The Market Reform Group (MRG), has announced that Dane Douetil, group chief executive of Brit Insurance, is its new chairman.
Douetil, an existing member of the MRG, is the second chairman of the group, established in 2000.
Douetil said, “The market has already made progress in many areas of the reform programme. The challenge now is to build on this momentum and deliver the real changes needed to reform the market.
"This will not only ensure that we meet the FSA contract certainty deadline, but will also enable market firms to realise the huge process and service benefits of a modern, efficient market.”
“We are on the right path, but we are not yet consistently at the levels either expected by customers or required by the regulator.
"The MRG will continue to play a crucial role in supporting and driving the market to achieve this. I am under no illusion that the task ahead of us remains enormous, but I take over the chair of the MRG with a passionate belief in the need for reform.”
On assuming the chairmanship of the MRG, Douetil will step down as chairman of Lloyd's Market Association (LMA) though he will remain a member of the board.
The MRG said the chairmanship will now be reviewed on an annual basis.
