Ex-Towergate finance director will oversee acquisition activity

Tim Philip Bluefin

Bluefin has appointed Tim Philip to the newly created role of chief operating officer.

Philip, who joined Bluefin as interim chief financial officer in April 2013, will take up his new position immediately, reporting to Bluefin chief executive Mike Bruce.

The role will see Philip retain responsibility for finance while also overseeing acquisitions, HR, property and estates, IT and legal operations at Bluefin.

Before joining Bluefin, Philip spent 10 years at Towergate Insurance as group finance director. During his tenure he managed more than 200 acquisitions and oversaw the group’s financial transactions, up to £1bn. He has also held senior positions at Benfield Group, Heath Lambert and PwC.

Philip said he was pleased to be taking up the new post: “Stuart [Reid, Bluefin executive chairman] and Mike have ambitious plans for further organic growth, acquisitions and the new MGA proposition. It is an exciting time to be part of the company and I look forward to helping implement their business strategy and building upon the progress that has already been made.”

Bluefin chief executive Mike Bruce said: “Tim is an exceptional hire and brings with him a wealth of experience and a proven track record in the market. He will play an integral role in ensuring that our structure is fully aligned with our business strategy and plans for growth. I look forward to working with him.”