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- Former FCA general insurance chief takes Gallagher non-exec role
Simon Green joins Arthur J. Gallagher in the UK as non executive director
Arthur J. Gallagher today announces the appointment of Simon Green as an independent non-executive director of Arthur J. Gallagher Holdings (UK) Limited Board with effect from 1 June 2017, subject to regulatory approval. He will also sit as an independent non-executive director on both its Risk Committee and Audit Committee for the UK business.
In addition to his position on the UK holdings board, Simon will become an independent non-executive director of Gallagher’s UK Retail regulated entity — Arthur J. Gallagher Insurance Brokers Limited — and its regulated underwriting entity, Pen Underwriting Limited.
Simon’s impressive 30-year career in financial services spans both company and supervisory capacities — the last 16 of which have been spent in senior leadership roles at the UK regulator. Most recently he held the position of director of general insurance and protection at the Financial Conduct Authority, responsible for the supervision of all the UK’s general insurance providers and intermediaries, both wholesale and retail, including the Society of Lloyd’s and London market firms, with the scope ranging from the largest firms with international reach to smaller high street brokers.
Simon joined the Financial Services Authority in 2000, latterly serving as head of non-life and international composites before taking up his general insurance director role at the newly formed FCA in April 2013 — a position that saw him tasked with delivering against the regulator’s increasingly demanding supervisory and policy agendas and to define its relationships with firms and key stakeholders. Prior to entering the regulatory world he held senior roles at the Bank of England and Long Term Credit Bank of Japan.
Sue Langley, Non-Executive Chairman of Arthur J. Gallagher in the UK, commented: “We’re absolutely delighted that Simon has chosen to join the Gallagher team. Throughout his tenure as head of general insurance at the FCA, Simon’s straightforward and approachable manner, his understanding of the intricacies of our market, and his willingness to answer the difficult questions earned him respect and admiration from industry leaders.”
Grahame Chilton, CEO of Arthur J. Gallagher International, added: “Simon’s appointment is great news for everyone here at Gallagher. His unique breadth of experience and market insight will provide a fantastic complement to the skills, talents and expertise of our already strong group of non-executive directors. With Gallagher’s momentum and ambition for strategic growth, his counsel will be a valued addition as we look to further enhance our customers’ experience and optimise performance.”
Commenting on his new role, Simon said: “Having spent a large part of my career looking at the insurance industry from a customer and regulatory perspective, it’s great to be able to now use that experience and insight to support a firm like Gallagher, on the ground. I very much look forward to working with the executive leadership team and my fellow independent non-executive directors, to help Gallagher achieve its vision.”