Argenta Private Capital Limited (APCL) has appointed two board members in newly created roles after David Monksfield announced he will be stepping down from his role as executive chairman as well as his other associated directorships.
Monksfield will remain within the group as a senior consultant, holding a career which spans 40 years in the Lloyd’s market.
APCL has appointed Robert Flach, APCL’s corporate capital & operations director, to the board as managing director, and Andrew Hubbard, currently APCL’s non-executive director, who has been appointed as non-executive chairman.
Both appointments are effective from next month, and are subject to FCA and Lloyd’s regulatory approval.
Flach has spent the entirety of his career in the insurance market, including 11 years at other members’ agencies before joining APCL in 2005.
In 16 years at the business he has garnered extensive experience in all facets of the members’ agency business, including managing the company’s syndicate research function and operations team as well as looking after both private and corporate client portfolios.
Hubbard, a chartered accountant by profession, has a wealth of Lloyd’s market experience, having been a partner in Mazars LLP and its predecessor Neville Russell & Co for more than 40 years.
He is also a non-executive director of Asta, where he is chairman of the firm’s audit committee and a member of its risk and remuneration committees.
Andrew Annandale, chief executive officer of Argenta Holdings said: “I would first like to thank David for his many years of trusted leadership. He has had a distinguished career working in the Lloyd’s market and has been integral to APCL’s growth and success.
“I am grateful to David for his unswerving commitment to all APCL’s clients over an extended period and I’m delighted that he has agreed to remain with Argenta whilst he continues to develop a number of private capital initiatives.
“Robert is a natural choice to become managing director with his vast knowledge and experience of members’ agency businesses and the wider Lloyd’s market and we will continue to benefit from Andrew’s wide-ranging expertise in his new role as chairman.
“I have no doubt that their combined experience will help shape APCL’s future strategy as the company seeks to build upon its successful growth to date. I look forward to welcoming them both to the board in their new roles.”
