Group CEO departs Charles Taylor in management shake-up

Insurance services firm Charles Taylor has made several changes to its board and executive committee following the departure of group CEO David Marock who has held the position for the last nine years.

Marock has decided to leave Charles Taylor. The company's board has initiated a search, led by Edward Creasy, to find a permanent group CEO.

Until the search is completed, Creasy will serve as executive chairman for the group, from non-executive director, where he had previously served. Creasy has had a 42-year career in the London insurance market and Lloyd's, having worked at Charles Taylor for six years, becoming group chairman in 2015. He is currently a director of WR Berkley Syndicate and deputy chairman of WR Berkley Syndicate Management.

Additionally, Tamer Ozmen, former senior director at Microsoft, has re-joined the Charles Taylor board, and Richard Yerbury has been promoted to group chief operating officer. The move is intended to accelerate the company’s next phase of growth in the next few years.

Creasy said: “The services we provide, how clients interact with us and the Charles Taylor experience has never been more important. Working together with our partners, Lovell Minnick, it is our intention to build and expand on what has been achieved under David’s leadership, by continuing to grow our distinctive market position as the provider of professional services and technology solutions supporting every stage of the insurance lifecycle and every aspect of the insurance operating model.”

“This was a most difficult decision," said Marock. "I am grateful for having had the privilege to lead the organisation. I am particularly proud that together we have made it a great place to work, one that has flourished into a vibrant, client-focused, entrepreneurial, and much enlarged, successful business. At the same time, after so many years of intensive focus, I feel a strong need to have time to recharge fully, reflect, and ultimately decide on the next stage of my career.”

Creasy added: “Over the past nine years, David has done an excellent job in the successful transformation of Charles Taylor and has proven himself to be a dedicated, adept and inspiring leader in building the business. Under his leadership, Charles Taylor has grown substantially on numerous fronts, just as important, we have developed a reputation as being one of the best companies to work for in the global insurance market. We are sad to see him go, and wish him all the best in his future endeavours.”