Lloyd’s insurer Marketform’s chief steps down

Lloyd’s insurer Marketform’s chief executive Simon Turner has stepped down for personal reasons.

Turner has relinquished his roles as director and chief executive of Marketform Managing Agency and director of Marketform Limited.

Chief operating officer John O’Neill has taken over as interim chief executive.

“In order to focus on the continuing recovery of Simon’s wife, Holly Bellingham, and due to the ongoing needs of Marketform, Simon took the decision after some leave of absence to resign these positions in the best interests of the company, and thus enable him to now give his full attention to matters at home,” O’Neill said in a statement.

Turner remains on the board of Marketform Group Limited and other group companies. He will also continue to be a shareholder of Marketform Group Limited.

“While my thoughts go out to Simon and Holly, I am honoured to take on this role at Marketform,” O’Neill added. “Working with Simon Lotter, our chief underwriting officer, John Mumford, our non-executive chairman and other members of senior management, our key focus will be on leading the company to deliver on our goals of profitability and delivery of our business plan.”