A clutch of senior directors, including chief executive Neil Pointon, have left PYV Limtied to join Howden.
Earlier this month Howden snapped up PYV's legal and IFA books. A number of staff joined Howden.
InsuranceTimes.co.uk can now confirm that the staff include chief executive Neil Pointon and directors Ian Boscoe, Lee Chapman, Robert Bass and Steven Clews. They have all resigned their directorships to join PYV.
The staff additions will effectively leave PYV Limited as a shell company, a Howden spokesman confirmed.
The new staff additions will bolster Hyperion, which is the parent company of Howden, in the run up to its flotation in mid-2012.
In February, Hyperion reported a "significant expansion" into Asia through its acquisition of a 75% stake in Accette Group.
In 2010, Hyperion’s earnings before interest, tax, depreciation and amortisation (EBITDA) increased 41% to £12m from £8.5m, while profit before tax rose to £6.9m from £3.8m (2009).
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