The chief executive of troubled insurer GoshawK Chris Fagan resigned this week.

His is the second head to roll at GoshawK, which was forced out of the Lloyd's market after running up huge losses on its legal expense and viatical books.

Chairman David Hooker announced his resignation in September. He was replaced by Paul Spencer, formerly of Royal & SunAlliance, who becomes part-time executive chairman.

GoshawK will now focus entirely on its Bermuda-based reinsurance operations.
Spencer said the company would keep a "minimal head office team" in London.
Andrew Gammell, the group's underwriting director, followed Fagan in stepping down from the board, but will stay on to help run-off GoshawK's failed Syndicate 102.

Russell Brooke, chief executive and chief underwriting officer of GoshawK Re, the group's Bermuda business, steps up to the board.

Finance director Andrew Castell will manage the company's London operations.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.