esure founder steps down as chairman

Written by Adam Cadle

30/03/2020

esure Group has announced that its founder Peter Wood is to step down as chairman and will be succeeded by Andy Haste.

Wood’s decision to step down from his role comes as the company finishes its transition into the private sector following its acquisition by Bain Capital.

Haste currently serves as the senior independent deputy chairman of Lloyds of London where he chairs its remuneration committee, investment committee, technology and transformation committee, and capacity transfer panel. He is also a member of the Lloyd’s nominations and governance committee.

He has over 35 years’ experience in financial services and is a highly regarded director holding several non-executive roles serving as a chairman, deputy chair, board level committee chair and senior independent director at a range of high-profile and regulated organisations.

His previous roles include chairman of Wonga Group, senior independent director of ITV, group chief executive of RSA Insurance Group, chief executive of AXA Sun Life and executive director AXA UK. He was also a member of the board of the Association of British Insurers from 2003 to 2011 and a visiting fellow at the Oxford University Centre for Corporate Reputation between 2008 and 2019.

Wood said: ”Having founded seven insurers in the UK, the US and Spain, it has been a particular privilege to have founded and guided esure over the past 20 years, creating a great company that I hope and believe will thrive under its new ownership. Following the change in ownership and establishment of a permanent chief executive in David McMillan, I’ve decided that now is the right time for me to hand over the chairmanship and scale back my responsibilities within esure, allowing me more time to spend on my other interests including GoCompare, Pikl and my property interests."

Related Articles