Kevin Young of Worthing-based brokers Argyll Insurance has been selected chairman of the newly-formed action group for creditors of Independent Insurance.
Young heads a 10 member committee which represents the action group's several hundred policyholders, trade creditors, employee shareholders and other shareholders.
The group is being advised by law firm Class Law.
A preliminary meeting for creditors and shareholders of Independent has been called for July 2, at the Howard Hotel, Temple Place, The Strand in London at 3pm.
