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Press Releases - 2017

Date Headline
20.11.17 Steven Beard appointed as CFO of RFIB and Limehouse holding company

Beard also appointed as CEO of new Central Services Company

The holding company of RFIB Group Ltd ("RFIB") and Limehouse Agencies ("Limehouse"), is pleased to announce the appointment of Steven Beard as CFO. Beard will also become CEO of a newly created services company, George Yard Services ("GYS"). Beard takes up his new roles on 4 December 2017 and will spearhead the launch of GYS.

Beard was most recently the Group Chief Executive of Agilisys, a leading technology and professional services company. Under his management it become one of the largest employee owned businesses in the U.K. He joined Agilisys from Xchanging plc, the global business process and technology company; where he held a number of senior positions at both the company’s U.K. and U.S. operations. When Xchanging listed on the London Stock Exchange in 2007 he was responsible for the largest part of the group including XIS and XCS. Steven has also served as CFO of Redwave plc, the U.K. based venture capital business. He began his career working for a series of Lloyd’s Managing Agents including Navigators, Brockbank and XL Capital.

GYS will be a specialist central service company, created to provide back office support to RFIB and Limehouse. Its functions will include Finance, Risk, Compliance, HR, IT and Company Secretariat. It will initially comprise RFIB employees who will transfer to GYS.

Chief Executive Officer, Dennis Mahoney said: "Steven is a landmark appointment for our business. He brings an exceptional track record to our CFO function and is the ideal candidate to launch and build our new central services business. Steven has pioneered the use of new technologies throughout his career and this approach will be central to GYS and across the RFIB and Limehouse businesses. GYS will be a key pillar in our business portfolio. It will enable our broking and underwriting teams to focus on what they do best and will ensure we continue to attract leading talent who share our independent, client focused approach."

Beard said: "RFIB is renowned for its independence, the calibre of its broking teams and its absolute focus on providing top quality service to clients. Limehouse is being established based on similar principles. GYS will support and enhance both - it will be a centre of excellence for services that will support RFIB on its growth trajectory and Limehouse as it builds a market leading position. I look forward to working with Dennis and the team to support and drive growth across the Group."

30.10.17 RFIB launches Singapore Operation

RFIB Group Limited, the international Lloyd’s insurance and reinsurance broker is pleased to announce the launch of RFIB (Singapore) Pte Ltd. The new operation will serve as a hub for the continued development of RFIB’s presence across Asia

Richard Johnston, MD International Operations said: “Asia represents a key growth area for RFIB and our new office in Singapore will be central to our continued expansion in the region. RFIB Group’s expertise in Marine and other specialty reinsurance classes will be core to our proposition in the region. We will also develop opportunities with other local businesses who share our client-focused philosophy.”

Dennis Mahoney, CEO, RFIB said: “Our growth strategy is to expand our presence in those geographies where we can add value to clients. We do not want to be just another (re)insurance broker in a saturated market. We are committed to offering our services in specialist areas which increasingly demand expertise and market understanding. Our new Singapore business is a practical example of this philosophy. We have a clear and ambitious strategy for our new offering and I am certain that RFIB’s business will quickly differentiate itself in the Asian market."

RFIB’s new office is located at:

RFIB (Singapore) Pte Ltd
Singapore Land Tower
37th Floor
50 Raffles Place
Singapore 048623

Tel:  +65 6829 7170

19.01.17 RFIB launches MGA - Limehouse Agencies

RFIB today announced the appointment of Jack Gressier as a Non-Executive
Independent Director of its holding company (TopCo). Mr Gressier will be investing in
the company in a private capacity.

In addition TopCo has announced the creation of Limehouse Agencies (Limehouse);
Mr Gressier has additionally been appointed as the founding Non-Executive Chairman of Limehouse.

Limehouse is a subsidiary of TopCo and has been established with the aim of building a world class underwriting platform dedicated to serving clients and markets, buyers and sellers in the most effective and efficient manner. It will use the latest innovations in technology to provide superior service and product.

Mr Gressier stated "the traditional insurance model, on which the large brokers and carriers were built, is being transformed. The arrival of new, non-traditional capital in conjunction with new and advanced disruptive technology has created a new paradigm in risk transfer.

Limehouse has been established to be at the forefront of this development. As founding Non-Executive Chairman of Limehouse I will shortly be announcing the appointment of a world class Chief Executive Officer to lead Limehouse Agencies.”

Mr Gressier is an industry veteran of more than 30 years having started his career in Lloyd’s in 1986. He has extensive experience in most classes and most geographies. Having served as both an Underwriter and Management Executive in both the Lloyd’s and insurance company environments he is uniquely qualified to create a start-up business in the MGA and alternative markets space.

Mr Gressier will report to Mr Mark Winlow the independent Chairman of TopCo.