Mike Monaghan steps down as chief executive of Capita-owned MVRA

Mike Monaghan, the chief executive of accident management specialist MVRA is to stand down.

MVRA was acquire by Capita in 2007. In a statement Capita Insurance Services said: "Since its acquisition, Mike has been instrumental in overseeing the transition of MVRA and its integration into the Capita Group. He is to be retained by Capita in a consulting role while being able to offer his knowledge and skills to the wider industry."

A spokesperson for Capita Insurance Services said: “We are grateful to Mike for his hard work and shall continue to benefit from his industry knowledge and expertise going forward."