Ageas insurance CEO departs in management shakeup

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Ageas has restructured its senior management, resulting in the departure of insurance CEO François-Xavier Boisseau as well as other senior figures.

The insurer said Matthew Thomas, director for business transformation; Andrew Brown, communications director; and Niraj Shah, underwriting director, will leave the business at the end of the year.

Andy Watson, CEO Ageas UK said: “These changes are a natural evolution to a centrally organised functional structure, with all roles within the senior team now having a pan-Ageas UK remit.

“With clear accountabilities, they will be instrumental in ensuring we continue to simplify the way we work, maintain our commitment to be a leading player in the broker channel and grow our direct channel; all of which helps us live up to our purpose of making life easy for our customers.”

Xavier Boisseau will retire to pursue a number of non executive director roles.

Ant Middle will become chief customer officer responsible for the distribution relationships across all three channels – broker, partnerships and direct. Adam Clarke will become chief underwriting officer responsible for underwriting, pricing and reinsurance.

Robin Challand, Lyn Nicholls and Mark Collins will remain in their respective roles as claims director, human resources director and chief information officer.

The company is recruiting for a chief financial officer and a chief risk officer.

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