Departure to ‘pursue new opportunities’ after four years
Covéa personal lines director Colin Batabyal has resigned from the insurer.
Batabyal joined the company as underwriting director of MMA Insurance in 2010, and became personal lines director when Covéa Insurance was created in 2012.
The insurer said he had left to pursue new opportunities, and it has not yet named his replacement.
Chief executive James Reader said: “I’d like to take this opportunity to express my thanks to Colin for his valuable contribution to our business during his time with us and for the support he has given me through an exciting period as we have created Covéa Insurance. We wish him the very best for the future.”
Covéa’s gross written premium fell by 17% to £385.8m last year as it pulled back from personal motor lines, citing an unjustified drop in market rates compared to the modest savings in claims costs from legal reforms.
However the profitability of its personal lines motor and homes business improved.