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ECIC and ECIS Confirm CEO Appointments


Richard Forrest Smith and Paul Guiry Take Leadership Positions


EC Insurance Group of companies have confirmed the appointments of new CEOs for their two insurance subsidiaries: ECIC, an insurance company focused on specialist contractors insurances and  dedicated insurance schemes for Affinity Groups; and ECIS an intermediary specialising in employee benefit programmes for large affinity groups.


Subject to regulatory approval, Richard Forrest Smith has been appointed Chief Executive Officer of ECIC, whilst continuing his previous role as Chief Underwriting Officer. Richard has over 30 years’ experience in insurance, and was one of the team that set up the General Insurance underwriting division of ECIC.


Paul Guiry takes up the role of Chief Executive Officer for ECIS whilst continuing his current role as Chief Financial Officer for both ECIC and ECIS.  Paul has extensive experience within insurance, and a 30 year career including a number of senior level finance and general management roles.


The decision to separate the roles was taken after a full review of the operating models of both organisations which found this structure will best serve the interests of both ECIC and ECIS.  After an interview process involving strong external candidates, it was evident that the requisite skills and industry experience already existed in the business and, therefore, the decision was made to promote from within.  Both Richard and Paul have been in interim CEO positions since April.


Garry Fearn, Chairman of EC Insurance Group, said:


“We are delighted to announce Richard and Paul’s promotions and wish them every success in their new roles as they continue to develop our insurance businesses. Both Richard and Paul have highly relevant experience in the insurance and finance markets, as well as a deep understanding of the ECIC and ECIS businesses, making them ideally suited to lead the two companies.


Having just celebrated 40 years of ECIC in June 2016, and with the business in excellent shape, this is an exciting time for the Group.  We remained focused on enhancing the strength of our sales and underwriting capabilities to ensure we can continue to support our customers across the specialist trade sectors we serve.”


Ends


 

ECIC media contacts

For further information please contact the ECIC Press Office at HSL:  Alison Reeson/Clare Watson.  0208 977 9132.  ECIC@harrisonsadler.com



ECIC is a trading name of Markel International Insurance Company Limited, whose ultimate holding company is Markel Corporation.

                

Markel International Insurance Company Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Financial Services Register No.: 202570). 

Registered Office: 20 Fenchurch Street, London EC3M 3AZ. Company Number: 00966670. 

 

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