Professional Indemnity broker boss quits after five years at the helm

Prime Professions chief executive and co-founder Tony Blyfield has stepped down after five years at the helm, Insurance Times has learnt.

Blyfield will be replaced in the short-term by Tim Smyth, chief executive of Primary Group, the broker’s backers.

Finance director, Felicia Meyerowitz, has also left. Her position has been filled, with an announcement expected shortly.

Blyfield said: "It has been a great privilege to have been part of the success story that is Prime Professions. Having worked with many of my colleagues for a long time, I wish them every success in the future and look forward to watching them continue to go from strength to strength."

Blyfield set up the business with 23 other employees who left Alexander Forbes in 2005. Forbes, which was bought by Lockton International, subsequently took legal action relating to alleged breaches of restraint of trade agreements, which were denied. The matter was later settled.

Smyth said: "Under Tony's leadership Prime has achieved great things in a short space of time. We are grateful to Tony for all that he has done and we wish him well for the future."

For more read next week’s issue of Insurance Times.