Ageas UK has today announced changes to its Executive leadership team, reinforcing its unwavering commitment to growth in the personal lines broker market as part of its new strategic cycle.
Leadership appointments:
Adam Beckett, Chief Distribution Officer since 2021, will assume the new role of Managing Director, Broker & Partnerships, responsible for overseeing the Profit & Loss (P&L) for the channel. In this position, Adam will be responsible for the continued growth and performance of Ageas’s broker and partnerships channel, which accounts for more than 80% of the company's current business income.
Tom Quirke, Chief Actuary, has been newly appointed to Ageas UK’s Executive Team as Chief Underwriting Officer. Tom will lead and oversee the Underwriting function, including pricing, fraud prevention, and reinsurance, as well as maintaining his Advance Analytics and Data Science team which together will further enhance Ageas’s data analytics capabilities. With over 14 years at Ageas, Tom has demonstrated exceptional leadership, strategic planning, and data-driven decision-making. His journey from Trainee Actuary to Chief Actuary in 2016 and his role in creating Ageas’s Data Science team in 2022, highlight his significant contributions.
These appointments support Ageas’s strategy to elevate its personal lines business through profitable growth in its chosen markets, while enhancing Ageas’s market-leading technical insurance capabilities and enabling a truly AI-first and data-driven organisation. The company aims to accelerate development in data, AI, and technology to drive growth across all business areas and ensure continued sustainable success in the UK.
Tom Quirke replaces Adam Clarke, who will take on the new role of Managing Director, Direct, focusing on driving organic growth in Ageas’s direct business.
Commitment to Brokers:
Commenting on the changes, Ant Middle, Ageas UK CEO, said: “At Ageas, we’re serious about growing in the UK personal lines market. Our strategy over the last few years has delivered a successful and competitive platform for the business, and now it’s time to heighten our ambition. And brokers remain at the heart of that ambition. We recognise the critical role that brokers play in our business, and we remain steadfast in our commitment to support their success in navigating the challenges and many opportunities in the personal lines market.
“With these organisational changes, and the exciting new appointments, Ageas UK is finetuning how we are organised to ensure we remain focussed on the things that matter as we embark on this new chapter for our business. At the heart of this is ensuring we are there for brokers day in, day out, sharing our expertise and maintaining our agility to respond.”
In September, Ageas also announced the appointment of Iain Belson who will work alongside Claire Green, both as Directors of Distribution, continuing to strengthen Ageas’s presence and expertise in the personal lines broker market.
Tom’s appointment as CUO is subject to the usual regulatory approvals and a recruitment programme is in progress to replace his role as Chief Actuary.