of HBH and Tysers Christopher Spratt.

Spratt has been with the company for over 40 years, having served as the group chairman since August 2007. Prior to that, he was the group joint managing director, and was previously involved in the development of group’s marine portfolio.

"The search for Mr Elliott’s permanent replacement is already underway and a further announcement on the future senior management team at HBH and Tysers will be made in due course," said Stuart Blakeborough, group chief operating officer.

Spratt commented: "The board wish to place on record their sincere thanks to Chris for his many years of dedicated service as CEO of HBH and Tysers and we look forward to continuing to work with him as he assumes his new responsibilities on the boards of HBH and Tysers."

Today’s top stories

Lancashire is ready for an upturn in rates, confirm chairman and CEO

China regulator forces in deposit system; questions credit agencies

Hurricane Matthew dents in Oxbridge Re’s 2016 results

Departure forces Allianz Global Corporate to appoint new global cyber head

Did you enjoy reading this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
13 December 2017   Lloyd’s insurance broker Tysers has acquired the London-based commercial lines business of Cosmos Services, Hong Kong, a subsidiary of the Japanese global trading firm ITOCHU Corporation.
Insurance
13 March 2017   Hong Kong-based pan-Asian life insurance group AIA has announced that its group CEO and president Mark Tucker is set to retire from his executive positions with the company and its subsidiaries.
Insurance
9 March 2017   American International Group (AIG) has been forced to embark on a search for a new chief executive after its current leader revealed he intends to resign.