There is considerable work for us to do,’ says chief executive

Placing Platform Limited (PPL) has restructured its senior management team as it set out its new long-term plans.

In a statement released yesterday (31 July 2023), PPL said its new strategy would focus on headless application processing interface (API) operation, Blueprint II integration and data first trading.

It added that restructuring its senior management team would ”ensure that the business is configured correctly to meet its long-term strategy”.

As part of the move, Colin O’Malley has been appointed as chief operating officer – he will be responsible for operations, market engagement and adoption, training, service delivery and customer satisfaction. 

He was previously the firm’s head of operations for five years and prior to this also held several senior roles at Hiscox, including interim head of IT for the London market.

Meanwhile, Amit Arora will become PPL’s new chief commercial officer, which will see him be responsible for finance, legal, sourcing, procurement, risk and governance.

Arora previously worked at London Insurance Market Operations and Strategic Sourcing as head of sourcing for more than two years.

Between July 2012 and November 2015, Arora was also sourcing director at Aon.

Other appointments

In addition to the c-suite appointments, two other senior management staff moves have been made.

This includes Tanya Duckworth, who has worked at PPL since May 2021, becoming director of channels and partnerships.

This will see her be responsible for the PPL partnership strategy, integrated planning with vendors and market firms and PPL’s early adopter programmes.

Meanwhile, Andy Woolley, who has worked at PPL for nearly eight years, was made director of product and placement.

He will be responsible for ensuring PPL’s product set delivers the optimal business functionality for the market. 

New platform

The appointments came following the launch of PPL’s Next Gen platform in March 2023.

PPL, which is part of Lloyd’s of London’s Future at Lloyd’s strategy, is an electronic platform that aims to support flexible negotiation and faster placement for the London insurance market.

Market adoption of its new platform is now proceeding.

Joe Gordon, chief executive of PPL, said: “We decided to reconfigure our senior management team to ensure that we have the right focus to deliver on our digital agenda.

”There is considerable work for us to do, but with the launch and market adoption of Next Gen soon to be behind us, it is time to pivot to accelerating achievement of APIs, CDR integration and data first trading.

”Congratulations to the team on their well-deserved appointments, which come on the back of the huge amount of work that they have delivered to get us to this exciting point in our evolution.”

PPL will also begin recruiting for two new roles, including a chief information officer and head of brand and communications.