MGA announces leadership changes after receiving investment

Construction MGA Phoenix Specialty has appointed Andrew Charlton as its new managing director.

Charlton will succeed Tim James, who is taking up the position of chief executive at Phoenix Global, which oversees international partnerships operating in the construction and engineering sector.

The leadership changes come following strategic investments from Vector Investment Capital Holdings and Acies MGU in both talent and business development.

Phoenix Specialty felt the moves “position it as a market leader in construction and engineering insurance”.

Charlton joins from construction and engineering underwriting firm Consort, which he helped establish 25 years ago.

The appointee will look to maintain Phoenix Specialty’s relationship with the firm in his new role, as well as help lead the MGA.

Phoenix Specialty felt that his “leadership, expertise and vision make him ideally positioned to steer the business during this exciting phase of transformation and growth”.

Mark Heath, chief executive at Acies MGU and board director at Vector Investment Capital, said: “We are thrilled to welcome Charlton to Phoenix Specialty.

“His leadership, industry and technical expertise will be invaluable as we continue to grow and innovate.”

James’ role

Meanwhile, James will oversee the broader strategic direction of the business in his new role, focusing on expanding its product offering for the construction sector and overseas expansion.

He will also continue to contribute as a group board adviser to Vector Investment Capital.

Heath said: “I want to thank James for his outstanding leadership as managing director and look forward to his continued impact as chief executive at Phoenix Global.”