Richard Ward will move to Ardonagh from his position as chairman at Brit Insurance
Ardonagh has today announced the appointment of ex-Lloyd’s of London chief executive Richard Ward.
Ward was appointed chairman of Lloyd’s syndicate, Brit Insurance in 2014. He will step down as a senior independent director in September to take the role of executive chairman of specialty & international and MGA with Ardonagh.
The specialty & international segment is comprised of Bishopsgate and Price Forbes (previously collectively the wholesale segment), with the MGA segment encompassing all of Ardonagh’s MGA activities.
Ward will join the Group on 10 September 2018.
Ardonagh chairman John Tiner said: “Richard’s career speaks for itself; he has exceptional pedigree and will bring unrivalled expertise to the Ardonagh Group executive. The board and all the shareholders are delighted to welcome him to the team.”
Ward was chief executive of Lloyd’s from 2006 to 2013. In 2014 he was appointed chairman of Brit.
In June 2014 he was appointed executive chairman of Cunningham Lindsey. He completed the sale of Cunningham Lindsey to Sedgwick earlier this year following which he relinquished his role.
On taking the role, Ward said: “Spending time with the Ardonagh team has given me the chance to really understand the unique position the Group holds in the industry, having built an unrivalled stable of a market leading brands and businesses.
”The arrival of this high profile, diverse portfolio continues to generate interest from across the globe nearly twelve months after its creation. This makes for a captivating, personal opportunity which I am very much looking forward to.”
And Ardonagh chief executive David Ross said this appointment marked another milestone for the Group.
Ross said: “I have worked with Richard in many guises over the past decade and to be able to now call him a colleague is a great moment for us all.
“The perfect cultural fit, Richard will become an integral part of a cohesive, highly skilled executive team.
“His presence across the MGA and specialty & international segments can only add substantially to our ability to both create and capitalise on future growth opportunities.
“Under his leadership, one can only feel genuinely excited by what’s to come.”
The appointment is subject to FCA approval.