Former Giles executive chairman is now non-executive director
Chris Giles (pictured) has been appointed non-executive director of Giles and Ink Underwriting’s ultimate holding company Expectrum.
The move comes as Giles, who was previously executive chairman, launches a new business venture in the US.
The new business, initially headquartered in Atlanta, Georgia, will be called Ink Underwriting LLP and will focus on wholesale broking and include a managing general agency proposition.
The company said in a statement it will be supporting Giles with the new venture.
Chris Giles said: “I brought in Brendan McManus 12 months ago who has put in place an experienced and extremely capable management team who will continue to drive the business forward.”
Giles will remain a “significant shareholder” in the firm and will keep his place on the board.
He added: “I am also delighted that I have secured their support for my new venture.”
Giles and Ink chief executive Brendan McManus said: “With Chris spending more of his time on his US interests this is a logical change to make.
“I will work hard with my management team to continue the upward progress of the business to the benefit of our customers, our loyal staff and our shareholders.”
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