Former Paymentshield boss makes a return to broking

Tim Johnson, Broker Network

Stackhouse Poland has appointed former Paymentshield chief executive Tim Johnson as group chief executive.

Current managing director Jeremy Cary will move to the new role of group chairman.

Cary said: “I am delighted that Tim is joining Stackhouse Poland. We have known each other a long time and his experience of building businesses will be invaluable as we take advantage of the exciting opportunities that we have identified for the next phase of the group’s development.”

Johnson said: “I have admired Stackhouse Poland for a number of years and I was thrilled when the opportunity to join Jeremy and the team presented itself. It is already a great business and I am confident that we can continue to build the group both organically and through selective acquisitions in the specialist sectors it is admired for.”

Johnson worked at Towergate for 10 years and set up its acquisitive broking arm CCV, before taking the top job at Paymentshield in 2009. He left Towergate on 30 June.

Earlier this year Stackhouse Poland bought Liverpool based broker Coulter Hurst, bringing it close to £100m gross written premium.           

The broker was acquired by its management team, led by Cary, head of private clients James Agnew and sales and marketing director Keith Hester, in 2001.

It specialises in private client, commercial property, professional risks, corporate, charity and private medical insurance.