Specialty London headquartered insurance and reinsurance group MS Amlin has announced the succession plan for its Chief Finance and Operations Officer, as Richard Hextall will step down at the end of September.
Hextall, who has been with MS Amlin since 1999, will be succeeded in the role of CFO by Chris Rash who he had personally hired to be his successor in 2016.
Under Hextall’s financial stewardship since 1999, the MS Amlin Group had increased its gross written premiums from £450 million to £2.8 billion in 2016, while net tangible assets had increased from £227 million to £2.9 billion.
Charles Philipps, MS Amlin CEO, commented; “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.”
The company also said that Piyush Patel would continue in his role as COO, and will now report directly to CEO Charles Philipps.