OneAdvent, a specialist MGA and broker services platform, has appointed Richard Palmer as head of compliance & risk, to build and strengthen the business’s compliance function.
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n his new role, Palmer will be responsible for creating robust compliance frameworks and designing a suite of procedures to build on OneAdvent’s existing strong compliance and regulatory provision.
Bringing over four decades of insurance experience to his new role, Palmer joins OneAdvent from Howden Insurance Brokers where he held the role of compliance manager.
He began his career as a broker before moving to specialise in compliance and has spent the past twenty years in a number of senior compliance roles.
Commenting on his appointment, Palmer said: “The OneAdvent team is committed to helping new businesses find a foothold in the market and grow sustainably, yet profitably. Many simply don’t have the resources to achieve this alone, they bring their ideas; we provide the operational framework to help them.
“In an ever-changing regulatory landscape, it’s vital that new businesses have all the support they need to operate. I’m looking forward to using my years of expertise to guide our customers through the process and help them to flourish.”
OneAdvent specialises in offering innovative new insurance businesses a range of support services to help them get established in the market. It provides comprehensive compliance support has an established a governance framework with all the controls required to help customers operate in accordance with current and future regulation.
Tim Quayle, Managing Director at OneAdvent said: “Our goal is to make it easy for insurance entrepreneurs to bring their vision to life. We have built a team who have all the knowledge and expertise to support them in making this happen.
Richard has an impressive reputation in the market and will be an excellent addition to the business. I can think of no-one better to deliver the level of robust compliance and risk support that our customers need to grow.”
