Cobra Network boss joins Acrisure as UK retail chief executive

Acrisure has appointed Cobra Network boss Andy Tedstone as chief executive of its UK retail business, effective from April 2027.

Tedstone will join from PIB Group, where he has served as chief executive for Cobra Network since July 2019, and will be responsible for driving the next phase of Acrisure UK Retail’s development.

Prior to leading Cobra Network, Tedstone was broking and placement director for PIB Group and has also held senior leadership positions at Gallagher and Jelf Group.

He currently serves on Biba’s main board and chairs its networks and MGA advisory board, while also sitting on the board of Insurance United Against Dementia.

Growth plans

Acrisure UK Retail entered the market in 2022 and now employs more than 800 people across the UK, with operations including Acrisure UK Broking, Eleven Network and MGA Sutton Specialist Risks.

Jason Howard, president of international insurance solutions and global markets for Acrisure, said: “Tedstone is a highly respected leader with deep experience of the UK insurance market and a strong track record of building successful businesses.

“As we continue to invest in our retail proposition and expand our presence across the UK, Tedstone’s leadership, market expertise and focus on client outcomes will be invaluable.”

Tedstone added: “I’m delighted to be joining Acrisure at such an exciting time in its journey.

“Having spent my career in insurance broking, I know that sustainable success comes from great people, strong relationships and a relentless focus on clients.”

Andrew Boyce, who has led Acrisure UK Retail as interim chief executive during a period of transition, will return to his role as executive vice-president for Acrisure International, where he will continue to support the firm’s international growth strategy.