South West broker's chairman steps down

West Country insurance broker Walker Persson & Spargo (WPS) has announced that its chairman Richard Persson has stepped down.

Persson, who left the broker at the end of June, co-founded the business in 1968.

He is a former president of the Insurance Institute of Plymouth, chairman of the Western region of Biba and was a director of the main Biba board.

Plymouth-based WPS currently employs 40 staff.