August 18, 2017
MS Amlin has announced that its long-serving chief finance and operations officer Richard Hextall will be leaving the carrier at the end of September after 18 years with the company.
Hextall will be replaced by Chris Rash, who Hextall hired as a successor in 2016.
MS Amlin highlighted that when Hextall joined legacy Amlin in 1999, the firm had gross written premiums (GWP) of £450mn and net tangible assets of £227mn. In 2016, it had GWP of £2.8bn and net tangible assets of £2.9bn.
Meanwhile, the company said that Piyush Patel will continue in his role as COO and will now report to MS Amlin CEO Charles Philipps.
Commenting on the news, Philipps said: “Richard has made a major contribution to MS Amlin over a long period. He was a key player in helping build the Group to what it is today as well as being a highly regarded CFO in the listed insurance sector.
“We have been extremely fortunate to have had his dedicated contribution for so many years and he has our sincerest thanks for all he has done. We wish him every success in the future”.