Former FSA director had been on broking group’s board for three years
Towergate is seeking a new non-executive director following the departure of James Strachan from the board at the end of September.
He notified the broking group in July that he would not be seeking re-appointment to the board when his three-year term came to an end.
Strachan joined Towergate in November 2011 as a non-executive director and chairman of the broker’s group risk and compliance committee.
He was previously a non-executive director at the FSA.
A Towergate spokeswoman told Insurance Times: “James announced in July that he would not be seeking re-appointment at the end of his three year term, which concluded at the end of September.
“We have an external search running but we would expect to bring this to a conclusion once the current process is further down the road.”